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Invest Cyprus (Cyprus Investment Promotion Agency) is the investment authority of the Government of Cyprus dedicated to attract and facilitate foreign direct investment into the country.
In close collaboration with all governmental authorities and public institutions, as well as the private sector, Invest Cyprus is the country’s lead agent in establishing Cyprus as a world-class destination for international business activity and investments.
Invest Cyprus’ mandate is to raise awareness of Cyprus as a destination for FDI across the globe, providing certainty around all aspects of operating a business in Cyprus and supporting potential investors in developing their business case for investment into the country.
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Cyprus: A Natural Film Studio (short version), Cyprus: A Natural Film Studio (long version)
Q: Cyprus and the United Arab Emirates have friendly relations and a long history of cooperation. In terms of investment, what key projects in Cyprus have attracted participation from the UAE, and what type of foreign direct investment would you like to see from the Emirates in the future?
Read George Campanellas's full insightAcross the West, the mantra voiced by policymakers is ‘build back better’. Covid has taken its toll on all our industries, services and markets, and efforts to stimulate recovery are now under way. Eco-friendly initiatives are seen as central to a revival of fortunes. And Cyprus is fast-tracking a transition to a green economy – not only to restore the country to financial health in the wake of the pandemic but also to embrace important new investment opportunities to diversify our economy.
Read full articleInvest Cyprus expresses its satisfaction at the strong momentum of Cyprus’ investment funds industry, even in the particularly adverse conditions brought on by the pandemic. According to the latest available data published by the Cyprus Securities and Exchange Commission, the number of investment funds increased to 283 in the fourth quarter of 2020, while there was also an increase in the assets under their management, which totaled €8.58b.
Read full articleFor a small island, Cyprus has big ambitions. Having already established itself as a growing fintech centre, Cyprus has long recognised it must continually change and challenge itself to remain relevant and it is investing heavily in technology and innovation to enhance its global competitiveness. “We should think of Cyprus as a preferred destination for international tech companies and venture capitalists”, Invest Cyprus Chairman said recently as he set out ambitious plans to shape Cyprus into a Tech Hub.
Read full articleInvest Cyprus, as the governmental authority dedicated to attracting and facilitating foreign direct investments in Cyprus, has introduced an one-stop shop for investors to support the creation of a broad and attractive “Project Bank” inclusive of high value investment projects that align with key government strategies in sectors such as healthcare, tourism & hospitality, renewable energy and other commercial projects.
Read full articleWhile many hotel groups have put their development plans on hold, Radisson Hotel Group has announced it is forging ahead with an ambitious five-year plan that includes opening a second property in Larnaca by the summer of 2021, and breaking ground in the next few months to build the island’s first branded serviced apartments, also in Larnaca. Another flagship property is planned in Nicosia, to be operated by Sunnyseeker Hotels under a franchise agreement.
Read full articleThe prospect of a no-deal Brexit has seen an increase in financial services companies looking to Cyprus as a ‘low cost’ European base to retain EU passporting rights, an online conference heard. A survey conducted among 150 electronic money and payment institutions, funds managers, and law and accounting firms at the conference highlighted new industry concerns over Brexit, with 76.9% of participants claiming the future of the UK financial services sector depended on the outcome of the Brexit negotiations. Just 2.6% said Brexit would have no impact.
Read full articleAs part of Invest Cyprus wider efforts for regional synergies, the organization has established bilateral and trilateral relations with neighboring countries. In this context, Invest Cyprus participated in the digital conference titled “Reviving Tourism in Times of Crisis”, organized by the Investment Development Authority of Lebanon (IDAL).
Read full articleAs Cyprus is named the best-improved country in the IMD World Competitiveness Centre 2020 report after rising 11 places, George Campanellas, the Chief Executive of Invest Cyprus, the national investment promotion agency, highlighted the country’s successful handling of the coronavirus pandemic and its new strategy to improve its economic competitiveness.
Read full articleDespite the tourism uncertainty prevailing globally, TourInvest unit’s efforts are currently focusing on supporting the sector through adjusting the right measures and facilitating regulations under the objective to lay the foundations for investment and to regenerate the sector.
Read George Campanellas's full insightThe Cyprus government has announced a series of new tax incentives to boost economic activity and attract foreign investment. International investors (individuals and corporate groups) can now better enhance corporate substance and improve the tax efficiency of their international operations.
Read full articleMr George Campanellas is a graduate of the Department of International and European Studies of the Athens University of Economics and Business with post-graduate studies in Public Sector Management (Master’s in Public Sector Management) and Business Administration (MBA in Oil & Gas and Energy Management). During the past 16 years he has held various positions within the public service. Since 2013, he was employed at the Ministry of Energy, Commerce, Industry and Tourism where he was actively involved in drafting the regulatory framework and incentives for attracting Foreign Direct Investment in sectors of strategic importance to the economy. He has been actively involved in the development of the integrated casino resort, being also member of its Project Management Team. Since 2015, he has participated as a speaker in a number of business missions abroad, presenting investment opportunities in different sectors of the Cyprus economy, while also serving as a member of the Board of Directors of Invest Cyprus.
Q: Cyprus and the United Arab Emirates have friendly relations and a long history of cooperation. In terms of investment, what key projects in Cyprus have attracted participation from the UAE, and what type of foreign direct investment would you like to see from the Emirates in the future?
Read George Campanellas's full insight9 Makarios III Avenue, 4th Floor, Nicosia 1065, Cyprus
Tel: (+357) 22 441 133
Fax: (+357) 22 441 134
Email: info@investcyprus.org.cy
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