Doing Business in Cyprus
The attraction of Foreign Direct Investment (FDI), including the promotion of joint ventures between Cyprus and foreign enterprises are facilitated even more with the liberalization and simplification of procedure required. With accession of Cyprus in the EU this will be a common practice because there will be no exchange restrictions from EU member states.
Cyprus has developed into an international banking and business center with 26 foreign banks; two administered banking units and over 1,200 fully – fledged overseas companies operating on the island. Also, Cyprus ranks sixth in the list of leading maritime nations, with a fleet of 2,700 vessels of over 26 million gross tonnages.
As of 1 January 2003 a favorable tax regime, including 10% rate of corporate tax has been implemented. Along with that, Cyprus has double tax treaties with 40 countries and bilateral investments agreements with 16 countries. Such treaties, combined with very favorable tax rates for international business entities in Cyprus, open the door to significant tax planning opportunities. The fact that Cyprus is not considered a tax heaven, but rather a country offering tempting tax incentives, expels the distrust that international tax heavens often arose.
Cyprus is a favorable place to start up a business due to low set up and operating cost, additional to availability of highly qualified managerial and technical staff. |
Cybarco offers property purchasers a comprehensive interior design and decoration service...
Property management services are offered to our customers, through an associate company. 
Competitive mortgage facilities offered through Greek financial institutions.
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