CIPA's Satisfaction for Cyprus Removal from 'Black List'

The Cyprus Investment Promotion Agency (CIPA) welcomes the decision of the Portuguese Ministry of Finance to remove Cyprus from the so-called "black list" of countries - Territories providing preferential and more favorable tax regimes.

Indicating that this development further consolidates the position of Cyprus in the international investment map and opens the way for the advent of new investments, notes that Portugal is the second country after Italy, the last twelve months, making the removal of Cyprus from the so-called "black list".