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Established with a Council of Ministers decision in 2007, the Cyprus Investment Promotion Agency is a registered not-for-profit company limited by guarantee and fully funded by the Government of Cyprus. The Board of 12 Directors (10 from the private and 2 from the public sector) was appointed for an initial 4 year term.
Operating since January 2008, the Cyprus Investment Promotion Agency has a threefold mandate:
• To promote Cyprus as an attractive international investment center in key priority growth sectors
• To advocate reform in Cyprus required to improve the regulatory and business environment and infrastructure
• To provide investor support with after care and further development services
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