Cyprus is fast becoming one of the top emerging ICT and investment fund centres in Europe, offering unique access to high-growth markets.<\/p>\n
Cyprus\u2019 appeal as a leading EU business location for technology companies is gaining momentum. Its stable business environment and emerging opportunities in multiple sectors, strategic EMEA access, and excellent quality of life, are just a few of the many reasons that prompt ICT \/ Technology companies to choose Cyprus as a relocation destination. The government strategy and incentives for attracting foreign companies to relocate in Cyprus, the attractive Intellectual Property (IP) regime, as well as the favourable taxation for corporations and individuals will be presented in the conference.<\/p>\n
In the investment funds sector, Cyprus is determined to stay at the forefront of industry developments by continuously upgrading its legislative and regulatory regime. Cyprus has now evolved into a key regional domicile for setting up investment funds and establishing asset management companies for pan-European reach.<\/p>\n
Of particular interest is the recent order issued by India\u2019s Ministry of Finance specifying that the Republic of Cyprus is now classified as a \u201cCategory I\u201d country for the purposes of Regulation 5 (a) (aiv) of SEBI (Foreign Portfolio Investors) regulations. The said classification as \u201cCategory I Foreign Private Investor\u201d entails significant advantages in the manner in which business is to be conducted between the two countries with reliefs such as simplified Know Your Client (\u201cKYC\u201d) procedures required for business activities, enhanced trading limits and a new ability of Cypriot Funds to invest in Indian ODIs. This development signals new opportunities and creates prospects for further cooperation between the professionals from the two countries specializing in the Funds Industry.<\/p>\n
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