Why should I choose Cyprus for doing business?

In today‚Äôs economy, multinational companies strive to increase quality while reducing costs. Cyprus serves both purposes, providing a number of important advantages: 

  • Cyprus is a full member of the European Union since 2004. 
  • The labour force of the island is comprised of young, highly educated multilingual professionals.
  • Lowest corporation tax rate in the European Union, at 10% on net profits.
  • High Foreign Direct Investment (FDI) performance.
  • Macroeconomic stability with successful economic performance, with GDP growth rate well above the average growth rate of the EU.
  • Strategic location in the Eastern Mediterranean, facilitating partnerships and serving as the springboard for investments among Europe, Africa, and Asia.
  • Efficient legal, accounting and banking services, offering a world-class service.
  • Advanced telecommunications network and infrastructure.
  • Reputable international shipping centre.
  • A wonderful environment for a very comfortable standard of living.
  • Freedom from Exchange Control
  • A wide network of Double Tax Treaties 
  • Access to EU directives
  • Membership of most international organisations and maintenance of friendly relations with the majority of developing and developed countries
  • Low set-up and running costs