As global markets evolve and geopolitical dynamics reshape economic priorities, Cyprus finds itself uniquely positioned to deepen its role as a trusted transatlantic partner.
In this interview, the President of AmCham Cyprus, Marios Kapiris, presents a forward-looking view of the opportunities, reforms and initiatives that will define Cyprus-US cooperation through 2026 and beyond.
Which areas of Cyprus-US cooperation have the greatest untapped potential and how can AmCham help?
It is particularly encouraging for AmCham Cyprus that this cooperation extends beyond political and diplomatic engagement, fostering a consistent upward trend in investment by US-affiliated companies across various sectors, including energy, technology, healthcare and transportation. We are also witnessing a rise in the number of US companies relocating their operations to Cyprus, further reinforcing the longstanding presence of American organisations on the island. Significant room for expansion exists in technology and cybersecurity, where Cyprus’ regulatory maturity and strong technical talent position it as a trusted base for US digital operations, cybersecurity services and AI-related initiatives. Energy and climate innovation represent another major opportunity, with Cyprus able to function as a regional testing ground for clean-tech pilots, offshore services and maritime decarbonisation solutions at a time when global shipping and logistics are undergoing profound sustainability transitions. Equally important are education, research and talent development. Strategic partnerships with US universities can lead to joint laboratories and advanced programmes in fields such as AI, maritime technology, cybersecurity and life sciences, elevating Cyprus into a regional innovation hub. Across all these areas, AmCham Cyprus plays a connecting role – strengthening B2B networks, aligning standards and preparing local companies to compete on a global scale.
What policy reforms would most boost US investment in Cyprus?
Despite the substantial progress achieved in recent years regarding diplomatic, economic and investment relations, significant potential remains for further enhancement. In particular, finalising the US Visa Waiver Program, when combined with other strategic measures, will streamline investment flows and deepen bilateral relations. These additional priorities include modernising the double tax treaty, which has remained unchanged for over 40 years. While challenging, recent precedents involving smaller countries suggest feasibility, and both administrations recognise the importance of strengthened banking and legal sector integrity to address reputational concerns and promote economic growth. Another priority is improving air connectivity and tourism through the establishment of direct flights and concluding a bilateral Social Insurance Benefits Transfer Agreement, which would allow American businesses to deploy personnel to Cyprus without incurring dual social security costs – an essential step given Cyprus’ ambition to serve as a regional investment hub. Finally, student exchange and internship programmes to provide opportunities for students and graduates of institutions in both countries should be established. Combined with fast-track licensing and regulatory clarity, these reforms would position Cyprus as the ideal US entry point into the EU market.
How can Cyprus balance its EU obligations with deeper engagement with the United States?
There is no conflict between Cyprus’ EU commitments and its desire to deepen US ties. EU membership is a strategic asset for US companies looking for stable, compliant access to European markets. Cyprus can serve as the place where American firms interpret and implement EU rules on cybersecurity, sustainability, AI governance and data protection. In parallel, Cyprus can channel regional priorities into broader EU-US dialogues and be a bridge of trust between the United States, Europe and our wider region
Amid global tariff uncertainty, how agile must Cyprus be and what role can AmCham play?
Global trade is becoming more unpredictable, with tariffs, sanctions, export controls and regulatory tools increasingly shaping economic outcomes. In this landscape, agility is not optional – it is a strategic necessity. Cyprus must diversify and fortify sectors less vulnerable to tariff fluctuations, including digital services, cybersecurity, professional consulting, maritime technology and the creative industries. These sectors depend on innovation and intellectual capital, making them resilient to external shocks. But agility is also about anticipation. Cyprus must monitor evolving US, EU and international regulatory trends, ensuring that businesses can quickly adapt to new compliance standards, market conditions or trade restrictions. This includes strengthening local capabilities in digital trade, supply chain transparency and export controls. AmCham plays a vital role by helping companies navigate these complexities: interpreting emerging transatlantic regulations, offering sector-specific briefings, expanding business networks and supporting diversification into resilient value chains. In essence, agility is becoming the backbone of economic security and AmCham equips Cypriot and American companies with the insights and partnerships needed to thrive in this environment.
How does security cooperation intersect with economic and business interests?
Security cooperation between Cyprus and the United States directly strengthens economic stability and investment attractiveness. Improved collaboration in port security, maritime monitoring, cyber resilience and critical infrastructure protection creates a trust premium – the kind of certainty global investors look for. It also opens commercial opportunities in cybersecurity, satellite services, AI-enabled monitoring and other dual-use technologies. Cyprus’ strategic geography and political stability make it an ideal integration and testing hub. By promoting compliance excellence and fostering partnerships, AmCham transforms this strategic trust into tangible economic opportunity.
What can you tell us about initiatives that you intend to launch in 2026?
In May 2026, AmCham Cyprus will host a major two-day conference entitled “Strategic Corridors & Alliances: Transatlantic Cooperation & Europe’s Global Connectivity.” Under the auspices of the Cyprus Presidency of the Council of the European Union, this event will bring together leaders from the EU, the Eastern Mediterranean and the Transatlantic community. Its goal: advancing coordinated solutions in energy, digital services, defence cooperation, economic security and financial services expansion. Then, in October 2026, AmCham – together with the Cyprus Chamber of Commerce & Industry and Invest Cyprus – will co-organise a Cyprus-US Business Forum in the United States. The Forum will showcase Cyprus’ strengths in the digital infrastructure and high-growth technology sectors, energy transition, defence-related innovation and supply chain resilience Together, these two flagship events will establish a dual-track platform that deepens economic diplomacy and strengthens long-term transatlantic partnerships. Cyprus stands ready to serve as a trusted, stable and innovative gateway between the United States and a rapidly evolving region.
This interview first appeared in the February edition of GOLD magazine. Click here to view it.
