Doing Business in Cyprus

According to the 2010 Country Report, Dun and Bradstreet ranked Cyprus with a rating of “DB3a”. The Report indicates that besides the entry into the Euro-zone, the investment landscape in Cyprus is preferable due to the following factors: benign investment climate benefits; the island’s strategic location; a well-qualified labor force and a reliable telecommunications system.

Cyprus Business Environment

There are many elements that contribute to making Cyprus an attractive environment for doing business. These include the strategic location, the sophisticated infrastructure, the highly-educated workforce, the favourable tax system, and the modern banking and insurance networks.

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Cyprus Economic Environment

Cyprus has a record of successful economic performance, reflected in rapid growth, full employment conditions, external and internal stability, almost throughout the post-independence period.
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Cyprus' Economic Freedom

Cyprus’s economic freedom score is 73.3, making its economy the 18th freest in the Heritage Foundation 2011 Index. Cyprus performs well in many of the 10 economic freedoms. Business growth is facilitated by a relatively transparent and efficient regulatory framework.
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Cyprus Taxation

While Cyprus tax system has been reformed to comply with the EU Acquis Communautaire, the appropriate actions have taken place to maintain Cyprus’s competitiveness as an international business centre and enhance its attractiveness as a suitable jurisdiction for holding companies.
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Multinational Presence in Cyprus

A significant number of multinational companies and international banking units are already operating in Cyprus, further enhancing the productive and positive nature of the national economy.
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Cyprus' Global Competitiveness

Cyprus was ranked number 40 out of 139 countries by the World Economic Forum "Global Competitiveness Report 2010 - 2011". The Global Competitiveness Report is a yearly report published by the World Economic Forum.
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Operating Costs in Cyprus

Cyprus enjoys relatively low operating costs, compared to the rest of the European Union and the neighbouring region.
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