Cyprus offers one of the lowest corporate tax rates in the European Union (12.5%). Because of its favourable tax system, Cyprus is the gateway to the European & International markets, chosen by many EU & non-EU companies.
Cyprus has an effective and developed legal system with company legislation similar to that of the United Kingdom. Cyprus is a member of the European Union and companies registered in Cyprus, enjoy all the advantages of doing business in an EU country. In addition, the island has well educated, well trained and professional staff who speak fluent English.
Cyprus is the third largest island in the Mediterranean, with an area of 9,251 km² and a population estimated 1,17 million people in 2018. The strategic location of the island has always played a big role in establishing Cyprus as a business hub and a popular tourist destination.
Cyprus joined the European Union in 2004 and has been a member of the Eurozone since 2008. The combination of educated people, infrastructure and availability of investment opportunities make it an ideal business hub in the region.
Cyprus' hundreds of miles of coastline offer swimmers a rich choice, more than 50 of which have been awarded the exclusive Blue Flag eco-label. The sun keeps the sea warm from early April to late October.
There is much that is unique to the island, including some of its flora and fauna (including the Cypriot mouflon and Caretta Caretta turtles). Nature trails and action-packed days to experience this are always at hand.
The crime rate in Cyprus is extremely low compared to other European countries, making the country one of the safest places to live in Europe.
Cyprus' strategic location, at the crossroads of the three continents, makes it a convenient place for both business and leisure activities. Its location at the heart of busy shipping and air routes has not only made the island an important trading post, but has also contributed significantly to its growth as a respected international business and service centre.
With over 30 direct scheduled and charter flights now operating to and from Cyprus, getting here is very easy. There are also connecting flights from terminals throughout Europe and the Middle East to the island's two international airports at Larnaca and Paphos.
Cyprus offers a wide range of activities for all ages and interests: archaeological exploration, hiking, cycling, climbing, kite surfing, horse riding, golf... everything your heart desires!
Cyprus offers a wide variety of museums presenting cultural treasures. In addition, the island's art scene is complemented by a number of top galleries. The performing arts are very popular, with festivals, concerts and theatre performances taking place throughout the year. Film festivals, classical music and opera events and international fashion shows are also often on the cultural agenda.
Cyprus has a healthy and robust economy based mainly on the services sector. The island has managed to maintain this stability despite the current economic crisis and global recession.
Cyprus has a very low corporate tax rate in Europe, which is 12.5%.
In addition, Cyprus has signed agreements with 58 countries to avoid double taxation.
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