Major firms eye Cyprus as European HQ

President Nikos Christodoulides received a delegation from the Cyprus Securities and Exchange Commission (CySEC) at the Presidential Palace on Monday to receive its 2023 annual report. The meeting highlighted Cyprus' rising prominence in the financial sector and ongoing efforts to enhance economic competitiveness and financial literacy.

CySEC Chairman Dr George Theocharides emphasized the steady growth of Cyprus' capital market. He noted progress in prudential supervision and the readiness to adopt new European directives, including a major regulation for the cryptocurrency sector set to take effect in January.

Theocharides also revealed that large multinational companies are showing interest in establishing their European headquarters in Cyprus. This development, alongside reforms in the investment fund sector, represents a promising economic opportunity. The...