TRADE RELATIONS
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CYPRUS TRADE CENTRE operating in Warsaw since January 2006, has a formal status of the Department of Economic & Commercial Affairs of the Embassy of the Republic of Cyprus in Warsaw. It is one of the eleven foreign agencies of the Cypriot Ministry of Commerce, Industry and Tourism which are responsible for the implementation of the tasks of the department in the field of economic promotion of Cyprus on the international arena.
Main tasks of the CENTRE include:
- Promoting and representing Cyprus’ business interests on the Polish, Lithuanian, Latvian and Estonian markets,
- Stimulating the growth of mutual trade mainly through promoting, informing and creating favourable conditions for entering the Polish, Lithuanian, Latvian and Estonian markets with Cypriot export goods and services,
- Encouraging Polish, Lithuanian, Latvian and Estonian entrepreneurs to learn about the business environment of Cyprus and to take advantage of investment opportunities offered there,
- Monitoring trends and development in bilateral trade.
We fulfil our tasks by:
- Establishing and maintaining direct, daily contacts with the Polish, Lithuanian, Latvian, Estonian and Cyprus business circles,
- Preparing comprehensive business and economic information and providing them to potential and interested Polish, Lithuanian, Latvian and Estonian and Cypriot partners,
- Initiating and facilitating B2B contacts,
- Active participation in fairs and exhibitions held in Poland, Lithuania, Latvia and Estonia,
- Organizing bilateral business missions and meetings,
- Maintaining databases,
- Cooperation with Polish, Lithuanian, Latvian, Estonian and Cypriot economic self-government institutions,
- Cooperation with Polish, Lithuanian, Latvian and Estonian economic press and specialized electronic media,
- Analyzing selected Polish, Lithuanian, Latvian and Estonian industry verticals,
- Preparing and issuing own promotional and information materials.
For further information please visit the website of the CYPRUS TRADE CENTRE: www.cyprustrade.pl
Cyprus Trade Centre in Warsaw
ul. Jarosława Dąbrowskiego 70
02-561 Warszawa
Poland
Tel: +48 22 854 01 77
Fax: +48 22 854 01 80
e-mail: ctc@cyprustrade.pl
PSC Cyprus
Within the scope of harmonization with the Services Directive, the Ministry of Commerce, Industry, and Tourism has established the Point of Single Contact (PSC Cyprus) in order to facilitate the establishment of businesses in the services sector and the cross border provision of services within the internal market.
The PSC Cyprus Portal (www.businessincyprus.gov.cy) provides information regarding:
- administrative procedures and formalities required for the access to, and exercise of, service activities that fall within the scope of the Services Directive, either through the establishment of a business or through the cross border provision of services, (http://www.businessincyprus.gov.cy/mcit/psc/psc.nsf/permits_en/permits_en?OpenDocument#H);
- horizontal procedures and formalities for setting up of a business in the Republic of Cyprus, such as income tax registration, VAT registration, Social security registration, and Registration of Companies; (which go beyond the scope of the Services Directive and are included in the PSC Charter for second generation PSCs.)
- a wide range of matters such as the business environment, investment environment, taxation system, labour regulations, environmental regulations, Cyprus in general;
- direct links to the Point of Single Contacts as well as contact information of Cyprus Trade Centers and Embassies in Europe;
- competent authorities providing assistance to service recipients (ECC Cyprus, Consumer Protection Service, Solvit, Consumer Protection Associations etc).
In parallel, through the PSC Cyprus Portal, online submission of application forms as well as tracking of ongoing administrative procedures is offered for a number of registrations/authorizations, related to:
- the establishment of a business, such as Taxpayer’s Registration or Social Insurance Scheme Registration;
- the access to and exercise of service activities, such as the establishment of a catering establishment or the engineering science practice;; and
- the temporary provision of services across border, such as the temporary provision of veterinarian services.
Notably, the PSC Cyprus is located within the premises of the One-Stop-Shop, which has been established in order to reduce considerably the time needed for setting up a business.
Specifically, the following services are offered to businessmen/investors:
- provision of information/guidance to businessmen/investors for establishing businesses in Cyprus;
- registration of companies to the Registrar of Companies and Official Receiver;
- registration of partnerships to the Registrar of Companies and Official Receiver;
- registration of trade names to the Registrar of Companies and Official Receiver;
- registration of European companies (SE) to the Registrar of Companies and Official Receiver;
- registration of branches to the Registrar of Companies and Official Receiver;
- VAT Registration for legal and physical persons;
- Taxpayer´s Registration for legal and physical persons.
15.06.2020INVESTMENT OPPORTUNITIES IN CYPRUS WITHIN TOURISM AND HOSPITALITY INDUSTRY (TOURINVEST)
Invest Cyprus as the Investment Authority of the Government (CIPA), dedicated to attract and facilitate foreign direct investments into Cyprus, is delighted to introduce its new initiative named "TourInvest" which aims to promote investment opportunities within the local tourism and hospitality industry.
The TourInvest Unit aims to achieve the targets set by our National Tourism Strategy to turn Cyprus to a quality all year round destination. Efforts are focusing on attracting multi-million investment into large-scale infrastructure projects under the objective to diversify Cyprus’ touristic product and therefore, investment into thematic areas, such as nautical tourism, cultural tourism, sports, conference, health, and wellness, and agrotourism.
TourInvest acts as the first point of contact to international investors, and provides valid and useful information on projects of their interest. Part of this initiative, is to create a Project Bank with all investment opportunities that are available in the hospitality and tourism sector in Cyprus. In addition, we have proceeded with the creation of a new website, and have incorporated a specific section dedicated on available projects linked to the unit's Project Bank (www.tourinvestcyprus.org.cy) with the necessary and reliable support information.
Further information or assistance can be provided by the Head of the TourInvest Unit, Ms Stephanie Panayi at spanayi@investcyprus.org.cy or +357 22441133.
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