Business Facilitation Unit (BFU)

The Council of Ministers, having the intention and the ultimate goal of attracting international investment and talent in the Republic of Cyprus, approved the "Strategy for Attracting Businesses for Activities or/and Expansion of their Activities in Cyprus", on the 15th of October 2021. As part of this program, the Decision entered into force on the 12th of December 2022.

The main purpose of BFU is the provision of faster and more efficient processing of requests applied by foreign companies for the establishment of a Cyprus Company or the expansion of activities of existing companies

I. Services provided by the Unit:

A) The unit acts as the single point of contact and provides the ability to new entities to complete all registrations for their establishment. The setting up of a business includes the below: