Promoting investments and entrepreneurship is a key part of the Growth Reform. The improvement of the business environment, the simplification of procedures, the provision for incentives to investors as well as the development of a stable and transparent regulatory framework, are all essential factors which will contribute to the attraction of investments and encourage business activity.
The main objective is the promotion of concrete actions for the facilitation of strategic investments and business activities.
The following actions are being promoted:
- Optimization of the process and adoption of legislation to facilitate Strategic Investments
- Preparation of an Integrated Strategy to attract investments
- Optimization of the process of employment of highly skilled third country nationals
- Setting up a policy framework for the enhancement of the Entrepreneurial Ecosystem
- Development of business support structures
The proposed legal framework aims to speed up and simplify the licensing process for major investment. For the preparation of the legislation and the establishment of a fast track mechanism for major investments, the Cypriot authorities have requested support from external experts via the European Commission ...read more
Preparation of an integrated strategy with the aim to set clear targets and measures in order to attract new investments.read more
A National Policy Statement for the Enhancement of the Entrepreneurial Ecosystem in Cyprus has been formulated, in close cooperation with the Ministry of Energy, Commerce, Industry and Tourism (MECIT), and endorsed by the Council of Ministers on the 14th December 2015. You can find the final text of ...read more
The concept of “Social Entrepreneurship” can be a driving force for a better society, as it connects entrepreneurship with “social benefit”. More specifically, it diverts the benefits of entrepreneurship into innovation, job creation, and growth, primarily to achieve a social purpose, and secondly ...read more
The "Cyprus Startup Visa" programme/scheme allows talented entrepreneurs from third countries [outside the European Union (EU) and outside the European Economic Area (EEA)], individuals or in a team, to enter, reside and work in Cyprus in order to establish/operate/develop a startup with a high growth ...read more
One of the major actions in the framework of the the National Policy Statement for the Enhancement of the Entrepreneurial Ecosystem in Cyprus, which was implemented by the Ministry of Finance in cooperation with the Unit of Administrative Reform – Presidency, is the revision of the Income Tax Law ...read more