Insider Business Invest Cyprus holds business lunch in Tokyo

Invest Cyprus holds business lunch in Tokyo

The Cyprus Investment Promotion Agency (Invest Cyprus) held a business lunch in Tokyo on Monday in the presence of the Shipping Deputy Minister to the President, Natasa Pilides and representatives of Cypriot professional services companies.

This initiative is part of the Agency’s mission to promote Cyprus as an investment destination and business centre, and within the context of the key priorities set to systematically target and penetrate new promising markets, such as Southeast Asia and the Far East.

Senior executives from some of the largest Japanese firms attended the lunch and were informed about the advantages Cyprus offers for headquartering, such as access to the EU market and the nearby region, an attractive tax system, low operational costs, high-quality services and a high quality of life.

Addressing the lunch, the Shipping Deputy Minister, Natasa Pilides, referred to the long-standing close relations between the two countries, highlighting that they have been upgraded to a large extent in the last years. The recent opening of the Japanese Embassy in Cyprus and the impending opening of the Cypriot embassy in Tokyo are testament to the mutual commitment to strengthen and further deepen the  bilateral relations between the two countries

The Director General of Invest Cyprus, George Campanellas, presented the country’s advantages as an investment destination, highlighting the positive outlook of the Cypriot economy as well as the dynamic growth of both traditionally strong sectors such as tourism and shipping as well as new emerging sectors, such as investment funds and technology. Special emphasis was placed on presenting the prospects of the energy market, while attendees showed interest both in renewable energy projects and the hydrocarbon explorations in the Cypriot EEZ and the wider Eastern Mediterranean region.

A panel discussion, coordinated by Nicolas Theocharides, board member of Invest Cyprus, focused on Cyprus’ prospects as an alternative European base for Asian companies, highlighting both general tax incentives and sectoral incentives, particularly in the shipping, investment funds, and in the IP regime areas. Speakers included representatives of professional service providers such as K. Treppides & Co Ltd, KPMG Cyprus and PwC Cyprus. Furthermore, the Cypriot business environment was presented in detail in private meetings with potential investors, during which investment opportunities in a wide range of sectors were highlighted.

Invest Cyprus has placed the Southeast Asian and the Far-East markets high on its list of priorities, as they have enormous potential, even though they have not been adequately explored until now. To this end, Invest Cyprus is planning a series of initiatives to target these markets in the immediate future.

Top Stories

Larnaca Airport reopens Tuesday with flights to Athens, Sofia, Tel Aviv

  Larnaca Airport reopens on Tuesday with five arrivals and five departures to and from Athens, Sofia and Tel Aviv as Cyprus takes a further...

Two women in custody in €1.3 m forged payment orders case

  Two women, an accountant and an assistant accountant at a Limassol firm, were remanded in custody for eight days on Saturday as police investigate...

Anastasiades: Aggressive Turkey should be stripped of EU candidate status

  Ιf Turkey doesn't dial down its aggression in the Eastern Mediterranean, it should lose its status as a candidate for EU accession, President Nicos...

Suspected burglar arrested, valuables found

  A burglary suspect first attempted to avoid arrest but later informed police about a hiding place where they found jewellery and watches. Police said that...

86.5% of Cyprus’ coronavirus cases have recovered (infographics)

  A total of 808 of Cyprus' 958 coronavirus cases -- or 86.5% have recovered according to the latest update released by the Health Ministry...

Taste

Poulles (Υoung kolokassi)

Either you thrash the coriander seeds in a mortar, without making them into dust, or you gradually crush them in a blender. Remove the edges...

Pork cooked in wine

Crush the coriander seeds in a pestle and mortar or pulse-blend in a blender, taking care not to over-grind. Put the meat in bowl (not...

Lefkaritikos tavas – O ‘protinos’

Wash and dry the meat and rice separately. In a ‘tava’ (oven proof deep clay pot) first put a layer of five-six pieces of meat...

Local cuisine: An introduction

Rich in fresh ingredients and tasty herbs, offers the very best of Mediterranean culinary delights. Head out to a tavern and feast on a...