CYFA sets new targets to upgrade Cyprus administrative services sector

Nicosia, Cyprus. The Cyprus Fiduciary Association (CYFA) announced new targets and actions to upgrade the administrative services sector, with an emphasis on strengthening Cyprus’ international image as a reliable business centre.

Targets and strategic objectives

CYFA president Costas Christoforou and director general Christoforos Ioannou briefed the media on the association’s work and mission. They outlined strategic objectives for the coming period focused on further enhancing the quality and reliability of administrative services in Cyprus.

Best practices and compliance

The association said it aims to promote best practices and high standards of compliance across the sector.

Cooperation with authorities

Another priority is strengthening cooperation between CYFA and competent authorities and institutions in Cyprus and abroad.

Education and professional development

The strategy includes investment in education and professional development for practitioners active in the sector.

Media dialogue and international reputation

Christoforou stressed the importance of dialogue with the media and their contribution to proper and objective public information about the role and significance of the administrative services sector in the Cypriot economy. Ioannou said the association remains committed to continuously upgrading the sector, promoting transparency, and reinforcing Cyprus’ international reputation as a credible business hub.

How do you think higher compliance standards could affect Cyprus’ standing as a business centre?