Cyprus promoted in Israel as investment destination

The Cyprus Investment Promotion Agency, commonly known as Invest Cyprus, on Tuesday held an event in Israel to promote the island as an investment and business destination.

The Cyprus Roadshow 2022 event, which took place in Tel Aviv, attracted 200 participants based in Israel.

“In recent years, investment and business relations between Cyprus and Israel have recorded a significant improvement, with many companies of Israeli interests choosing our country either to make significant investments or to create a European business base,” Invest Cyprus said in a statement.

At the event, Invest Cyprus’ chairman Ioannis Matsis provided an overview of the Cypriot economy, while delving deeper into a number of issues, including its tax system, the services sector, the cost of living, as well as recent reforms, business incentives and other government initiatives.

Invest Cyprus Deputy director general Marios Tanousis presented the Finance Ministry’s ongoing strategy for the attraction of foreign investments, with particular emphasis being placed on the technology sector.

Meanwhile, Invest Cyprus officer Sarris Demetriou spoke on business opportunities in the energy sector, including renewable energy projects, as well as business opportunities in healthcare and education.

The event was also attended by Chief Scientist and Research and Innovation Foundation president Nikolas Mastroyiannopoulos, RIF vice president Stavriana Kofteros, as well as Cyprus Securities and Exchange Commission (CySEC) vice chairman George Karatzias.

The agency explained that various business world representatives had the opportunity to present information on each individual sector separately, but also speak on specific investment proposals, providing a snapshot of Cyprus’ growth and investment opportunities in the process.

“During its stay in Israel, Invest Cyprus’s delegation will hold a series of additional targeted meetings with Israeli companies and large investment organisations, which have shown particular interest in Cyprus,” the agency concluded.