CyprusProfile.com asked Lars Bergman, Founding Partner of Scandinavian Solar Parks, about the key advantages of investing in Cyprus.
"Cyprus is one of the sunniest places within the EU, making it a prime location to build solar parks. Solar technology is the most flexible and scalable source of renewable energy, as you can build both small and huge installations, all depending on the client’s needs. In addition to the great natural resource, the country offers cost-effective labour and significant advantages for international companies through its beneficial tax framework. The renewable energy landscape is still in its infancy and there are many solid opportunities for foreign investors to develop the industry. This, coupled with the country’s citizenship and residency schemes, offers multiple attractive incentives for both investors and international business".