Cyprus – An Island at the Heart of Trade and Commerce
Cyprus is the third most populated island in the Mediterranean. It is located at the crossroads of Europe, Asia and Africa. In spite of its size, just 9251m², traditionally Cyprus has remained at the heart of seafaring trade and, throughout history, Cyprus has featured as an important centre for trade and commerce. The present day is no exception. Today, Cyprus is proud to have developed a reputation as an international service provider of excellence, offering opportunities to small and large businesses alike, to worldwide investors and ship owners, all of whom can benefit substantially from the island’s favourable taxation system.
Cyprus has forged itself as renowned modern investment centre of prestige and with its accession to the European Union in May 2004 have emerged a host of opportunities for international business enterprises.
Just some of the factors making Cyprus a convenient and effective business base are:
- Convenient geographical location;
- Network of attractive tax incentives;
- One of the lowest rates of taxation of corporate profits in the EU;
- Membership of the EU (and adoption of the Euro as currency);
- Membership of the Commonwealth and UN;
- An advanced, high income economy;
- Widespread use of the English language in business;
- Modern legal and banking sectors;
- Well organised public sectors and services;
- Developed legal system;
- Political stability;
- Established network of international double taxation treaties;
- Efficient and swift corporate registration procedures;
Strategic location which is easily accessed via two main ports and two recently refurbished airports.
To find out more about the opportunities Cyprus can offer your business, please see our article “Cyprus: An Advantageous Venue for Incorporation” or contact us