Investment Opportunities
General Information
We welcome investment opportunities in the key sectors outlined in the site.
Success Stories
Weatherford International
Uniteam Marine
FBME Bank Ltd.
Nest Investments Holdings (Cyprus) Ltd
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- Investment Sectors:
- Medical Services
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
- Expenditure of health services was €1,065 million in 2008, €517 million (48.56%) of which constitutes expenditure of the public sector and €548 million (51.46%) of the private sector
- The share of expenditure as a percent of GDP increased from 6.0% in 2007 to 6.2% in 2008
- Five public General Hospitals: two in Lefkosia, and one each in Limassol, Larnaca and Paphos
- Investment in new buildings accounted for €19.5 million and €15.5 million in machinery and equipment
- Other specialized medical institutes, offering services in:
–Cancer treatment–Organ transplants–Services on bone marrow–Cardiac surgery procedures and non-invasive Cardiac surgery–Neurology and Genetics
Infrastructure Statistics:
- The Cyprus University of Technology offers courses in “Health Services”
- A Medical School at the University of Cyprus will begin offering degrees by 2016
Specialized medical institutes in Cyprus include:
- The BOC Oncology Center for cancer treatment
- The Paraskevaidio Surgical & Transplant Foundation for organ transplants
- The Karaiskakio Foundation for services on bone marrow
- The American Heart Institute for cardiosurgical procedures
Source: Health Insurance Organization
Advantages/Opportunities
Cyprus welcomes investor interest in Health Services. Several FDI opportunities exist to build and transfer or operate centers offering care in several fields including: pathology, general chirurgical, heart operation, plastic chirurgical, ophthalmology, gastroenterology, pediatric, otorhinolaryngology, obstetrics and gynecology, urology, orthopaedics. In particular, centers providing these specialized services:
- Cardiac Surgery interventions
- Kidney transplants
- Renal insufficiency care
- Oncology services
- Preventive/diagnostic tests
- Dental examinations/treatments
- Surgical remedial or aesthetic surgery/treatment
- Rehabilitation for people who need long recovery after surgery
- Mental rehabilitation
- Rehabilitation for patients with respiratory problems
- Neurosurgery
- Other medical services such as orthopedic, plastic surgery, gynecology, in vitro fertilization, gerontology, rheumatology, endocrinology, dermatology, nature cure, etc.
Cyprus focuses on health services and offers several opportunities for partnership between private companies and local government.
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





