The inflow of foreign capital and especially of that geared towards direct investment will act as a catalyst to accelerate the rate of growth of the economy. Investments will contribute to the enhancement of the production capacity which will enable Cyprus to compete in the increasingly aggressive international marketplace. In view of the new conditions connected with Cyprus’ joining the EU, attracting foreign investments, new technologies and know-how is gaining additional weight. The latter will undoubtedly raise the competitiveness of Cypriot products. With the aim of achieving the above-mentioned goals, the Ministry of Commerce, Industry and Tourism established the Foreign Investors Service Centre (FISC) which operates under the auspices of the Ministry of Commerce, Industry and Tourism for foreign-based companies interested in investigating investment opportunities in Cyprus. The FISC constitutes the central agency of information, support, and foreign investors´ relations. It plays a vital role in attracting FDIs in targeted sectors, especially focusing on the development of high technology products, the enhancement of R&D and technology transfer; fields essential for the upgrading and the enrichment of production capacity and the productive fabric’s competitiveness.
The Scope of the Centre:
- Promotion of Cyprus as an international business as well as an R&D centre.
- Organisation of promotional activities for the dissemination of Cyprus´ competitive advantages and encouragement of foreign investment.
- Provision of information to investors regarding financial, legal and taxation matters in implementing a project in Cyprus.
- Provision of advice to potential investors regarding the most efficient way of making use of the package of the various benefits offered (e.g. Grant Schemes).
- Liaising with various governmental departments and facilitating the process of granting the necessary approvals, such as the work permits, required for implementing a project.
- Provision of aftercare service aimed at anchoring existing investors and encouraging them to upgrade their activities in Cyprus.
Contact data in Cyprus
Ministry of Commerce, Industry and Tourism
Foreign Investors Service Centre
Tel.:
+357 22 867239
+357 22 867100
+357 22 867143
Fax:
+357 22 375541
For Foreign Investors Service Centre of the Ministry of Commerce, Industry, and Tourism announces the launching of the website www.investincyprus.gov.cy, established within FISC’s activities for attracting foreign direct investments in targeted sectors and promoting Cyprus as an international business and investment centre.
See details: One Stop Shop, One Stop Shop FAQ.