A premier destination for Business & Relocation
Cyprus is a top choice for businesses, investors, and individuals seeking growth, financial advantages, and an exceptional lifestyle. Strategically positioned between Europe, Asia, and Africa, it offers modern infrastructure, a skilled workforce, and a favorable tax system.
Cyprus offers a highly favorable business environment, including low corporate tax rates (12.5%), access to European markets, and a well-developed legal framework based on English Common Law. Additionally, Cyprus provides vast tax advantages under its Non-Domicile (Non-Dom) regime. Entrepreneurs can benefit from:
Moreover, Cyprus boasts over 330 days of sunshine, a Mediterranean lifestyle, and a safe environment, making it an ideal choice for relocation and investment.
Enjoy Cyprus’s low corporate tax rate (12.5%), the Non-Domicile regime, and tax-free dividends, ensuring maximum tax efficiency for businesses and individuals.
Qualify for Cyprus tax residency in just 60 days, instead of 183, with no remittance-based taxation and a 17-year tax residency guarantee for long-term savings.
With 330+ days of sunshine, a thriving business ecosystem, and a safe, high-quality living environment, Cyprus is the perfect destination for relocation and investment.
Business-Friendly Environment
1. Tax Incentives and Corporate Tax Benefits
Cyprus boasts one of the most competitive tax systems in Europe, designed to attract businesses, investors, and expatriates. With a corporate tax rate of just 12.5%, it is one of the lowest in the EU, offering significant savings for corporations. Additionally, the country’s Non-Domicile Regime exempts foreign income, such as dividends and interest, from taxation for up to 17 years, making it highly attractive for high-net-worth individuals. Cyprus also imposes no capital gains tax on profits from securities, ensuring wealth preservation. With over 60 double taxation treaties, businesses benefit from reduced tax obligations and enhanced global operations.
Key Benefits for Businesses:
- Tax Efficiency: Maximize profits while minimizing tax burdens.
- Financial Flexibility: No withholding taxes on dividends, interest, or royalties.
- EU Trade Access: Simplified cross-border operations across EU countries.
- Business Incorporation: Quick and straightforward company formation processes.
2. EU Membership Advantages
Since joining the European Union in 2004, Cyprus has provided businesses with seamless access to the EU’s single market of over 500 million consumers. As an EU member, Cyprus adheres to strict regulatory standards, ensuring transparency and investor protection. The country also allows free movement of goods, services, and capital within the EU, providing businesses with opportunities to expand without barriers. Entrepreneurs can take advantage of EU funding programs and financial incentives to support innovation and growth.
Strategic Location
Positioned at the crossroads of Europe, Asia, and Africa, Cyprus is a vital hub for international trade and commerce. Its strategic location allows businesses to reach key markets quickly, making it ideal for import/export activities and logistics operations. The island’s time zone (GMT+2) enables efficient coordination between global markets, bridging time gaps between East and West. Furthermore, free trade zones and specialized economic areas support distribution networks, enabling businesses to operate with reduced customs duties and streamlined procedures. Cyprus’s ports and airports serve as gateways, facilitating seamless transportation of goods and services worldwide.
Key Features:
- Trade Hub: Easy access to over 40 countries in Europe, Asia, and Africa.
- Maritime Excellence: One of the largest shipping registries in the EU.
Logistics Ready: International shipping routes and cargo hubs.
Quality of Life
Cyprus offers a high standard of living, blending modern infrastructure with natural beauty and cultural richness. With over 330 days of sunshine annually, Cyprus provides a warm Mediterranean climate, ideal for outdoor activities. The country’s Blue Flag-certified beaches, clean coastline, and scenic landscapes create an appealing environment for relaxation and leisure.
Safety is another key factor—Cyprus ranks among the safest countries in Europe, with low crime rates and a secure environment for families and retirees. The affordable cost of living, including reasonable housing prices, utilities, and dining, further enhances its appeal.
Healthcare Excellence:
- Access to the General Healthcare System (GHS) with modern medical facilities.
- Affordable private and public healthcare services.
Education Opportunities:
- International Schools: English-speaking schools with global curriculums.
- Higher Education: Renowned universities and research institutions.
For culture lovers, Cyprus offers a vibrant mix of historical sites, museums, and festivals. The island’s rich history dates back thousands of years, providing endless opportunities to explore and experience local traditions.
Skilled Workforce
Cyprus prides itself on its highly educated and multilingual workforce, making it an excellent destination for businesses requiring skilled talent. English is widely spoken, and many professionals also speak additional languages, enabling smooth communication with global markets.
Key Workforce Advantages:
- Educational Excellence: High percentage of university graduates in business, IT, and engineering.
- Global Talent Pool: Flexible and adaptable workforce with international expertise.
- Employment Incentives: Government programs to support recruitment and skills development.
Labor laws in Cyprus are flexible and business-friendly, making it easier to hire, retain, and manage employees. The country also provides access to employment programs and funding to support recruitment and skills training, enabling businesses to build productive teams quickly.
Infrastructure & Connectivity
Cyprus’s modern infrastructure supports efficient business operations and high-quality living standards.
- International Airports: Cyprus has two major airports in Larnaca and Paphos, offering direct flights to major cities in Europe, the Middle East, and North Africa.
- Port Facilities: The island is a leading maritime hub, with well-equipped ports in Limassol and Larnaca that cater to commercial shipping, cruise liners, and offshore activities.
- Digital Connectivity: Businesses benefit from high-speed internet and modern telecommunications, supporting remote work and e-commerce.
- Road Networks: Cyprus has a well-developed road network, ensuring quick access to cities, ports, and airports.
- Office Spaces and Industrial Zones: Ready-to-use business hubs, co-working spaces, and industrial parks support startups and large-scale operations.
This infrastructure provides businesses with a solid foundation for growth while offering residents comfort and accessibility.
