Cyprus-Business

CYPRUS AT A GLANCE

Cyprus, or Republic of Cyprus as officially called, is the third largest island of the Mediterranean and is conveniently located at the crossroads of three continents: Europe, Asia and Africa. It occupies approximately 9,251km² land area with 648km² of coastline, making it a truly beautiful destination to live, work and travel. The island is popular for its unique character fostered from a long and eventful history, spectacular scenery, diverse landscape and warm climate.

The Republic has been a full member of the European Union since 2004 and a member of the Eurozone since 2008. Cyprus has an adaptable and free market economy with its main economic activities being: energy, forex and trading, tourism, marine and shipping and real estate. The combination of high quality of life, excellent business infrastructure, favourable tax environment, attractive immigration schemes and educated, English-speaking workforce make it an ideal business hub in the region.

Cyprus Economy
Cyprus Economy

Stable economy

Healthy GDP growth

Efficient banking and professional services

Generous government incentives

Favourable tax regime for businesses

Lowest corporate tax rate worldwide

Highly educated and skilled workforce

Excellent infrastructure and telecommunications

Invest in Cyprus - Your Gateway to Europe

The favourable tax regime, excellent infrastructure facilities and services, strong ties with Europe and the several programmes offering residency and citizenship for foreign nationals by investing in property, make Cyprus the ideal destination for investment

FAVOURABLE TAX REGIME

Companies headquartered in Cyprus benefit from a favourable tax regime and full European status. The island boasts one of the lowest corporate tax rates worldwide at just 12.5% (alongside numerous additional tax advantages), which is one of the key reasons that Cyprus has become one of the most progressive and efficient business destinations in Europe

Tax
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INHERITANCE TAX
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IMMOVABLE PROPERTY TAX
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DISCOUNT ON TRANSFER FEES (IF APPLICABLE)
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VAT ON THE FIRST PROPERTY
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CORPORATE TAX

Business Opportunities

Tourism

With 2.5m tourists visiting Cyprus every year, the tourism industry has always been the backbone of the Cypriot economy and contributed massively to the country’s gross domestic profit. Being one of the most resilient and strong economic sectors, tourism-related real estate, infrastructure and services continue to be one of the most attractive investment opportunities in Cyprus
Tourism
Maritime

Leading Maritime Hub

Thanks to the island’s centered geographical position between three continents has always been a convenient hub for ship owning and ship management company registration. Today, the Cypriot maritime registry is one of the largest in the European Union and the 10th largest worldwide, enhancing the island’s reputation as a shipping power with high quality standards

OIL & GAS

New natural gas discoveries offshore Cyprus proves a tremendous opportunity for the island, highlighting its prospective role as an alternative source of energy to Europe. With Cyprus being a strategic energy partner for the EMEA region and continuously developing new infrastructure projects for the development of the energy market, Cyprus provides many additional opportunities for investment
Oil and Gas

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