Invest Cyprus has signed a Memorandum of Understanding with the newly established Family Office Connect Cyprus (F.O.C.).
According to an Invest Cyprus social media post, the signing of the MoU marks "the beginning of a strategic partnership aimed at advancing Cyprus’ position in the global Family Office ecosystem."
"The memorandum underscores the importance of Family Offices in driving international investment and wealth management. Through this collaboration, Invest Cyprus and FOC will work together to promote Cyprus as a leading hub for Family Offices, attract foreign investment, advocate for a clear and efficient legal framework, and create new opportunities that will foster economic growth, innovation, and job creation," the post continues.
Commenting on the signing, the chairman of Invest Cyprus, Evgenios Evgeniou, pictured above left) noted that “Supporting Family Offices in Cyprus will further enrich the investment environment and strengthen our country’s position as a trusted global business & investment hub.”
The Chairman of F.O.C., Theo Parperis, pictured above right, added that “the MoU with Invest Cyprus marks the beginning of our collaboration for the promotion of Family Offices in Cyprus and for placing Cyprus on the international Family Office ecosystem. We thank Invest Cyprus for their support.”
"The collaboration reflects a further step in strengthening Cyprus’ business & investment environment and positioning the country as a competitive destination for global investors," Invest Cyprus' post concludes.
