Press Release: Signing of a Memorandum of Understanding between the Cyprus Chamber of Commerce and Industry (CCCI) and the Cyprus Fiduciary Association (CYFA)
In an important initiative aimed at further developing the fiduciary and administrative services sector and promoting Cyprus as a reliable international hub in this field, the Cyprus Chamber of Commerce and Industry (CCCI) and the Cyprus Fiduciary Association (CYFA) signed a Memorandum of Understanding (MoU) on Monday, September 15, 2025, at the CCCI headquarters in Nicosia, marking the beginning of a strategic collaboration.
The Memorandum was signed by the President of the CCCI, Mr. Stavros Stavrou, and the President of CYFA, Mr. Costas Christoforou, as well as by the Secretary General of the CCCI, Mr. Phylokipros Rousounides, and the General Manager of CYFA, Mr. Christoforos Ioannou, who emphasized the importance of this cooperation in strengthening the competitiveness and credibility of Cyprus in the international business environment.
The purpose of the Memorandum is to strengthen ties between the two organizations through joint actions and initiatives that include the exchange of information on regulatory developments and market trends, the preparation of studies and reports for the further development of the fiduciary and administrative services sector, as well as the organization of events, conferences, training seminars, and networking activities which will enhance knowledge and professional growth. At the same time, the Memorandum provides for close cooperation in supporting foreign entrepreneurs wishing to invest in Cyprus, as well as in providing guidance to CCCI members engaged with international partners.
The signing of the Memorandum marks a milestone for the fiduciary and administrative services sector, as it lays the foundation for closer cooperation and better coordination for the benefit of the business community and the Cypriot economy as a whole. At the same time, it constitutes an important step towards establishing Cyprus as an international business hub and further strengthening the country’s economy.
