Industries in Cyprus

The drivers of the Cyprus economy &
opportunities for investment

Recognised as an established financial and business centre, Cyprus is considered as an ideal location for investment. Its jurisdiction is widely used for holding, trading, investment, funds and intellectual property corporate structures and generally used as a gateway for routing investments anywhere in the world. The Republic of Cyprus is a member of the European Union and the Eurozone, strategically situated east of the EU.

Cyprus law has been harmonised with EU legislation and along with its tax supporting system and network of double tax treaties, has become a business centre with extensive Foreign Direct Investments (FDI). The Cyprus legal system is founded on English law, and is therefore familiar to most international financiers. Cyprus offers excellent organisation facilities, educated workforce and services. Tourism and financial services account for a significant part of the GDP of the country.

Cyprus’ geographical position at the crossroads of three continents and its proximity to the Suez Canal has promoted merchant shipping as an important industry for the nation. The country’s shipping industry is highly ranked amongst its EU counterparts and is considered to have the EU approved tonnage tax.

Restrictions on foreign direct investment have been removed, permitting 100% foreign ownership in many cases. Foreign portfolio investment in the Cyprus Stock Exchange was also liberalized. Foreign investors have the opportunity to invest and establish a business on an equal footing with local investors. 

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6051, Larnaca,
Cyprus

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