Business Facilitation Unit

General Information

The Council of Ministers approved on October 15th 2021, the “Strategy for Attracting Businesses for Activities or/and Expansion of their Activities in Cyprus”.

The Strategy is a very important initiative towards attracting both international investments and talent. It includes a series of actions and reforms in several areas of intervention, aiming to enhance Cyprus’s position as an international high-growth business centre.

The careful and thorough planning ensures that the benefits derived from the successful implementation of the Strategy will significantly contribute to redefining the Cyprus growth model.

As of 1 January 2022 the current “Fast Track Business Activation Mechanism” will evolve into the “Business Facilitation Unit (BFU)”. The Unit will be the single point o contact for foreign companies.