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

Indicatively:

Telecommunications costs are the lowest in the European Union.

Labour costs are significantly lower in Cyprus when compared to the EU average.

Cost of living: Cyprus city, Limassol was ranked as one of the least expensive cities globally, based on the March 2006 Cost of Living survey of Mercer Human Resource Consulting LLC. The survey compared the average cost of living between 144 cities globally and Limassol was ranked 118th.

Occupancy costs: Office and living accommodation is relatively inexpensive with considerable choice. Specifically, the capital of Cyprus, Nicosia is the least expensive among the cities evaluated in region of Europe, Middle East and Africa based on the latest “Global Market Rents, May 2006” conducted by CB Richard Ellis. Total occupancy costs correspond to “gross” rents.