Press Releases

It is with great pleasure that I am here with you today to welcome your organisation to Cyprus.

Let me start by saying how proud I am of my small island despite all the difficulties we have faced, including the recent financial crisis that nearly crippled our banking sector.But we are a resilient race who has endured many hardships and now we have come out stronger than ever.

Cyprus’ unique geographical location – a gateway between Europe and the Middle East – has played a major role as a base for global trade for thousands of years and it continues to play a major role in developing this island as an establishment for many multinational companies. Our economy may be small but it is open, transparent and business-friendly, and able to weather a great deal of obstacles.

Although Cyprus’ main pillars of business is based on tourism, shipping and professional services, there is a constant attempt for improvement and innovation. With the contribution of Foreign Direct Investments rising steadily and the future prospect of Cyprus becoming an Eastern Mediterranean oil and gas centre, it is no wonder that the Cypriot economy is expanding outwards as a regional hub of business excellence.

We are a friendly island, full of sunshine and a rich culture spanning from antiquity. Naturally, our hospitality is mirrored in our business ethics. As part of the Commonwealth, our primary corporate statutes are based on English company legislation and the legal system modelled from English Common law.But as a member of the European Union, we are fully compliant with European Union directives as well as being one of the lowest tax regimes within the EU. In light of these factors, Cyprus can offer international investors the confidence to invest, grow and prosper.

Ladies and Gentlemen,

Esteemed Guests,

I hope that you all enjoy Cyprus’ warm sunny weather and cultural history.

Thank you for listening.

AM/SCH