The last two decades have witnessed the gradual transformation of Cyprus into a reputable international business and financial centre. Cyprus’ attractiveness as a business and investment location is based on the following advantages:
Strategic geographical location at the crossroads of three continents.
Stable business environment, based on the free market philosophy with emphasis on promoting private initiative.
Macroeconomic stability, reflected in stable prices and currency.
Favourable tax regime.
Wide network of agreements for avoidance of double taxation.
High educational level of manpower.
Highly skilled and flexible labour force, conversant with the use of new technology.
Competitive level of wages and other costs.
Compliance with the European Union Code of Conduct for Business Taxation and with the commitment to OECD for the elimination of harmful tax practices.
Simple administrative procedures.
Well developed commercial infrastructure.
Easy access to international markets.
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