Nicosia, Cyprus. Ruslan Adilbaev, founder and owner of ELIDI Securities Ltd, said Cyprus’s competitiveness for international investors is driven by tax efficiency, EU regulation and the country’s human capital and quality of life.
Background and business profile
Adilbaev has more than a decade of experience in foreign direct investment and over 15 years in securities markets. He has been the founder and owner of ELIDI Securities Ltd since 2016, overseeing the growth of a Cyprus-based, EU-regulated brokerage serving international investors, family offices and entrepreneurs seeking access to European markets.
He said he arrived in Cyprus ten years ago and has observed the island’s development into a hub for technology firms, high-net-worth individuals and cross-border capital flows.
Competition with other EU jurisdictions
Responding to a question about the growth of the tech and family office sectors in Limassol and Nicosia and how Cyprus compares with hubs such as Luxembourg or Malta, Adilbaev cited several factors.
He said tax efficiency includes a corporate tax rate within the European Union, incentives for newly arrived non-domiciled residents, and an extensive network of double taxation treaties.
He also pointed to European regulation and clearly defined rules, saying this creates predictability valued by international investors.
Workforce, living standards and location
Adilbaev said Cyprus’s human capital, quality of life and geographic location contribute to its appeal. He described Limassol as an international hub attracting professionals from the CIS, Europe and the Middle East, and said it offers opportunities to run a business and build a life.
He added that Cyprus has changed significantly in the past five years and said his business has been part of that period of change over the last decade.
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