Cyprus can become the new funds jurisdiction

19 Oct 2015

The Cyprus Finance Minister Harris Georgiades has expressed his conviction that Cyprus has the basic ingredients that will allow it to become a competitive and credible centre for the global funds industry.  Addressing a Cyprus Funds pre-Summit dinner, on Thursday October 8,  in Nicosia, the minister pointed out that the Summit is a landmark event, confirming the joint aspiration of the government and the industry to place Cyprus on the global funds industry map.

Mr. Georgiades said that Cyprus is going through a phase of economic transformation, stressing that “for the past two and a half years we have been working hard to consolidate our public finances and we have indeed been able to completely eliminate the deficit whilst retaining the attractiveness of our tax regime”.

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