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Investment Sectors
Research and Development (R&D)
The Government of Cyprus acknowledging the importance of research, development, and innovation, is strongly committed in enhancing the scientific basis in Cyprus. The Research Promotion Foundation of Cyprus (www.research.org.cy) funded over €25 million worth of research projects and supporting activities, and the budget is expected to grow in the coming years according to the following five ...
Information and Communication Technologies (ICT)
One of the priority growth sectors in the Goverment of Cyprus Strategic Development Plan (2007-2013), is Information Communication Technology. Specifically, Cyprus wellcomes FDI to expand and/or develop projects on e-Government, e-Business, e-Learning, e-Inclusion, e-Health and overall ICT services.
The sector is relatively advanced and well regulated by the Office of the Commissioner of ...
Energy
Cyprus is committed to:
Ensuring Security of Energy Supply
Protecting the Environment
Fostering Healthy Competition in the Energy Sector
Encouraging Development of renewable energy technologies and production
Sector Synopsis
Cyprus ranks number one in the world in solar energy use for water heating in households.
1.96 million toe (tons of oil equivalent) ...
Shipping
Cyprus is an internationally renown shipping centre. The island’s merchant fleet has been growing steadily, reaching a top 3 position in Europe and a top 10 global ranking.The unique geographical position at the juncture of three continents, the advanced infrastructure and services, as well as the very attractive taxation and other advantages makes Cyprus an ideal location for ship owning, ship ...
Banking and Financial Services
The Cyprus banking and financial services sector is diverse, comprising of the domestic banks, the co-operative credit institutions (CCIs), the former international banking units (IBUs), insurance companies, and other companies that offer financial intermediation services.
There are many foreign banks from the Middle East, Europe, Africa and Asia that operate as subsidiaries, branches or ...
Education
Cyprus welcomes investor interest in education. Cyprus is committed to further strengthening education and is focusing on reforms to achieve sustainable growth. The Ministry of Education and Culture is harmonising the education system in line with the European Standards & Guidelines for Quality Assurance.
The Cyprus Council for the Recognition of Higher Education Qualifications (www. ...
Professional Services
Cyprus is recognized as an international centre of excellence for the provision of professional services. The accession of Cyprus to the European Union and the euro zone, in conjunction with the developed, free market economy, strategic geographical location, advanced and attractive tax environment, extensive double taxation treaty network, and robust and transparent regulatory environment, ...
Medical Services
The Government of Cyprus aims in the differentiation and enrichment of the tourism sector by focusing on the promotion of health services. Health services tourism is a developing industry that combines medical treatment with vacation. Health services address the needs of ill tourists, providing medico-pharmaceutical care and stay in hospitals and recuperation centres.
Sector Synopsis
...
Wellness Tourism
The Cyprus Tourism Organisation aiming at the sustainable and balanced development of tourism in Cyprus, has recalibrated its strategy to support the development of new tourism products and services, which also includes the wellness tourism products and services.
Main elements of Wellness Tourism
The body
fitness: exercise and therapy / diet: food / skin: ...
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