With broad cross-party agreement, the House Finance Committee has completed discussions on the bill concerning the screening of direct foreign investments. The bill is expected to reach the Plenary Session in three weeks.

>>New Screening Bill: What It Means for Foreign Investments in Cyprus<<

Following the meeting, Committee Chair and DIKO MP Christiana Erotokritou stated that the bill was submitted on July 10, examined since early September, and has now completed its committee stage. She emphasized that the new legislative framework provides Cyprus with a modern mechanism that balances investment attraction with national security.

“The Cypriot economy remains outward-looking and continues to attract foreign investment, but under clear rules that protect the public interest and national security,” Erotokritou added.

According to the framework, investors from third countries seeking to invest in critical infrastructure—such as energy, defense, health, telecommunications, land, and real estate—will undergo a review process aimed at safeguarding national interests and the country’s security.

Despite initial disagreements, discussions within the Committee ultimately led to consensus.

“With this spirit of convergence, the bill now moves to the Plenary under the best auspices, strengthening Cyprus’s profile as an attractive yet transparent and secure investment destination,” Erotokritou concluded.