REPUBLIC OF CYPRUS
Neoklis Silikiotis
Minister of Commerce, Industry and Tourism
It gives me great pleasure to introduce the 1
st
edition of the CYPRUS LAW DIGEST, which has
been prepared and published by NOMIKI BIBLIOTHIKI S.A. This is a compact, integrated guide that
can serve as a useful tool to any company and provide investors setting up a business in Cyprus
with up to date information about the Cyprus legal system.
Undoubtedly, European Union and Eurozone membership have further enhanced Cyprus’
attractiveness and its role as a business bridge for investments in Europe, Africa and Asia. This,
together with the attraction of foreign investments, have been one of the top priorities of our
Government.
We have in fact recently introduced a “Fast Track Mechanism”, the intention of which is to
accelerate licensing procedures for investments deemed strategic to the Cypriot economy. This
measure is part of an overall effort by the Republic of Cyprus to create an attractive business
environment, so that investment becomes themain driver for economic growth and development.
The “Fast Track Mechanism” will include accelerated administrative mechanisms, aiming to
implement investments in a transparent way and to benefit the Cypriot economy and society.
I am confident that the CYPRUS LAW DIGEST will effectively serve these objectives and will
prove a valuable source of information to investors.