Demetris Phellas

The Cyprus Investment Promotion Agency is dedicated to attracting and facilitating foreign direct investment into Cyprus. The private company is based in Nicosia, Cyprus. The country boasts a favorable tax regime and a modernized business environment that is adapted to the needs of both local and international companies. The tourism and hospitality industry is one of the largest economic sectors in Cyprus, contributing close to 15%% of the Gross Domestic Product. The country is fast becoming a leading investment fund center in Europe, offering direct access to key markets. Cyprus is a well-established financial center in the Eastern corner of the Mediterranean, connecting to high-growth markets. The investment funds sector in Cyprus is becoming one of the leading high-growth fund centers in Europe, with great advantages for foreign investments. The country has the youngest population and workforce in the European Union, with 55%% of the group having a tertiary education degree, one of the highest in Europe. The CEO of the Cypriot company is George Campanellas.