The Cypriot Government has also abolished in October 2004 restrictions as regards the acquistion 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 companies offering banking services or licensed Cypriot Investment Firms, the same regulations apply as is the case for investments from parties from within the European Union.
