The Cyprus Developers Association has expressed support for the government’s updated draft law establishing a national mechanism for screening foreign direct investment (FDI), emphasizing its importance in strengthening transparency, increasing trust and aligning with European standards.
The Association’s official statement notes that Cyprus will finally receive a modern and clear legal framework that ensures the protection of national security and public order when attracting foreign investment. It also emphasizes that the new regulations should not diminish the country’s attractiveness as an investment destination.
According to the Association, the implementation of transparent procedures and clear mechanisms for evaluating foreign investment is key to building trust among international investors. This, in turn, further promotes Cyprus as a reliable and modern investment destination.
Special attention was given to the concept of “quality investments,” defined as investments that have a positive impact not only on economic growth but also on the progress of society as a whole. The Association believes that such investments should be a priority.
The Association’s Director General, Mersina Isidorou, noted that the organization represents the interests of companies operating in one of the key sectors of the Cypriot economy—residential real estate. She stated that the Association supports any initiatives aimed at increasing the country’s competitiveness and actively participates in public debates to develop a comprehensive and effective regulatory framework.
It is also emphasized that the implementation of the new mechanism should not only enhance transparency but also strengthen Cyprus’s investment potential in the long term. The Association continues to closely monitor the situation and calls for constructive dialogue between government agencies and private sector representatives.
