Investment from non-European Union countries

The Cypriot Government has also abolished in October 2004 restrictions as regards the acquisition of shares in a company registered in Cyprus by investors from countries outside the European Union.

There are some restrictions in specific economic sectors such as broadcasting, land development, education, the press, travel agencies, construction, commercial shipping and fisheries. In the case of investment in companies operating in these sectors, appropriate license must be obtained by the relevant authority.

In the case of banking institutions or licensed Cypriot Investment Firms, the same regulations apply as in the case for investments from parties from within the European Union.

Contacts

Konstantina Logotheti: Senior Manager - Marketing & Communications; Tel: +357-22555108; Fax: +357-22555003

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