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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The 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 article
Michalis P. Michael is the Chairman of the Board of Directors of the Cyprus Investment Promotion Agency since January 2018. He has a long professional career in business and audit services, both as a sole practitioner and as a Partner in KPMG Cyprus. Mr. Michael has a vast experience in the Ukrainian market and he is the Chairman of the Cyprus-Ukraine Business Association from 2012 until today. Mr. Michael has been actively involved with public life since his early career. Formerly, he served as a Member of the Board of Directors of the Cyprus Broadcasting Corporation (1996-2000), Chairman of the Board of Directors of the Cyprus Organisation of Land Development (2000-2003), Member of the Committee for the Supervision and Development of Cooperative Societies (2003-2013). He was also Member of the Board of Directors of The Cyprus University of Technology (2014-2016), where he currently holds the position of Vice-President (July 2016-today). Mr. Michael, is a Chartered Certified Accountant, a Fellow member of the UK Association of Chartered Certified Accountants (FCCA) and Member of the Institute of Certified Public Accountants of Cyprus, of which he served also as a Member of the Board of Directors.
Mr 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.
Mr. Costas St. Galatariotis was born in Limassol in 1963. He graduated the 5th Gymnasium of Limassol and he studied Economics, Industry and Commerce at the London School of Economics and Political Science. Mr. Costas Galatariotis is Executive Chairman of the Galatariotis Group of Companies, Executive Chairman of C.C.C. Tourist Enterprises Public Company Ltd and member of Boards of Directors of several private and public companies. He is a member of the board of directors of the Association of Cyprus Tourist Enterprises (ACTE). Mr. Costas St. Galatariotis is Chairman of the Audit Committee of Vassiliko Cement Works Public Company Limited since 2008. Mr. Costas St. Galatariotis has served as Honorary Consul General of Japan in Cyprus from 2007 until 2012. Since September 2014 he is the President of the Board of the Limassol Chamber of Commerce and Industry.