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Evgenios C Evgeniou

Evgenios C Evgeniou

CEO, PwC Cyprus

The country continues to be a competitive financial centre with highly-skilled professionals and significant comparative advantages. These include among others, a stable and attractive tax system, an advantageous geographical location and a large double taxation agreement network.

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Electricity output from natural gas by 2021

Electricity output from natural gas by 2021

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  • Despite 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.

  • Cyprus has a massive opportunity to position itself as a centre of excellence in production, research, genetics, and intellectual property in the Cannabis sector which, combined with a transparent regulatory and compliance framework make it an attractive country for the legal Cannabis industry to flourish.

  • The country continues to be a competitive financial centre with highly-skilled professionals and significant comparative advantages. These include among others, a stable and attractive tax system, an advantageous geographical location and a large double taxation agreement network.

  • Another important area of development is that of investment funds and fund management. These comprehensive vehicles attract a great deal of investment because they entail specific advantages, such as risk-spreading and access to sizeable investments and projects. Cyprus has become one of Europe’s emerging destinations for investment funds.

Country Overview

An Island Transformed

Cyprus is going through exciting times of growth and development thanks to a renewed boost in confidence with foreign investors flocking back to its shores, attracted by the improved economic climate, large-scale projects and bourgeoning prospects in the real estate, investment fund and energy sectors.

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  • Cyprus at a Glance

    Key facts and figures about the country, geography, people, government and economy plus 2020 public holidays.

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  • Country & People

    Vibrant business centres and tranquil villages; traditional values and cosmopolitan lifestyle; sun-kissed beaches, fertile valleys and snowy mountains: Cyprus is a land of contrasts with many faces.

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  • Economy Overview

    Overcoming the challenges of recent years, Cyprus has continued on a solid growth path and maintained its status as one of the fastest growing eurozone economies.

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  • Foreign Direct Investment

    Cyprus has regained its status as a serious contender amongst European FDI destinations thanks to its rapid economic turnaround and advantageous business operating environment.

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Cyprus Investment Funds Guide 2019

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