Exxon, Qatar Petroleum awarded Block5 gas rights - The Council of Ministers approved on Thursday the licensing of block 5 of the Cyprus EEZ to the of ExxonMobil Exploration and Production Cyprus Limited and  Qatar Petroleum International Upstream LLC consortium. In statements after the Cabinet meeting, Energy, Commerce and... more

Cyprus Tax News - Cyprus Action Plan for attracting companies to operate or expand their activities in Cyprus. On 15 October 2021 the Cyprus government presented its Action Plan for attracting companies to operate or expand their activities in Cyprus, in an attempt to make the island a Susta... more

Action Plan for attracting companies to Cyprus - The incentives given include housing and employment, taxation, simplification and digitization of procedures, as well as promoting the country as an attractive investment destination.The Plan enters into force on January 1, 2022. Emphasis is given in areas related to, Technol... more

Fostering Effective Creativity & Innovation - Since joining the European Union in 2004, Cyprus has successfully raised its profile in Research, Science and Innovation. Now this ambitious island has set its sights on becoming a regional hub for innovative entrepreneurship. By supporting the commercialisation of research ... more

Changing the Face of Cyprus - Natasa Pilides, Minister of Energy, Commerce & Industry, discusses the green ideas that will receive the lion’s share of public funding in Cyprus’ effort to help head off a catastrophic rise in global temperatures, details the efforts being made to remove the bottlenecks i... more

Changing the Face of Cyprus - Natasa Pilides, Minister of Energy, Commerce & Industry, discusses the green ideas that will receive the lion’s share of public funding in Cyprus’ effort to help head off a catastrophic rise in global temperatures, details the efforts being made to remove the bottlenecks i... more

Grand Hyatt Limassol to open 2025 - Hyatt has announced that a Hyatt affiliate has entered into a management agreement with Anolia Holdings Limited for the first Hyatt hotel on the island of Cyprus, Grand Hyatt Limassol.With a prime beachfront location on the southern coast of the island and 300 bold, light-fill... more

New Cyprus Residency rules - Cyprus has always been considered as an ideal destination for Permanent Residence by Non-EU Nationals. The Cypriot Government, in an attempt to further attract foreign investment to the island and to help economic recovery and further economic growth, recently announced certai... more

Cyprus becoming European hub for Medical Tourism - Recognised as the best country in Europe for handling the pandemic, Cyprus is pinning its economic recovery on expanding medical tourism and becoming a European hub for patients rehabilitating from surgery and illness. The Cyprus government has pegged medical tourism as one o... more

A place to Invest. A way to Thrive. - Watch a video prepared by WTC Cyprus associates, Invest Cyprus (Cyprus Investment Promotion Agency).  This is a two-minute video highlighting the benefits of investing in Cyprus a continuously upgrading and diversifying island. A location that has been evolving into a renow... more