After Cyprus International Businesses Association (CIBA) and Invest Cyprus (CIPA) signed the Memorandum of Understanding to strengthen Cyprus’ position as an international business and investment centre, we want to clarify what it means for future investors.
Perspective for foreign investors and founders
That’s actually meaningful. CIBA — the association representing international businesses already operating in Cyprus — and Invest Cyprus — the state agency responsible for attracting new investment — have signed a memorandum of understanding.
On paper, it’s an agreement on information sharing, joint events, and coordinated investor support. In practice, it closes a gap that frustrated investors for years: the disconnect between “we’re interested in Cyprus” and “we’re already here and have questions.”
Unified effort
A more unified entry point — from initial interest through to establishment and long-term operations, both organizations now work from the same playbook.
Better access to regulatory information — the MOU specifically covers investment opportunities, regulatory developments, and available incentives. For anyone navigating Cyprus’ business framework, that’s not a small thing.
A stronger institutional voice — CIBA and Invest Cyprus co-hosted an event on FDI and the EU Omnibus reforms at the end of March. The fact that public and private sector are now coordinating on EU regulatory positioning matters for anyone evaluating Cyprus as an EU holding or IP jurisdiction.
Invest Cyprus chief executive Marios Tannousis said,
“The memorandum further strengthens joint efforts to promote Cyprus as a leading investment destination.”
By working more closely with CIBA, Tannousis added, Invest Cyprus will be better placed to engage with the international business community, understand investor needs and pursue a more coordinated approach both to attracting new investment and supporting the expansion of existing operations.
At Legarithm, we help with all the process, regardless of changes and regulatory updates, we keep up. Be sure to contact us for the smooth company formation.
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