Cyprus: Where Business Meets Opportunity

Why Cyprus


Cyprus: Your Gateway to Global Success

Why Choose Cyprus for Your Business

Discover the strategic advantages of Cyprus – a thriving business hub with low taxes, excellent infrastructure, and a high quality of life, perfect for your company’s growth and success.

The Advantages of Cyprus

Cyprus, located in the eastern Mediterranean, leverages its strategic position between emerging markets and established economies. Over the past thirty years, it has become a hub for businesses and investments thanks to progressive laws, moderate taxation, and significant investment in education. It is also a top tourist destination and a sought-after residence for many affluent foreigners.

Cyprus is a relatively small country that punches well above its weight. Situated in the far-eastern Mediterranean, Cyprus takes full advantage of its strategic location between the emerging Far-Eastern and African markets and the mature Western European economies.

 

Over the past three decades, Cyprus has rapidly grown into a prominent hub for trading businesses, holding and investment companies, shipping companies, tourism companies, information technology and fintech companies, and a multitude of other enterprises. Cyprus serves as a perfect gateway for investment both into the European single market and outwards. It is also a top tourism destination and has become a preferred place of residence for many affluent foreigners.

 

Cyprus clearly has the right recipe for doing business and attracting investment. Its success can be attributed to progressive laws, mild taxation, reasonable regulation, significant investment in education, and a capable network of financial and professional service providers. Additionally, the country’s legal system, based on English Common Law, and its membership in the European Union and Eurozone, provide further advantages for international businesses.

Strategic Partnerships for Sustainable Growth

Your Global Hub for Success!

Discover the power of a global hub dedicated to your growth. We offer strategic partnerships and customized solutions to help your business thrive in a global market, supporting it at every stage.

Cyprus: Your Trusted Legal and Professional Partner

Robust Legal Framework and Professional Services

As a former British territory, Cyprus’ legal system is based on English Common Law, making it familiar to international investors. Before joining the EU in 2004, Cyprus aligned its legislation with EU norms, ensuring fair and transparent business practices. The Cyprus Companies Law is largely based on the UK Companies Law, further enhancing its appeal.

 

Cyprus boasts an excellent education system, with many Cypriots studying in British and American universities. This has resulted in a pool of well-educated, multilingual professionals in finance, accounting, law, IT, and public administration. Major global accounting and consulting firms have a strong presence in Cyprus, and legal services are well-represented by both domestic and international firms.

 

Incorporating a private company in Cyprus is straightforward, typically taking up to two weeks. The process is even quicker when purchasing a shelf company. With one of the lowest corporate tax rates in Europe, an extensive double-tax-avoidance treaty network, and numerous special taxation incentives, Cyprus is an attractive choice for international business.

 

Additionally, Cyprus’ strategic location in the eastern Mediterranean, coupled with its EU and Eurozone membership, provides businesses with access to a vast market and numerous trade agreements. The country’s robust infrastructure, including international airports and major seaports, further enhances its appeal as a business hub.

Cyprus: Your Gateway to Global Markets

Strategic Market Access

As a full member of the European Union, Cyprus benefits from the “four freedoms” of the European Single Market: the free movement of goods, people, services, and capital. It also enjoys the advantages of the EU Parent/Subsidiary Directive, Mergers Directive, and numerous EU trade agreements.

 

Cyprus is part of the Eurozone, having adopted the Euro in 2007. This means there are no exchange controls and no restrictions on the repatriation of profits earned in Cyprus.

 

In addition to these benefits, Cyprus has signed over 60 double-tax-avoidance treaties with major economic players worldwide, including the UK, US, China, Russia, India, Germany, and France.

 

Strategically located in the Eastern Mediterranean, Cyprus serves as a significant shipping hub with two deep-sea ports in Larnaca and Limassol. It ranks #11 globally by the tonnage of its registered shipping fleet and operates two international airports in Larnaca and Paphos.

Cyprus: Your Tax-Friendly Business Haven

Tax Benefits and Incentives

Cyprus supports local entrepreneurs and attracts foreign businesses through a combination of low taxes, generous exemptions, attractive incentives, and reasonable regulation. The most notable benefit is the uniform 12.5% corporate income tax rate, one of the lowest in the EU. Additionally, Cyprus offers numerous exemptions and incentives, including:

These tax advantages, combined with Cyprus’ strategic location, robust legal system, and high quality of life, make it an ideal destination for international business.

