articles | 05 August 2025 | ServPRO

Cyprus Launches BSC: Streamlined Support for Strategic Investors

Former BFU Rebranded and Expanded

Cyprus has officially launched the Business Support Centre (BSC), a centralised, investor-oriented initiative broadening the scope of the Business Facilitation Unit (BFU). Located in Nicosia, the BSC now integrates services from key public authorities under one roof, including:

  • Strategic Development Sector (SDS) of the Department of Urban Planning and Housing
  • Invest Cyprus
  • BFU of the Ministry of Energy, Commerce and Industry
  • Civil Registry and Migration Department (CRMD)
  • Point of Single Contact (PSC Cyprus) to operate as a one-stop-shop for services

BSC Cyprus: Services for Strategic Investors

  • Fast-Track Licensing for Strategic Projects: BSC coordinates all approvals for qualified strategic investments – including renewables, zero-emission technologies, EU co-funded initiatives, and infrastructure projects.
  • Business Setup Support & Corporate Registration: Investors can register businesses with foreign participation via a dedicated electronic platform, unlocking access to talent mobility, migration schemes, and tax incentives.
  • Non-EU Nationals’ Employment Assistance: Registered companies gain access to the Third Country Nationals Scheme, including expedited residence and work permits for highly skilled employees.
  • Project Planning & Regulatory Mapping: Tailored licensing roadmaps and regulatory coordination for projects across tech, finance, energy, education, and R&D.
  • PSC Cyprus Services: Ongoing support for cross-border service providers, including EU-based firms temporarily operating in Cyprus.

What We Can Do for You at ServPRO

At ServPRO, we’re fully aligned with the BSC’s operational procedures and fast-track protocols. As trusted advisors to Cyprus-based and international clients, we offer hands-on guidance and representation throughout your engagement with the BSC. Our services include:

  • Company registration in Cyprus (foreign or local ownership structures)
  • Fast-tracked non-EU Nationals work permits, Energy Projects licences, and Strategic Development Projects licences
  • End-to-end handling of BSC applications and documentation
  • Legal structuring, tax planning, and immigration strategy
  • Project liaison and timeline management with relevant ministries and regulators

Whether you're launching a new venture, relocating an international operation, or developing a high-impact project, ServPRO ensures your entry into Cyprus is efficient, compliant, and strategically sound.

Get in touch with our advisory team.

Ready to Expand in Cyprus?

Now is an ideal time to capitalise on Cyprus’ enhanced support for investors and strategic businesses. The BSC framework, backed by ServPRO’s advisory team, simplifies what used to be a fragmented, time-consuming process.

Contact us today for a consultation.

Cooperation Partners
  • Logo for Cyprus Shipping Chamber
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  • Logo for Cyprus International Businesses Association
  • Logo for CYFA Cyprus
  • Logo for Cyprus Investment Funds Association
  • Logo for Association of Cyprus Banks
  • Logo for Invest Cyprus
  • Logo for Love Cyprus Deputy Ministry of Tourism
  • Logo for Ministry of Energy, Commerce, Industry and Tourism