At Harris Kyriakides LLC we have a wealth of experience in dealing with asset management in Cyprus and legal matters related to foreign investment.

Cyprus is ranked among the high potential countries for foreign direct investment growth. In 2011-2012, Cyprus ranks 47th among 142 economies compared to the previous year, where it ranked 40th among 139 economies. Cyprus also ranks 31st in the world on the quality of life index out of 187 countries.

In order to further enhance the intensity of foreign investment, the Government has liberalised the Foreign Direct Investment Policy not only for EU citizens but also for investors from third countries in most sectors of the economy.  Limitations related to the minimum level of investment and foreigners' participation percentage have been abolished, allowing for up to 100% equity participation in registering companies or acquiring shares in existing companies.  Administrative procedures have been simplified and measures have been taken to streamline the infrastructure regarding foreign investment, thus reducing the level of bureaucratic intervention and fostering improved economic activity.  Foreign companies now have the opportunity of investing and establishing business in Cyprus on equal terms with local investors and can make use of Cyprus double tax treaties.

Investment sectors include Research and Development (R&D), Information and Communication Technologies (ICT), Energy, Shipping, Banking and Financial Services, Education, Professional Services, Medical Services and others. In the field of Energy, it is advisable to make use expertise on Cyprus energy law of a Cyprus based Energy law firm to assist your investment.