For the first time, a Cypriot business delegation will participate in the SelectUSA Investment Summit and take part in the SelectUSA Tech program. These major investment opportunities in the United States are aimed at companies looking to enter or expand in the US market.
The summit, taking place in Maryland from May 11-14, offers entrepreneurs the chance to connect with economic development organizations and investors from across the US.
But before business leaders pack their bags, President Nikos Christodoulides will head to the US in April for an official visit. His agenda includes meetings with potential investors and business leaders in New York and Washington, DC, as part of a broader effort to attract investments to Cyprus in key sectors such as shipping, technology, energy and financial services.
A month after the president’s visit, Cypriot businesses will be making their own trip stateside. The SelectUSA Investment Summit is the largest investment event organized by the US Department of Commerce, bringing together over 5,000 participants annually, including representatives from all 50 US states and more than 2,500 investors from over 90 countries.
The Cypriot delegation, organized by the US Embassy in Cyprus, will consist of companies that meet the participation criteria. Final approval for participation will come from the US Department of Commerce, though no issues are expected for Cypriot businesses.
During the summit, Cypriot entrepreneurs will have the opportunity to learn about tax incentives, regulatory benefits, and investment opportunities across different states. The goal is simple: Evaluate what each region offers and find the best fit for business expansion.
Alongside the main event, the SelectUSA Tech program will run concurrently, targeting technology companies developing innovative products or services. Participants will gain insight into emerging trends and showcase their business to a global audience.
Cyprus’ participation in this summit signals a growing interest in strengthening business ties with the US. This comes at a time when Cyprus is solidifying its Western orientation, marked by President Christodoulides’ upcoming White House visit. If successful, this mission could open doors for more businesses to follow in the years to come.