The Association of Credit Acquisition Companies and Credit Facility Management Companies (ACACS) has raised serious concerns over a draft bill aiming to establish a framework for monitoring direct foreign investment in Cyprus. She warned that, as currently worded, the legislation risks creating significant uncertainty and delays in investments, particularly in property transactions. However, Solonos questioned what constitutes the “execution date” of an investment, pointing out that property transactions often require speed and certainty. “This provision creates severe uncertainty and discourages investment,” Solonos noted. The FDI bill at a glanceThe revised bill before Parliament establishes a Foreign Direct Investment (FDI) Screening Mechanism in line with EU Regulation 2019/452.