Cyprus at a glance

NEW ECONOMIC ERA

in Cyprus At A Glance

January 28, 2017

With the accession of Cyprus into the European Union, as from the 1st of May 2004, it has been able to offer more attractive investment opportunities to entrepreneurs and advantages to investors. Cyprus has an open, free-market, service-based economy with some light manufacturing. The Tertiary sector is the largest contributor to the Cyprus economy. After its independence, Cyprus has enjoyed a thriving economic performance, reflected in rapid economic growth, full employment rates and external and internal stability. READ MORE

BUSINESS ENVIRONMENT

in Cyprus At A Glance

January 28, 2017

There are many factors that have contributed to making Cyprus a favourable environment for doing business. The characteristics of the business environment in Cyprus reveal the advantages and flexibility Cyprus offers as an international business and financial centre: Cyprus is considered to be a low tax country rather than a tax haven country; The island has an extensive Double Tax Treaty Network Friendly international relations; Sophisticated infrastructure; Excellent professional services with modern banking and insurance networks; Highly-educated and versatile workforce; Low operational costs; High standard of living; High quality of primary, secondary and university education. READ MORE

TOWNS – POPULATION

in Cyprus At A Glance

January 28, 2017

The **total population** of Cyprus is around 800,000 with the capital, Lefkosia (Nicosia) being the largest town. Lefkosia is also the seat of the Government as well as the main business centre. The second biggest town of Lemesos (Limassol), which is where our firm offices are situated, is the main commercial port of Cyprus and also a popular tourist resort.The costal town of Larnaca can be distinguished because the main International Airport is situated there and also because it has the second commercial port of the island. READ MORE

TRANSPORT NETWORK

in Cyprus At A Glance

January 28, 2017

The island has an efficient and effective transport network with two main international airports, the biggest of which is in Larnaca and the other one in Paphos. Cyprus is also accessible by ship courtesy of two ports, the Limassol Port and the Larnaca Port. Limassol Port is by far the larger of the two, approximately 90% of all the passenger vessels arriving at and departing from Cyprus are handled here and it is the shipping and international business centre of the island. READ MORE

About Cyprus

in Cyprus At A Glance

January 28, 2017

Cyprus lies in a distinctive and unique location as a “bridge” between the three continents of Europe, Asia and Africa. It has a long and varied history. It is situated in the north-eastern corner of the Mediterranean Sea, 75km south of Turkey, 90km west of Syria and 380 km east of the Greek island of Rhodes. Due to its favourable location, Cyprus has developed into an appealing international business centre. Greek and Turkish are the official languages of the Republic. READ MORE

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