Thanks to its geographical position, Cyprus is ideal as a centre for international business. More than 100,000 companies have been registered by foreigners making Cyprus an important business destination.
Since Cyprus is a full member of European Union, it has become one of the most attractive places for establishment of companies. Cyprus offers many advantages to entrepreneurs and business people:
- Lowest corporation taxation in Europe: 10% on net profits
- Low cost of company management and incorporation
- No exchange control restrictions
- Excellent banking system
- Highly qualified professionals
- Safe place for living
- Easy fight connections
- Pleasant resort and climate