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Top 10 Reasons to Invest in Cyprus
In a globalized economy where multinational companies are pressed to maintain and increase quality while cutting costs to meet increasingly higher client expectations, Cyprus provides a complete value proposition.
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1. European Union Member State
After a long journey of over three decades, the Republic of Cyprus became a full member of the EU on May 1, 2004. Accession to the EU was a natural choice for Cyprus, driven by its culture, civilization and history, as well as its unwavering commitment to the values of democracy, freedom and justice.
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2. Lowest EU Corporate Tax Rate
Cyprus has the lowest corporate Tax rate in the EU of 10%.
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3. Macroeconomic Stability with Successful Economic Performance
Cyprus has a modern, free-market, serviced-based economy with a long record of successful economic performance and positive growth.
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4. FDI Track Record
Cyprus is one of the most attractive locations for foreign investments, ranking among the frontrunners of the world indicating both high FDI performance as well as high FDI potential, based on the latest data of the Central Bank of Cyprus in 2011.
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5. Efficient Legal, Accounting and Banking Services
Acknowledging that information and knowledge would be the drivers of sustainable growth in the global economy of the future, Cyprus has undertaken a major role in facilitating the exchange of ideas, services and support among professionals worldwide.
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6. Strategic Location as Europe's Middle Eastern Outpost
Cyprus's strategic location at the crossroads of three continents has been a major factor in shaping its history throughout the centuries and its development into not only a major eastern Mediterranean trading post but also a reputable international business and services centre.
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7. Advanced Telecommunications Network and Infrastructure
Two international airports, a modern road network and multipurpose port facilities have long established Cyprus as a commercial, financial and business center in the region.
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8. Highly Qualified and Multilingual Labour Force
Cyprus has a young, well-educated talent pool. The country is committed to education and is focusing on reforms to achieve sustainable growth. Since 2004 Cyprus has consistently allocated over 6% of GDP of public expenditure on Education.
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9. Reputable International Shipping Centre
Cyprus is a highly reputable international shipping centre, ranking among the 10 leading maritime nations in the world; with a merchant fleet exceeding 40 million gross tonnage and nearly 2000 vessels.
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10. Living and Working on the Island for All Seasons
Cyprus offers a wonderful environment for a very comfortable standard of living.
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The content on this page was kindly provided by the Cyprus Investment Promotion Agency (CIPA)