Cyprus has a strong track-record of successfully attracting investment. Although the country is going through tough economic reforms today, it continues to offer a secure, legally transparent and attractive base for international business operations. Why Cyprus? Here are 12 reasons to invest.
- Time zone is GMT +2. Ahead of New York by 7 hours and 7 hours behind Tokyo, Cyprus allows businesses to interact with clients in both the East and West during the same working day.
- A highly qualified and multilingual workforce to support industry, with 33.6% of Cypriots between the ages of 15-64 having a tertiary education compared to the EU27 of 23.6%.
- Constantly expanding extensive network of almost 50 Double Taxation Treaties (DTTs), includes treaties with important emerging markets such as Central and Eastern European countries, China and India.
- Political stability and good relations with both Israel and other Middle Eastern countries, further strengthening the potential of a leading role in energy by facilitating business between the region and the European Union.
- Strategic location between Europe, Middle East, Africa and Asia.
- A liberalised Foreign Direct Investment Policy for both EU and third country investors.
- Member of the European Union since 2004 and the Eurozone since 2008.
- Solid experience in business with emerging markets providing preferential access to Eastern Europe, Russia, China and India.
- A cost-effective business centre and beneficial tax framework for international business and regional headquarters. One of the most advantageous corporate tax rates in the EU at 12.5%.
- Transparent and modern legal system based on UK Common Law with a highly trained workforce of lawyers, accountants and corporate service providers.
- Attractive business base thanks to good telecommunications, transport and logistics infrastructure.
- High quality of life, low crime rates and 340 days of sunshine a year.
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Cyprus is growing as a top choice for foreign direct investment (FDI) in Europe, said Invest Cyprus CEO Marios Tannousis. Tannousis addressed an international audience at the 10th International Funds Summit & Expo in Nicosia, presenting the island’s unique advantages, including financing schemes and incentives for global investors.
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