Success Stories
- Home:
- Cyprus at a glance:
- Business Environment
Business Environment
There are many elements that contribute to making Cyprus an attractive environment for doing business. These include the strategic location, the sophisticated infrastructure, the highly-educated workforce, the favourable tax system, and the modern banking and insurance networks. All these, coupled with the comparatively low operating costs, the high standard of living and the countless other lifestyle advantages on offer, make Cyprus the perfect place for today’s investors and businesspeople.
Operating costs
Cyprus offers one of the lowest set up and operating costs within the EU.
Human Development Index (HDI)
Cyprus is ranked 31st in the world out of 187 countries according to the 2011 Human Development Report, with a Human Development Index (HDI) value of 0.840.
The Human Development Index (HDI) focuses on three measurable dimensions of human development: living a long and healthy life, being educated and having a decent standard of living. Thus, it combines measures of life ...
Multinational presence
A significant number of multinational companies and international banking units are already operating in Cyprus, further enhancing the productive and positive nature of the national economy.
There are currently approximately 33 foreign banks and over 1200 International Business Companies (IBCs) with fully-fledged offices in Cyprus. The successful integration of the latest ...
Economic Freedom
Cyprus’s economic freedom score is 71.8, making its economy the 20th freest in the Heritage Foundation 2012 Index.
2012 Index of Economic Freedom
Heritage Foundation and Wall Street Journal
The Index of Economic ...
Professional services
Major international accounting companies and various local ones are represented by partners with in-depth knowledge of the local tax and accounting environment. Various law firms specialise in international work and assist foreign investors with both set-up and contractual formalities. For any business to succeed, it needs the support and assistance of local ...
Latest News
