Invest Cyprus shared its results and plans for 2024 and 2025 at the Annual General Meeting on Friday, March 13, 2026. The results show that Cyprus is boosting its investment appeal, with foreign investments playing a big role in the economy. The Organization is key in attracting these investments and helping foreign companies grow.
In 2024, Cyprus had a fantastic year, with foreign direct investments hitting €8.5 billion, a rise of about 60%, making it second in the European Union and among the top ten worldwide for foreign direct investments per capita. Plus, €2.6 billion went into the technology sector (ICT), boosting the country’s growing tech scene.
Invest Cyprus helped this growth by securing over 70 quality investment letters of intent and promoting 12 major investments. More than 420 companies were also set up in Cyprus through the Business Support Centre.
A major highlight was the first detailed study on the economic impact of foreign investments, done by the Economic Studies Center at the University of Cyprus. The study found that new foreign investments add 3.3% to GDP and create 4% of jobs each year. It also noted that tech companies from foreign investments contribute 11% to GDP, showing how important these investments are for creating new economic sectors under the ‘Vision 2035’ action plan.
In 2025, an extensive international outreach program took place, including presidential trips to Canada, New York, and San Francisco, along with a high-level business visit from India with its Prime Minister. At the same time, important partnerships were formed, like the India-Greece-Cyprus Business and Investment Council and a Business and Investment Council between UAE and Cyprus. There was also a focus on strengthening ties among Greece, Egypt, and Cyprus.
During this time, Invest Cyprus supported around 800 existing and potential companies, greatly improving the country’s investment environment. For 2026, Invest Cyprus plans to focus on international promotion by teaming up with Financial Times and organizing events in London and New York to boost Cyprus’s presence in key markets. They are also preparing a business mission alongside the President’s official visit to India in collaboration with CCCI.
At the same time, Invest Cyprus is working to strengthen Cyprus’s defense industry through partnerships with companies from India, France, Italy, the UK, Spain, and others, working closely with the Ministry of Defense and private sector.
In this geopolitical climate, it’s crucial to send clear messages to the international business community. A coordinated communication effort will start soon with help from the Presidency, Ministry of Foreign Affairs, and private sector partners using international advisors from Invest Cyprus. The main message is that Cyprus is a safe and stable country.
At the Annual General Meeting, Invest Cyprus congratulated its new Board of Directors on their new roles. They expressed confidence that this team will help continue the Organization’s growth and improve Cyprus’s image as an investment destination. President of Invest Cyprus Mr. Evgenios Evgeniou said: ‘The Annual General Meeting is a great chance for reflection and planning. The results for 2024 and 2025 show that Cyprus is steadily improving its position on the global investment map. Invest Cyprus is vital in attracting quality investments and supporting international businesses while showcasing our country’s strengths. Congratulations to our new Board of Directors. I believe that with consistency and clear direction we will keep strengthening our mission.’
The Minister of Finance Mr. Makis Keravnos added: ‘Bringing in quality foreign investments is a key part of government policy. The results shared at the Annual General Meeting confirm that Cyprus is an attractive investment spot and highlight Invest Cyprus’s efforts in promoting our country abroad while helping investors boost our economy’s competitiveness. Sticking to a focused strategy with clear messages is essential for keeping this positive trend going.’
The Annual General Meeting reaffirmed Invest Cyprus’s commitment to enhancing the country’s investment environment by promoting reforms that improve business conditions and implementing initiatives that create lasting value for Cyprus’s economy. Invest Cyprus is officially tasked by the Republic of Cyprus with promoting investments to boost economic growth. Their mission is to attract quality foreign investments while supporting international businesses looking to operate in Cyprus as well as existing foreign investors so they can keep growing here. With transparency and efficiency providing comprehensive services Invest Cyprus acts as a strategic partner for every investor choosing Cyprus.
For more information: www.investcyprus.org.cy
