Foreign investment

Cyprus is an attractive place for investment. The strategic location of the island, its excellent climate, the well-developed infrastructure and the plentiful supply of high quality, well trained labour are some of the advantages Cyprus has to offer. In addition to these, the favourable tax regime and the availability of a free zone area, make Cyprus an ideal location for manufacturers, especially those with Middle East/North African export activities.

As a consequence of the Government’s general policy of non-intervention in business operations and as part of the process of adopting EU regulations, a new investment law was passed in July 2003 by the House of Representatives. The official government policy is welcoming to foreign investment provided that this does not have adverse environmental effects.