Family Office Connect Cyprus (FOC) and the Cyprus International Businesses Association (CIBA) have signed a Memorandum of Understanding (MoU), marking an important step in their shared mission to enhance Cyprus’ standing as a competitive and forward-looking jurisdiction for international business and family office activity.
The collaboration focuses on advocacy, policy development, and ecosystem-building, with both organisations committing to work together to promote best practices, support investor confidence, and drive sustainable growth in the Cypriot economy.
Mr. Theo Parperis, Chairman of Family Office Connect Cyprus, emphasised the significance of the agreement:
“This MoU reflects our strong belief in Cyprus’ potential to become a global centre for family offices. Our cooperation with CIBA will amplify our advocacy efforts, help shape a modern regulatory environment, and create real value for the business community.”
Mr. Vassilios Demetriades, President of CIBA, highlighted the strategic importance of the partnership:
“CIBA welcomes this collaboration with FOC, an organisation that shares our commitment to improving Cyprus’ competitiveness and supporting international businesses. By joining forces, we can better represent the needs of our members and contribute to a stronger economic future for the country.”
This partnership represents a hopeful development for Cyprus, strengthening the island’s trajectory toward becoming a trusted, innovative, and globally connected hub for family offices and international enterprises.
