CYFA

CYFA: Empowering Cyprus as a Gateway to Global Business

CYFA, the Cyprus Fiduciary Association, is the key representative of fiduciary service providers on the island. “Our main objective,” says President Costas Christoforou, “is to uphold high industry standards and promote Cyprus as a reliable business center.” The Association works in close cooperation with government entities, regulators, and private sector professionals, assisting members maintaining compliance with evolving legislation.

Strengthening relationships in the Gulf region, with a focus on the UAE, stands high on CYFA’s agenda. “We see immense potential for collaboration with investors from the GCC,” Christoforou explains. “One of our targets this year is to raise awareness of Cyprus’s unique benefits—its advanced legal framework, cost-competitive environment, and strategic position as a gateway to the EU.”

Looking ahead, CYFA aims to further highlight Cyprus as a headquarters location for Middle East businesses. “Cyprus is not just for those seeking to invest locally—it’s a hub for global operations,” Christoforou adds. “Our well-educated workforce, modern infrastructure, and business-friendly tax regime offer a competitive advantage to companies looking to expand.”

With the introduction of electronic procedures and residency incentives such as the 60-day rule, Cyprus stands ready to facilitate easy setup and operations. “We invite our Gulf partners to explore the opportunities here,” Christoforou concludes.