Invest Cyprus and the Institute of Certified Public Accountants of Cyprus (Selk) have signed a Memorandum of Understanding (MoU) to enhance cooperation and further develop the Cyprus business ecosystem.

The agreement provides a framework for closer collaboration, with both organisations set to share expertise, exchange information and promote initiatives that support the professional services sector and attract foreign direct investment.

Planned joint activities include business meetings, conferences, roundtables and sector-specific reports, as well as the exchange of insights on regulatory and economic developments.

Commenting on the partnership, Invest Cyprus chairman Evgenios Evgeniou said the agreement reflected a shared vision of strengthening Cyprus’ competitiveness and creating what he described as “a thriving, transparent, and sustainable business environment.”

He added that “together, we will showcase Cyprus as an attractive destination for international companies and investors.”

Selk’s chairman Odysseas Christodoulou noted that the MoU would further reinforce what he called the already excellent cooperation between the two organisations.

He said it would “help on the promotion and attraction of foreign direct investment (FDI) creating new jobs and enhancing economic development.”

The signing, therefore, underlines both organisations’ commitment to advancing Cyprus as a leading international business and investment centre, while ensuring professional standards, transparency and competitiveness remain at the forefront of the country’s economic agenda.