Cyprus: A Thriving Hub for Economy and Trade

Dynamic Economy and Trade Opportunities

Cyprus boasts a diversified, modern high-income economy, dominated by services and light industry. The services sector is strongly represented by tourism, financial services, fintech, information technology, shipping, and logistics. Business services, including firms like ours, remain the fastest-growing sector of the Cypriot economy.

 

From being among the poorest countries in southern Europe a few decades ago, Cyprus has more than doubled its GDP per capita within 15 years, reaching income levels comparable to Italy and Spain. Despite the financial crisis of 2008 and the European debt crisis of 2012, Cyprus has recovered more quickly than expected.

 

International trade is vital to the Cypriot economy. Although significant oil and gas discoveries have been made in its territorial waters, Cyprus lacks other significant natural resources and must import much of its food, raw materials, fuels, equipment, and machinery. Over half of its trade is with the European Union, particularly Greece and the United Kingdom, with the Middle East also being a significant trading partner.

 

Complementing the vibrant business scene, Cyprus hosts a strong financial services sector, including numerous credit institutions, investment funds, asset managers, and niche financial service providers. Cyprus is home to many of the biggest brands in retail forex.

Experience the Best of Mediterranean Living

Cyprus: Living the Good Life

Cyprus consistently ranks high in quality of life and human development indices by global organizations such as the United Nations Development Programme, Eurostat, and OECD. It’s easy to understand why.

A Great Place to Live

Cyprus consistently ranks high in quality of life and human development indices by global organizations like the UNDP, Eurostat, and OECD. The average lifespan is 78 years for men and 81 for women, supported by a modern and accessible healthcare system. With a population of about 1 million and no large polluting industries, Cyprus offers a clean environment.

 

The island enjoys over 320 sunny days per year, a varied landscape with mountains and blue flag beaches, and a rich historical heritage spanning over ten thousand years. Cyprus also boasts one of the lowest crime rates globally and a friendly, multicultural society. English is widely spoken, and the education system is among the best in Europe.

 

Living and business costs are moderate, attracting many foreigners to establish their primary or secondary residence in Cyprus, now making up about a fifth of the population.

Top Reasons to Choose Cyprus:

Why Choose Cyprus for Your Business and Life

From its robust legal framework to its attractive tax benefits, Cyprus provides a supportive environment for entrepreneurs and investors. Additionally, its high quality of life, rich history, and strategic location make it a top choice for those seeking a vibrant and fulfilling lifestyle.

Top 5 Reasons

Cyprus offers a unique blend of strategic advantages, making it an ideal destination for both business and living.

Strategic Market Access

Benefit from Cyprus’ strategic location in the eastern Mediterranean, providing easy access to Europe, Asia, and Africa.

Robust Legal Framework

Enjoy a reliable and transparent legal system based on English Common Law, ensuring fair business practices.

Attractive Tax Benefits

Take advantage of one of the lowest corporate tax rates in the EU, along with numerous exemptions and incentives.

Dynamic Economy and Trade Opportunities

Engage in a diversified, modern economy with strong sectors in tourism, financial services, fintech, and shipping.

High Quality of Life

Experience a high standard of living with excellent healthcare, a sunny climate, rich history, and a safe, multicultural society.

Top 5 Reasons

Cyprus offers a unique blend of strategic advantages, making it an ideal destination for both business and living.

Strategic Market Access

Benefit from Cyprus’ strategic location in the eastern Mediterranean, providing easy access to Europe, Asia, and Africa.

Robust Legal Framework

Enjoy a reliable and transparent legal system based on English Common Law, ensuring fair business practices.

Attractive Tax Benefits

Take advantage of one of the lowest corporate tax rates in the EU, along with numerous exemptions and incentives.

Dynamic Economy and Trade Opportunities

Engage in a diversified, modern economy with strong sectors in tourism, financial services, fintech, and shipping.

High Quality of Life

Experience a high standard of living with excellent healthcare, a sunny climate, rich history, and a safe, multicultural society.

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