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The Cabinet approved Thursday the creation of a Fast Track Business Activation Mechanism for setting up a company in Cyprus by third country nationals, aiming to attract foreign investment to the island. According to a PIO press release, the proposal was submitted by the Minister of Energy, Commerce and Industry, Natasa Pilides, in coordination with the Ministries of Foreign Affairs, Interior, Finance and Labour. According to its provisions, all necessary procedures for the registration and incorporation of a company in Cyprus will …
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