One Stop Shop Acceleration of Procedures for Setting

One–Stop Shop

Acceleration of Procedures

for Setting-up a Business

…should take adequate measures to considerably

reduce the average time for setting up a business,

with the objective of being able to do this within

one week anywhere in the EU by the end of 2007.

European Union political leaders have agreed, at the

Spring European Council of March 2006,

that their

governments…

Adoption of the Institution

of the One-Stop Shop



In  light  of  the  intensification  of  competition  and
especially in conjunction with the accession of Cyprus
to  the  European  Union,  the  Government  has  decided
to  pursue  a  number  of  measures  in  order  to  further
enhance  and  simplify  the  business  and  investment
environment.



Towards  this  end,  the  Government,  under  the
auspices  of  the  Ministry  of  Commerce,  Industry  and
Tourism,  has  set  up  in  Nicosia  an  One-Stop-Shop  for
local and foreign based companies.

Aim



facilitate, accelerate and simplify the process of
setting up a business



reduce considerably the average time for setting up a
business with the objective of being able to do this
within one week



bypass the existing procedures where these are
dysfunctional, and



serve both Cypriot and foreign investors

The aim of the Government for adopting the institution

of the One-Stop Shop was to: