Reasons to Invest In Cyprus

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.


The 10 Top reasons why invest in Cyprus

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.

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 40 countries, ensuring that the same income is not taxed in more than one country. The Double Tax Agreements concluded and their respective date of enforcent between Cyprus and other countries can be found on the official website of the Ministry of Finance

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

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 2009.

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

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.

Advanced telecommunications network and infrastructure
Considerable investment has been made into transforming the island into a telecommunications hub for the region. Cyprus is connected to a number of advanced technology submarine cables which provide excellent connectivity to Europe, the Middle East and Asia. In addition, seven satellite earth stations provide further satellite telecommunications connectivity making it easy for companies to locate here and be connected globally through an advanced and reliable communications network.

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.

There are 341 public and 27 private primary schools and 124 public and 36 private secondary schools. Since 2005, Cyprus is in the top ten countries within the EU with the highest pupil per teacher ratio of 17,8 pupils per teacher.

Great value for money - An average annual starting salary for a young graduate with a Bachelor Degree is €15,000. The employee will contribute €945 for social security, will pay 0 income tax. The employer will contribute €1500 to social security, for an average total labor cost, for such talent, of €16,500 per year.

Reputable International Shipping Centre
Cyprus constitutes one of the largest shipmanagement centres in the world; around 50 shipmanagement companies and marine-related foreign enterprises are conducting their international activities in the country while the majority of the largest shipmanagement companies in the world have established fully fledged offices on the island.

Quality of Life - Living and working on the island
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 2009, Cyprus ranks as the 32th highest in the world, with 91.4 points. The highest score 97.1 points, which was received by Norway.

With an average of 326 sunny days each year, the weather in Cyprus can be counted amongst the finest anywhere in the Mediterranean –  Cyprus climate

Here is selected success stories of already established foreign investments in Cyprus provided – Success Stories


                                                                                        Tony Harkén