Strategic location Cyprus is located at the crossroads of Europe, Asia and Africa affording it invaluable proximity to some of the world’s most important markets and trade routes and making it a popular business centre since ancient times. Accession to the European Union (EU) is further elevating the island’s importance, making it the Southeast frontier of the EU. Excellent infrastructure The English language is widely spoken and regularly used in commerce and government. Careful planning and significant investment in technology renders the island’s telecommunications infrastructure one of the most developed in the world. Air-transport capabilities are highly developed and include two international airports that provide frequent links between Cyprus and many European and other capitals. A multipurpose seaport system caters for both passengers and cargo. The road network is of European standards with highways linking all major cities. The legal and banking system is modelled on the Anglo-Saxon system and provides a robust framework for business to be conducted confidentially, safely and effectively. Competitively priced professional services and the abundance of highly educated and skilled human resources afford a critical competitive advantage to those who conduct their business from or through the island. Healthcare services are of high standard. Generous tax regime Low tax rates, generous tax incentives and an extensive network of double tax treaties create unique international tax planning opportunities. Creative exploitation of these opportunities can enable businesses and individuals engaging in practically any economic activity anywhere in the world to substantially reduce their tax burden. |
|