Business-Friendly Environment
Apart from being one of the most attractive holiday destinations globally, Cyprus is also recognized as an ever-growing hub for business in the EU. Every year, entrepreneurs from all around the world are moving to Cyprus with the aim to maximize their business efforts and opportunities. Every big city on the island – Nicosia, Limassol, Paphos, and Larnaca – has something to offer to every ambition-driven individual. This business-friendly environment is the result of effective business initiatives taken by the government which focus on providing a variety of benefits to people moving from abroad. Among the multitude of reasons why Cyprus is the ideal place to relocate your business are the following: Great Market access: The Geostrategic position of the island enables businesses to access major markets of the EU 12.5% corporate tax rate: One of the lowest Corporate tax rates in the EU Simple Immigration & Employment process Investment Opportunities: some of the most powerful businesses include real estate, shipping companies, financial, and insurance industries Cypriot Citizenship on naturalization grounds can be applied for following 7 years of employment and residence Straightforward Corporate Structures: simple compliance and legal processes These benefits create an attractive and inviting business environment for those seeking to expand their businesses in one of the most dominant corporate locations of the world.
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