Attracting foreign capital has always been among the primary objectives of the country's development policy as it contributes to, among other things, the introduction of modern technology and increased export prospects.
Cyprus offers numerous advantages and incentives to the foreign investor. The constitution guarantees the right of private property while it does not discriminate between Cypriots and non-Cypriots. Nationalization has never been part of government policy, nor is it contemplated in the future.
Administrative procedures are simple and, in most cases, foreign participation of up to 100 percent is permitted. There are no complicated criteria other than the rejection of applications for projects which may create environmental problems or may appear detrimental to the country' s economy or national security.
The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances from a local lawyer or accountant.
