Why invest and do business in Cyprus?

10+ reasons on why you should invest and do business in Cyprus:

Cyprus is a modern, multi-cultural country offering high-quality services and infrastructure, in a duly regulated environment, and is moving closer towards the one-stop-shop philosophy in order to ensure not only the best possible environment but one of a high standard for the business world. Cyprus offers many opportunities for investment across a wide range of sectors, such as:

Tourism
Shipping
Professional Services
Real Estate
Energy
Banking, Financial Services, Investment Funds
Education
Information & Communication Technologies
Innovation & Start-ups

Some of the advantages of doing business in Cyprus are:

Strategic Location:
Cyprus is at the crossroads of three continents: Europe, Africa and Asia and plays a key stabilising role in the region of the East Med.

Tax System:
Cyprus is an ideal investment gateway to the European Union, as well as for investment outside the EU. Cyprus offers an attractive and transparent tax regime, fully compliant with EU, and international laws and regulations, as it has one of the lowest corporate income tax rates in the EU at 12.5%

EU & Eurozone Member State:
As a member of the European Union since 2004 and the European Monetary Union since 2008, Cyprus is committed in offering quality, efficiency and transparency in transactions. Its EU membership ensures safety and stability for investors, also offering them market access to more than 500 million EU citizens.

Legal & Regulatory System:
The Cyprus legal and regulatory system is based on English Common Law, widely recognised as a business-friendly and effective system that ensures transparency and reliability in business practices. Cyprus’ legal system is also fully compliant with the EU, and other international legal systems.

Professional Services:
The human asset in Cyprus constitutes one of the most compelling advantages, with a broad range of high calibre professionals from different sectors, as the majority of the younger generation are highly educated and skilled individuals, multilingual in their majority, ready to serve the needs of any business. Cyprus ranks amongst the top countries in Europe for tertiary education per capita.

Advanced Infrastructure:
Larnaca and Paphos, modern international airports offer their services to approximately 10 million visitors per year, connecting the island to the most popular transit hubs throughout the world.

Two multi-purpose ports in Limassol and Larnaca. The Limassol port handles both passenger and freight cargo while offering logistics. In addition, the Limassol port is a renowned cruise liner hub and a popular “stop-over” for international cruise ships.

Plus a good road network is connecting all cities and villages throughout the island.

Considerable investment has also been made to transform Cyprus into a major telecommunications hub in the region, connecting Cyprus via submarine fibre optic cable and satellite to other networks in the East Med and beyond.

High Quality of Life:
Cyprus offers an attractive lifestyle for all taste. One of the best climates in the Mediterranean, centuries of art and culture, good education and health system, indoor and outdoor activities throughout the year and a delicious gastronomy all contribute to a high quality of life. Safety is amongst the biggest advantages of Cyprus, which has been ranked the safest smaller country in Value Penguin’s Safest Countries in the world (2015) and fifth worldwide.

Economic Prospects & Opportunities:
The government’s commitment to the continuous introduction of progressive measures for reform and growth has resulted in the impressive recovery of the Cypriot economy, much earlier than expected. Cyprus constitutes today a success story for the EU.

Location & Population:
Cyprus, with an area of 9,251 km², lies at the crossroads of Europe, Africa and Asia at the root of the busy shipping and air routes linking the three continents.
The population of Cyprus is about 847,000 (2016).

Rich Culture:
It is evident in the numerals of archaeological sites and monuments all over the island, representing the different historical periods in the island’s evolution. Cyprus has a large number of museums of archaeological collections and cultural treasures from different time periods.

Magnificent landscape:
Cyprus is beautiful all year round, with rare flora and fauna, a stunning coastline with golden sandy beaches, clear blue waters and year-round sunny weather, making it a popular tourist destination,

picturesque villages, local and international music, art and film festivals, museum nights and other cultural events take place in ancient and modern open-air amphitheatres, museums, archaeological sites and other venues throughout the year, including annual classical music festivals, opera festivals and many more.

Cypriots are hospitable and friendly people willing to assist and welcome foreigners into their society. Like Cypriot culture, Cypriot cuisine is a mixture of different influences from Greece, the Mediterranean region and the island’s previous conquerors.

Cyprus offers high standards of infrastructure and services helping the business world achieving its goals and at the same time an attractive lifestyle, both equally important for a better life.