The incoming Foreign Direct Investments screening framework of the EU applied in Cyprus
By Demetris Roti, Emilios Charalambous and Maria Aristidou
It is an undeniable fact that Foreign Direct Investments (FDI) are a key contributor to the European Union’s growth as they enhance its competitiveness, create jobs and economies of scale, bring in capital, technologies, innovation, expertise and open up new markets for the Union’s exports. While maintaining an open investment environment, the EU has committed to upholding and promoting its values and interests and contribute to the protection of its residents.
With the above in mind, and since it is mandatory for member states of the European Union to adopt restrictive measures relating to foreign direct investment on the grounds of security or public order under Regulation EU 2019/452, member states must create a screening mechanism to make it possible
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