President Christodoulidis Spearheads A New Era
In a decisive move to bolster the country’s business landscape, President Nikos Christodoulidis announced in December 2024 the establishment of the Center for Business Facilitation – a dedicated one‐stop shop designed to streamline government services for both Cypriot and foreign investors. Officially inaugurated in May 2025, the center is set to redefine business engagement in Cyprus.
Strategic Consolidation of Services
Positioned as a central hub for enterprise support, the center consolidates multiple public services under one roof. This innovative approach promises to eliminate bureaucratic hurdles and deliver a coordinated service experience, thereby enhancing the competitiveness of Cyprus on the global stage. The initiative reflects the country’s commitment to providing timely responses to investor needs and rectifying long-standing operational inefficiencies.
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Partnership With The Federation Of Employers And Industrialists
Supporting this transformation is the influential Federation Of Employers And Industrialists (OEβ), which showcased the center’s comprehensive suite of services during an informational session on December 15, 2025. According to the federation, the center stands as a critical tool in driving business development and competitive advantage through improved service delivery across public agencies.
Integrated Service Offering For Investors
The Center for Business Facilitation operates through a unique public partnership model. It incorporates the Business Support Unit (BFU) of the Ministry of Energy, Commerce and Industry alongside the Strategic Development Unit (TSA) from the Department of Urban Planning and Housing. Additional dedicated contact points are provided by various regulatory bodies, including representation from Invest Cyprus, ensuring a fully coordinated mechanism for investment licensing and information dissemination.
A Comprehensive Suite Of Services
The center offers a wide range of services designed to accompany businesses throughout their lifecycle. Key offerings include:
- Tailored information and personalized guidance
- Registration in the Register Of Companies With Significant Foreign Ownership
- Support in the implementation of energy projects via the Single Energy Projects Service
- Access to the Unified Service Center (UKC Cyprus)
- Licensing for strategic development projects as outlined under Law No. 84(I)/2023
End-to-End Business Information Platform
Beyond service facilitation, the center provides integrated information covering all stages of the business lifecycle, including:
- Business Planning and Launch
- Operational Management and Growth Strategies
- Financing Solutions
- Exit Strategies
Additionally, detailed guidance on regulatory licensing is available for sectors ranging from industrial setups, retail trade, education, healthcare, to tourism and cross-border services.
Registration And Investment Criteria
The center also outlines the eligibility criteria for inclusion in the Register Of Companies With Significant Foreign Ownership. To qualify, a business must meet specific conditions such as:
- Majority share ownership by non-Cypriot nationals
- Public companies listed on recognized stock exchanges
- Certain sectors including maritime, high technology, innovation, biogenetics, and biotechnology
Furthermore, companies are required to maintain independent office spaces within Cyprus separate from residential zones, along with an initial investment of at least €200,000.
Priority Sectors For Strategic Development
The center gives priority to monitoring licensing progress for projects in key strategic sectors. These include projects that have secured or are in the process of securing government or EU financing, renewable energy and energy storage projects, critical infrastructure developments under the Decadal Transmission System Plan, and initiatives in the manufacturing and data center infrastructure sectors.
By consolidating these services under one cohesive framework, Cyprus is positioning itself as a leading destination for global investment and business excellence.
