Cypriot entrepreneurs have recently visited Hong Kong to promote the Mediterranean island as a transparent business centre offering opportunities for investment across a wide range of sectors.
As Phileleftheros already reported, a Cypriot businessman active in land development was behind this month’s initiative to promote the EU-member state to Hong Kong.
The recent often-violent protests in the former British colony which continued for weeks have created extreme nervousness among foreign investors.
And Cypriot entrepreneurs have taken advantage of this to promote Cyprus to Hong Kong whose legal framework is just like Cyprus’ giving the Mediterranean island an added advantage.
In addition, sectors such as real estate, construction, investment funds, energy, education and health are strong bastions of the economy of Cyprus paving the way for the attraction of foreign investment.
The aim of the business delegation, under the umbrella of Invest Cyprus, was to convince investors and large companies to relocate their headquarters to Cyprus. Because it is situated at strategic crossroads between the Middle East, North Africa and Europe, they explained.
Delegation members have said that the interest of foreign investors mainly focused on the real estate sector in combination with the Cyprus investment for citizenship scheme on offer. One also said that the attraction of the Cypriot passport was big. And that potential investors were also asking about the state of play of the education system in Cyprus.
Invest Cyprus board chairman Michalis P. Michael, head of Cyprus investment funds (CIFA) Angelos Grigoriadis and the entrepreneur who took the initiative for the trip gave out presentations attended by some 150 potential investors.