Investment Opportunities
General Information
We welcome investment opportunities in the key sectors outlined in the site.
Success Stories
Andi-Ventis Ltd
Nest Investments Holdings (Cyprus) Ltd
Kardex Systems Ltd
Amdocs: Research and Development Centre in Cyprus
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- Information & Communication Technologies
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 Telecommunications and Postal Regulation(www.ocecpr.org.cy). This regulator was established in 2002 and the fundamental principles of its operation, based on the acquis communautaire and the European experience, are transparency, equal treatment, non-discrimination and good faith in its relations with the licensed operators and the consumer.
Sector Synopsis
- 65.6% increase to households with internet from 2005-2009
-
58% increase to enterprises having broadband from 2006-2009
- In 2008, there were 129 mobile subscriptions per 100 inhabitants
- Cost of local calls: €0,22/10min (EU25=€0.36)
- Cost of national calls: €0,22/10min (EU25=€0.74)
- Cost of calls to the USA: €0,66/10min (EU25=€1.79)
Advantages/Opportunities
- Established great infrastructure with nodes connecting Cyprus to the rest of the world
- Switching to digital terrestrial TV broadcasting by 2011
- Focusing on Wireless Access System Networks
- Broad array of companies offering a variety of services including 50 software development companies, more than 10 internet service providers, 5 telecommunication companies and 15 web design companies
- Excellent education level of the workforce in Cyprus (48% of the workforce of the age group 25-34 in 2008 have completed tertiary education)
- Over 1000 graduates in the fields of mathematics and computing every year
- In the audio, visual and film production services, more than 20 companies are operational, taking advantage of the sunny weather conditions in Cyprus
- Government commitment to further expansion in this sector
Latest News
Cyprus ranked 40th out of 183 countries in DoingBusinessReport 2010
- Sep 08, 2009
CIPA calls for constructive dialogue
- Aug 03, 2009
Cyprus Finance Ministry and CIPA to formulate action plan on FDI
- Jul 30, 2009
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