For businesses, Cyprus offers a significant number of advantages, including a favorable tax system, a highly skilled and educated workforce and a strategic location that allows for easy access to both European and Middle Eastern markets.
In addition, the country’s robust healthcare system means that businesses can be confident that their employees will have access to top-notch medical care, which can help to boost productivity and overall job satisfaction. With its combination of business-friendly policies and top-notch healthcare, Cyprus is an excellent choice for those looking to relocate their business.
Cyprus has also a top-ranked healthcare system and is becoming a popular destination for medical care.
With modern facilities and skilled professionals, Cyprus offers excellent healthcare resources for those seeking quality medical care.
Cyprus in a nutshell
The Republic of Cyprus is an island nation in the Mediterranean Sea. The northern part of the island is occupied by Turkey and is the only European country with a divided capital. Cyprus is predominantly infused with everything Greek. The island is just about 4000 sq miles (9000 sq km) in area, and is (150 miles) 240 kms long and 62 miles (100 kms) wide.
The island offers sun all year round, with hot summers and mild winters. Cyprus offers a range of geography from mountains, to plains and international awarded beaches. The pace of life is relaxed and the Cypriots are welcoming. You will find all the amenities you need in the cities, stable bank system high professionalism of service providers such as accountants, auditors, financial advisors’ lawyers all capable and eager to assist you with your investment, business or other relocation needs.
The population of Cyprus is around 1.3 million.
The country has the second lowest crime rate in the EU which makes it an overall secure relocation destination for your own family and all the families linked to your business.
Cyprus and international business
During the first half of the 20th century, a number of Cypriots emigrated, because they could no longer survive under the economic conditions in their country. This means there is a large community of expat Cypriots spread around the world, especially in America, Australia, the United Kingdom and parts of Africa.
The notion of family is strong in Cyprus and those living outside of the country retain a strong connection to their country. One of the forms this has taken is the expansion of businesses in Cyprus to having branches in other countries.
In a form of quid pro quo, the Cypriot business community understands the value of expanding businesses into their country, or completing relocating a business there.
Business benefits in Cyprus
Cyprus is a member of the European Union and of the Eurozone, which means the currency is the Euro, which is a standardized currency in large parts of Europe. It has the advantage of ensuring that the prices in Cyprus stay quite steady. It also means that there is a balance between the most important elements of the economy, i.e. between expenditure, and savings and investment in the country.
This makes the country attractive to businesses that will benefit from a low inflation rate and also paying reduced interest. The Euro also attracts foreign investment, from which both Cypriot and other businesses can benefit.
The country also offers low income tax rates for businesses, which are amongst the lowest rates in the European Union. Foreign professionals and businesses relocating to Cyprus also earn a 50% income tax rebate.
Another advantage of moving your business to Cyprus is that the legal system follows that of the United Kingdom. If you are a UK citizen, you and your lawyers will find it relatively easy to operate in terms of corporate law.
Heading for Cyprus
In a nutshell, relocating your business to Cyprus offers huge benefits in terms of both costs and profits. In addition, the Cypriot business community will welcome your contribution to the prosperity of the country.
And you and your family, as well as all your employees and their families, will enjoy a change of pace on the beautiful, welcoming island.
Author: Arnold Rogers
