CIBA came to existence on the initiative of a number of expatriate business executives who had moved their international operations to Cyprus in order to benefit from the island’s strategic location, bridging Europe to the Middle East, Africa and the Far East, as well as to take advantage of the island’s relaxed atmosphere and Mediterranean climate and its rather simple but competitive and effective tax regime.

Since then, CIBA has been active as a non-governmental independent Association relying exclusively on membership fees and on sponsorship income from the promotion of members through its website.

CIBA’S daily operations and activities are organized and carried out by its Secretariat and an Executive Committee of 12 persons who are all executives of member companies. All executive committee members are volunteers and do not receive any compensation for their time and service. They are all elected by the Members and meet at least once a month. Ever since its creation, CIBA has gone to great lengths to represent and safeguard the interests of the international businesses, their international shareholders, managers and staff. In this respect it has established a close cooperation with other private sector and- semi-governmental organisations, such as Cyprus Chamber Of Commerce and Industry, Cyprus Employers & Industrialists Federation, the Cyprus Shipping Chamber, the Institute of Certified Public Accountants of Cyprus, The Cyprus Fiduciary Association, the Cyprus Bar Association and Invest Cyprus.