The Cyprus Investment Promotion Agency, a full member of WAIPA, is the National Investment Authority created with the purpose to become the first point of contact with the international business and investor community, promote the export of services and attract investments in priority sectors for the Government. Invest Cyprus’ mission is to raise awareness of Cyprus as a location for FDI across the globe, providing certainty around all aspects of operating a business in Cyprus.
Cyprus: a measure of hope
Despite the global economic shock caused by the COVID-19, the case in Cyprus offers a measure of hope. The Government’s successful handling of the pandemic combined with a swift response to the crisis have paved the way towards a full recovery mode for the country. Invest Cyprus continues to focus on the promotion of the country as a destination for headquartering, investment funds and asset management, professional services, as well as the attraction of investments in sectors such as Tourism & Hospitality, Energy, Health and Higher Education.
Headquartering Tech Companies: a Dynamic Sector
When it comes to choosing the right location to establish international and regional headquarters, Cyprus is increasingly gaining momentum as a prime contender in the minds of decision makers of tech multinationals. Strategically located at the crossroads of three continents, Europe, Africa and Asia, Cyprus is a modern EU member-state, offering international businesses the ideal environment to set-up, grow and prosper. Wide access to markets, strong economic growth, a pro-business environment, tech-savvy talent, low operating costs, and a number of incentives, including a competitive IP regime, are only a few of the reasons why Cyprus is one of the top headquartering destination.
As Invest Cyprus Chief Executive George Campanellas explains “Cyprus can serve as a gateway for US companies wishing to gain access into the EU”, adding “the island is already home to a number of global ICT companies, using it as a hub for software development, system integration, testing services, research & development activities, project management, and sales and marketing, while servicing clients in Europe, Middle East, North Africa, and beyond.”
• The Cyprus Investment Promotion Agency, a full member of WAIPA, is the National Investment Authority. (https://www.investcyprus.org.cy)