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More foreign companies wishing to relocate to Cyprus, Interior Minister says
September 22, 2022
The adoption of a new strategy to attract businesses to the country has led to an “impressive increase of interest” from foreign companies to relocate to Cyprus, Interior Minister Nicos Nouris said on Thursday.
He added that in 2021, 5,475 applications were submitted, while until the end of August 2022, there have been already 7,883 applications.
Nouris, who was the keynote speaker at the VIII Best Legal Conference in Limassol, said that he was confident that the government’s initiatives and reforms “will create new opportunities for both existing and new businesses which intend to transfer their operations in Cyprus.”