Invest Cyprus pitches island as base for international financial services at London event

London, United Kingdom. Invest Cyprus promoted the island as a base for international financial services at an event this week for investors, wealth managers and family offices. Chairman Evgenios Evgeniou said Cyprus was attracting institutions seeking to serve wider international markets.

Focus on financial services

Held for the second time at the Financial Times offices, the event focused on institutions considering Cyprus for back-office operations, family offices and wealth management activities. Companies already established on the island were invited to discuss their experience of investing and expanding there.

“Cyprus has transformed. It is now an attractive and secure base for international financial organisations, wealth management companies and family offices,” Evgeniou told the Cyprus News Agency.

Workforce and investment case

Evgeniou said Cyprus sought to compete through its legal and regulatory framework, tax environment, quality of life and a relatively straightforward relocation process for companies and employees. He said international firms could recruit qualified Cypriot professionals and bring specialist staff from abroad.

The arrival of foreign companies and skilled professionals over the past four years had become an important part of economic growth, he said. “We are one of the fastest-growing economies in the European Union, with an A investment-grade rating. Cyprus offers stability and security in a geopolitically complex region,” he added.

Evgeniou said the central message to British and international investors was that “Cyprus has transformed.” The discussion comes as financial services companies reassess where to locate operations amid cost pressures, talent shortages and geopolitical uncertainty.