Filenews 25 August 2025
Cyprus' accession to the Schengen zone is not only a decisive step for the country's European integration, but also a powerful lever for development, according to the Association for Large Developments. This development, as it is emphasized, will strengthen the confidence of the international business community, making Cyprus a safe and stable investment destination.
Benefits of Schengen membership
Schengen membership will mean the abolition of controls at the EU's internal borders, facilitating the movement of people and goods. This will improve the daily lives of citizens and businesses, and for the EU it will strengthen the security of the external borders. The Cypriot economy is expected to become more competitive, with an increase in extroversion, investment confidence and the possibility of strategic partnerships.
National strategy and investment climate
Despite the benefits, the Association emphasizes the need for a comprehensive national strategy that promotes healthy and sustainable growth, offering incentives to foreign investors. Crucial factors are considered to be e-government, the green transition, the modernization of the tax system, the acceleration of licensing and the rapid administration of justice.
Housing and infrastructure
Addressing the shortage of housing units and strengthening infrastructure are necessary prerequisites for large companies to choose Cyprus for headquartering. The increase in the building coefficient in specific areas and the acceleration of licensing procedures are considered key moves to attract investments.
Cyprus as a regional centre
The Association of Large Developments underlines that investments create new jobs, enhance innovation and support the Cypriot economy. The aim is to make the country a modern regional business center and an attractive investment destination, with policies that ensure long-term competitiveness
