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International Business and Services in
Cyprus.
General information about Business in Cyprus
island
The
location of Cyprus, its business laws and low taxation of Cyprus provide
an ideal environment to contact business or even set up a company Cyprus.
Business
Environment in Cyprus
Cyprus has in the past decades developed into an international business
center with many foreign banks, and well over 1.000 overseas companies
operating on the island.
It has also become an important shipping center and ranks sixth in the
world as a maritime nation.
The most important international activities are: Trade, Marketing and
Distribution, Ship management and maritime operations, business and
professional consultancy, engineering and construction Services, commercial
and merchant Banking, and Investment, holding and royalty companies.
The important geographical location of the island, its British modeled
legal and administrative system, the availability of wide ranging professional
services, the excellent infrastructure, the advanced telecommunications
network and the widespread knowledge of English, are some of the factors
that have helped create an ideal business environment for foreign companies.
Services in Cyprus
The services sector is the fastest growing area in Cyprus and today
accounts for about 75.7 percent of GDP and 70.7 percent of the employed
population of Cyprus is employed in this sector.
The sector includes tourism, transport and communications, trade, banking,
insurance, accounting, real estate, catering, public administration
and business and legal services.
Tourism (hotels and restaurants) in particular plays an important role
in the Cyprus economy. Every year around 2.5 to 3 million tourists visit
Cyprus
The role of Cyprus as a regional services center is continuously being
enhanced.
See general information and quick
facts about Cyprus
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Cyprus Business Information and Services
