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10 Top Reasons To Invest In Cyprus
In a globalized economy where multinational companies are pressed to maintain and increase quality while cutting costs to meet increasingly higher client expectations, Cyprus provides a complete value proposition:
European Union Member State
After a long journey of over three decades, the Republic of Cyprus became a full member of the EU on May 1, 2004. Accession to the EU was a natural choice for Cyprus, driven by its culture, civilization and history, as well as its unwavering commitment to the values of democracy, freedom and justice.
EU accession has launched a new era of opportunities and responsibilities for Cyprus. ...
Highly qualified and multilingual labour force
Cyprus has a young, well-educated talent pool. The country is committed to education and is focusing on reforms to achieve sustainable growth. Since 2004 Cyprus has consistently allocated over 6% of GDP of public expenditure on Education.
Great value for money
An average annual starting salary for a young graduate with a Bachelor Degree is €22,800. The employee will contribute €1,500 ...
Lowest EU corporate tax rate
Lowest Corporate Tax rate in the EU of 10%
Exemption from Tax:
Dividend income
Profits from overseas permanent establishments
Dividend
No withholding Tax on:
Dividend income
Interest and royalties paid from Cyprus
Double Taxation Agreements
Cyprus has developed a wide network of Double Tax agreements with over 45 countries, ensuring that the same ...
FDI track record
Cyprus is one of the most attractive locations for foreign investments, ranking among the frontrunners of the world indicating both high FDI performance as well as high FDI potential, based on the latest World Investment Report of UNCTAD published in 2010.
In 2009, Cyprus attracted a total of 3961 million Euro in Foreign Direct Investment (FDI) compared to 3018 million ...
Macroeconomic stability with successful economic performance
Cyprus's real GDP growth rate is well above the average growth rate of EU 27 as well as that of Eurozone. Specifically, in 2008 the real GDP growth rate reached 3,7% . The annual growth rate is expected to continue in such high levels in the future.
Cyprus enjoys macroeconomic stability which is reflected through various indicators including Real GDP Growth, Inflation and ...
Efficient legal, accounting and banking services
Acknowledging that information and knowledge would be the drivers of sustainable growth in the global economy of the future, Cyprus has undertaken a major role in facilitating the exchange of ideas, services and support among professionals worldwide. In fact, above 70% of the country’s economy is based on the provision of services.
Legal services
Cyprus inherited a legal system based on ...
Strategic Location Europe's Middle Eastern Outpost
Cyprus's strategic location at the crossroads of three continents has been a major factor in shaping its history throughout the centuries and its development into not only a major eastern Mediterranean trading post but also a reputable international business and services centre.
Upon membership into the European Union, Cyprus is being transformed into a key outpost in the Eastern ...
Advanced telecommunications network and infrastructure
Transportation
Two international airports, a modern road network and multipurpose port facilities have long established Cyprus as a commercial, financial and business center in the region. More than 33 Airlines operate scheduled fl ights from and to Larnaca International Airport (5 km from Larnaca town centre) and Pafos International Airport (15 km east of Pafos town).
A new airport in ...
Reputable International Shipping Centre
Cyprus is a highly reputable international shipping centre, ranking among the 10 leading maritime nations in the world; with a merchant fleet exceeding 21 million gross tonnage and nearly 2000 vessels.
Ship Managagement
Cyprus constitutes one of the largest shipmanagement centres in the world; around 50 shipmanagement companies and marine-related foreign enterprises are conducting their ...
Living and working on the island for all seasons
Cyprus offers a wonderful environment for a very comfortable standard of living
Indicatively, according to the latest publication of the Human Development Index which is a measure of the standard of living of a country, published by the UN Development Program (UNDP) in 2005, Cyprus ranks as the 28th highest in the world, with 90.3 points. The highest scorewas 96.8 points.
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