Establishing a business

In order to enhance foreign investment intensity, the FDI policy has been liberalised for both EU and non-EU nationals. Subsequently, administrative procedures have been simplified and no limitations apply in most sectors of the economy, as per the minimum level of investment and the foreigners/ participation percentage. International companies may ...

Human Talent

Cyprus possesses a well-trained and versatile labour force. Qualified professional, technical and clerical staff, with wide experience and fluency in English and other languages are available for employment at reasonable remuneration.

Taxation

While Cyprus tax system has been reformed to comply with the EU Acquis Communautaire, the appropriate actions have taken place to maintain Cyprus’s competitiveness as an international business centre and enhance its attractiveness as a suitable jurisdiction for holding companies.

Financial Assistance

In light of the challenges inherent with the intensification of competition and the globalization of the economy, the Government has introduced a framework of incentives within the EU harmonisation process and the Acquis–Communautaire in general. Such schemes and incentives, inter alia, aim at the reconstruction of Cyprus traditional economic sectors, improvement of ...