Insider Business Invest Cyprus eyes Southeast Asia because of Brexit

Invest Cyprus eyes Southeast Asia because of Brexit

With Brexit insecurity rising by the day, Invest Cyprus have launched a campaign to attract investment from far away but promising economy countries from Southeast Asia, informed sources told Insider.

That’s why after the recent visit to Hong Kong by Invest Cyprus representatives accompanied by a business delegation they are now getting ready to explore Singapore as well as Malaysia, Vietnam and Indonesia.

The Cypriot mission sees tremendous investment opportunities from these countries which, up to now, they all had the United Kingdom as their gateway to the European Union, an Invest Cyprus official told Insider.

However, with the UK leaving the EU there is now a window of opportunity for Cyprus to attract investors from these countries. The strongest incentive the Mediterranean island has is that Cyprus is governed by English law which is clearly more attractive to entrepreneurs from these countries in comparison with other European countries.

What Invest Cyprus primarily want and seek to attract are  investment funds as well as the transfer of corporate headquarters to Cyprus, the same official also said.

“We emphasize that technology companies can only benefit from the friendly investment environment of Cyprus on the one hand and for Cyprus, itself, to benefit from the know-how transfer,” the official added.

Other  advantages Cyprus offers to potential investors are its low tax rates and low cost of living compared to other European cities such as Dublin and Luxembourg.

 

Read more:

https://in-cyprus.com/invest-cyprus-promotes-cyprus-film-industry-at-berlinale/

 

 

 

Top Stories

UPDATE- Twenty-five new coronavirus cases today out of 2,950 tests total

According to an update the Ministry's Epidemiological Surveillance Unit has received it is announced that 10 additional new cases of the SARS-CoV-II virus were...

Bag snatcher caught red handed thanks to observant woman

A 22-year-old foreigner was arrested on Friday for snatching the bag of a 63-year-old foreign woman in a restaurant in Paphos. The theft was...

Fire in two adjacent houses in Fterikoudi under control (photos)

A fire broke out in two adjacent houses in Fterikoudi village in Nicosia a little before 2 pm on Saturday causing extensive damage. According to...

Man, 26, arrested for causing malicious damage to antennas

Police arrested a 26-year-old man on Saturday afternoon in connection with cases of attempted arson and causing malicious damage to antennas of mobile phone...

Fifteen new coronavirus cases detected out of 2,891 tests

The Ministry of Health has announced that 15 new cases of the SARS-CoV-II virus were detected in Cyprus over the past 24 hours out...

Taste

Swordfish with aubergines

To toast the sesame seeds: place sesame seeds in a small non-stick frying pan over low heat and stir until you begin to smell...

Chicken with okra and bulgur wheat

Heat the oil in a pan and sauté the okra until golden. Remove the okra, lay out in an oven tray and sprinkle with...

Ravioli

Just a little before serving, heat the broth and add the ravioli. (If the ravioli is frozen you don’t have to defrost). Heat them...

Seafood kebab with avocado salad

Place the mussels, shrimps and salmon in a bowl together with tarragon and lemon zest. Season and cover, keeping in the fridge for 15...