Foreign deposits now provide genuine investments says minister
Finance Minister Harris Georgiades said on Wednesday that the practice by which non-EU nationals and shell companies could deposit large sums of money into Cypriot
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EU leaders unite over Trump tariffs, foreign investments
European Union leaders pledged on Friday to react firmly against protectionism and called for a new EU law to screen foreign investments, with Washington and Beijing clearly
Award ceremony for top foreign investors
Six foreign investors were acknowledged for their contribution to the economy during this year’s Cyprus Investment Promotion Agency (Invest Cyprus) awards, while a seventh was
MPs plan to streamline transfer fees and VAT on land sales
Lawmakers plan to draft a bill aiming to eliminate a distortion where certain buyers of real estate must pay property transfer fees while others do
Limited resources of company oversight body ‘an accident waiting to happen’
The Cyprus Securities and Exchange Commission (Cysec) said on Monday that it is operating on a shoestring budget, nowhere near enough to exercise oversight over
Anastasiades to address Cyprus investment forum in New York
President Nicos Anastasiades is due to attend, and deliver the key address at the Invest in Cyprus Forum in New York on March 22, it
Tax breaks aim to lure rich foreigners
By George Psyllides PRESIDENT Nicos Anastasiades on Wednesday announced tax incentives, including a 50 per cent cut in property transfer fees, to boost economic activity
Red-tape still the bane of foreign investment
By George Psyllides Bureaucracy, lack of confidence in the banking system, and delays in decision making were cited as Cyprus’ main disadvantages in a survey
New legislation will modernise company law
By Jean Christou A DRAFT BILL to modernise company law will be submitted to the House by the end of this month, Commerce and Energy
Marina project seeks more time to find investors
By Peter Stevenson FEASIBILITY studies are underway in an attempt to keep the development of the Larnaca port and marina project on track with private
Rocky road for foreign investors
By Stefanos Evripidou AT A time when Cyprus is desperately trying to attract foreign capital to its shores, investors injecting €5 million into a sustainable
Clunky bureaucracy makes foreign investment a nightmare
By Ajay Goyal PRESIDENT Nicos Anastasiades is talking about a complete overhaul of government and financial institutions. His agenda goes further – he is asking
Our View: A dysfunctional banking system will not help in attracting investors
IN CURRENT market conditions, characterised by illiquid banks, an impecunious state, a rapidly shrinking economy and zero business confidence, foreign investment appears the only hope