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The Department of State offers numerous tools for U.S. businesses and Cyprus businesses investing in the United States. These resources provide broad overviews of Cyprus’ key business and economic conditions to help you make the most informed business decisions. Please contact the U.S. embassy’s economic and commercial team for any assistance, here.
Mr. William Stange
Economic / Commercial Officer
Tel.: +357-22-393939
Email: stangewe@state.gov
Ms. Ephie-Yvonnie Charalambidou
Commercial Specialist
Tel.: +357-22-393362
Email: charalambidouey@state.gov
Ms. Anna Agrotou
Commercial Specialist
Tel.: +357-22-393520
Email: agrotou@state.gov
Mr. George Demetriou
Economic Specialist
Tel.: +357-22-393361
Email: demetriougf@state.gov
Address:
Commercial Section
U.S. Embassy
Metochiou & Ploutarchou Streets
P.O. Box 24536
1385 Nicosia
IMPORTANT NOTE: The Commercial Section cannot assist with visas. For all questions about visas please call +357-22-232082 or send an email to consularnicosia@state.gov.
The Commercial Section provides a range of services to help U.S. Companies do business in Cyprus.
Getting Started with U.S. Commercial Service
The U.S. Commercial Service (CS), part of the U.S. Department of Commerce’s International Trade Administration, offers companies a full range of expertise in international trade. Companies can find assistance locally in more than 100 U.S. Commercial Service offices nationwide and in more than 70 international offices.
Getting Started with the Department of Agriculture
The Foreign Agricultural Service (FAS) links U.S. agriculture to the world to enhance export opportunities and global food security. In addition to its Washington, D.C. staff, FAS has a global network of 98 offices covering 177 countries. These offices are staffed by agricultural attachés and locally hired agricultural experts who are the eyes, ears, and voice for U.S. agriculture around the world. FAS staff identify problems, provide practical solutions, and work to advance opportunities for U.S. agriculture and support U.S. foreign policy around the globe.
Find information about solicitations issued by the Embassy of the United States of America in Nicosia for the acquisition of commodities and/or services.
Overseas Security Advisory Council (OSAC)
In 1985, the Overseas Security Advisory Council (OSAC), a joint venture between the Department of State and the U.S. private sector, created by then Secretary of State George P. Shultz under the Federal Advisory Committee Act to interact on overseas security problems of mutual concern. Objectives of this joint venture are: to establish a continuing liaison between security officials in both the private and public sector; to provide for regular exchanges of information concerning developments in the overseas security environment; recommend methods for planning and implementation of security programs abroad; and recommend methods to mitigate risks to American private sector interests worldwide. These objectives remain in the current OSAC Charter.
Since its inception, SelectUSA has facilitated more than $78 billion in investment, creating and/or retaining over 95,000 U.S. jobs. In fiscal year 2019 alone, SelectUSA facilitated more than $18.5 billion in investment. We work with the U.S. and Foreign Commercial Service and entities across government to facilitate job-creating business investment into the United States and raise awareness of the critical role that economic development plays in the U.S. economy.
Selling Your Products in the U.S.
Please contact Mr. William Stange, Economic/Commercial Officer, for questions about “Invest in America.”
Cyprus – U.S. Commercial Ties: Bilateral commercial ties continue to thrive, as evidenced by these numbers: in 2021, U.S. exports of goods and services to Cyprus were US$1.4 billion, up 13.4% from 2020, and imports from Cyprus were US$1.7 billion, up 42.1% from 2020. In the same year, U.S. exports of services to Cyprus reached US$700 million, and U.S. imports of services from Cyprus reached US$900 million. In 2020, the U.S. direct investment position in Cyprus (outward) was US$4.9 billion, a decrease of 5.9% from 2019. The direct investment position from Cyprus in the United States (inward) was US$189.0 million, an increase of 36.0% from 2019. Here are more details;
Trade in Goods Services Flows Investment Investment Climate StatementAccording to the U.S. Census Bureau, U.S. exports of goods and services to Cyprus reached $1.4 billion in 2021, up 13.4% from 2020, and imports from Cyprus reached $1.7 billion, up 42.1% from 2020. As a result, the trade deficit with Cyprus increased to $328.0 million. In 2021, exports to Cyprus accounted for 0.1% of total U.S. exports, and imports from Cyprus accounted for 0.1% of total U.S. imports. Exports were led by other business services, which accounted for 17.4% of U.S. exports to Cyprus, and imports were led by telecommunications, computer, and information services, which accounted for 33.2% of U.S. imports from Cyprus.
In 2021, exports of services to Cyprus reached $700 million, and imports of services from Cyprus reached $900 million. Exports were dominated by Other business Services, Financial services, and Capital goods (except automotive), while imports were led by telecommunications, computer, and information services, which accounted for 66.6% of U.S. services imports from Cyprus.
In 2020, the U.S. direct investment position in Cyprus (outward) was $4.9 billion, a decrease of 5.9% from 2019. The direct investment position from Cyprus in the United States (inward) was $189.0 million, an increase of 36.0% from 2019.
The U.S. Department of State’s Investment Climate Statements provide country-specific information on the business climates of more than 170 countries and economies. They are prepared by economic officers stationed in embassies and posts around the world and analyze a variety of economies that are or could be markets for U.S. businesses of all sizes.
Over the next few years, the ROC is poised to attract additional investment in the field of offshore energy exploration and infrastructure.
In coordination with the G7, Australia, and other partners, the United States is imposing new sanctions today on Russia for its illegal war in Ukraine. Today’s actions implement new commitments made at the G7 Leaders’ Summit…
Today, the Department of State and the Department of Treasury are imposing sanctions on more than 120 entities and individuals across more than 20 countries and jurisdictions in connection with the Russian Federation’s unlawful and unprovoked…
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Outside of Office Hours, contact: 357 22 393939
Outside of Cyprus: 357 22 393939
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