The country’s main initiatives are to promote its core services in key target markets, such as Russia, China, India the Middle East and Europe through trade show and business forums.
A lot of big projects are in their developing stages and many foreign investors, existing and none, are interested in investing in or through Cyprus.
Attract and encourage foreign investment during the post-bailout periodThe country is currently going through difficult times and this makes it even harder to bring foreign investment in Cyprus, but the business world remains optimistic and works hard to achieve this.
The fact that there was not any enormous exodus of foreign investors from Cyprus after the bailout, this shows that they truly believe in the advantages enjoyed, such as the excellent human capital, a transparent regulatory framework, the competitive tax system, the double tax treaties network and the key geographical position and also the quality of life.
For all of the above qualities, it is believed that foreign investors, taking into consideration that during crisis there is always opportunity, will be encouraged to start new businesses and investments in Cyprus.
Developments in Oil & Gas Industry
It has been some time now that foreign investors have already expressed interest in undertaking energy projects in Cyprus, focusing on the development of the necessary infrastructure for the exploitation of natural gas.
This sector will create new job openings in the construction and services fields, and is expected to bring an inflow of services companies which will set up their business in Cyprus.
Energy might be at its infant stages in the country, but it is considered to be the island’s future prosperity that will bring revenue and other benefits to Cyprus.
Funds
The Cyprus fund industry has experienced growth in recent years due to a number of regulatory developments. The recent transposition of the Undertakings for Collective Investment in Transferable Securities (UCITS) IV Directive, where Cyprus offers a European passport to the Fund Management Industry, is expected to enhance the country’s status as an attractive jurisdiction for investment funds.
Also, measures are being implemented for the transposition and the Alternative Investment Fund Managers Directive (AIFMD) in order to offer outstanding possibilities for cross-border distribution.
Cyprus has built a strong position as an international hub for Forex investments, which has grown considerably over the last few years and is contributing to the country’s growth and providing employment opportunities to sector professionals.
The business world is being optimistic and believes that the island will overcome this difficult period and Cyprus will prevail again.