Cyprus’ tight deadline on investments

Cyprus faces an end-2024 deadline to align with the European regulation governing large foreign investments.

Parliament aims to review and enact the relevant legislation alongside budget discussions, but time constraints mean a decision must be reached by the final plenary session.

During a recent Finance Committee meeting, all invited parties expressed support for regulating foreign investments. However, they emphasized that controls should be carefully implemented to avoid excessive bureaucracy that could deter investments.

One sticking point raised in the discussion is that the current draft lacks a financial threshold for when state oversight of foreign investments should begin. The draft allows oversight from the first euro invested, which stakeholders argue is impractical. Its timing coincides with recent acquisitions of private hospitals by investment...