Cyprus is the third largest island in the Mediterranean region, ideally positioned at the cross roads of Europe, Asia and Africa and the birthplace of Aphrodite goddess of beauty
Its prominent location has been important in trading for thousands of years as it acted as the link between the three continents. However, with the dramatic changes taking place in the last 20 years, the country has become one of the most important trading and financial services provider in the region.
The location of Cyprus make it ideal for both business and pleasure. Being at such a geostrategic location has contributed significantly to the growth of the country as a reputable international business and service center and one the most important trading posts of the area
Cyprus enjoys a pleasant Mediterranean climate of long dry summers and mild winters. It has one of the warmest climate in the Mediterranean part of the European Union.
Generally warm temperature season last about eight months. It begins in April and ends at November. In the remaining four months of the year, the temperature tends to remain mild. Rain occurs mainly in winter and snow is possible only in the mountains, in the central part of the island.
People in Cyprus enjoy a relatively low cost of living in comparison to the rest of the member states in the European Union. That means that living in Cyprus brings a high standard of living within reach.
The Cyprus economy relies mostly on the services sector with a positive economic outlook and implements one of the most attractive and transparent tax regimes:
Cyprus is reputable for its excellent road system, with road signs both in Greek and English, two international airports in Larnaca and Paphos and the two greatest ports located in Limassol and Larnaca. Residents and tourists can move around the country with buses, taxis or cars.
The country offers excellent telecommunication services with top notch mobile and internet facilities at high speed services. While the postal services are considered to be efficient and reliable.
As an EU Member, Cyprus offers excellent healthcare services in public hospitals, at a cost lower than most other EU countries, as well as in private state-of-the-art clinics and hospitals
The comparative advantages which Cyprus offers as an International Business Centre derive mainly from:
1. Full access to European markets
2. Access to 40+ EU trade agreements
3. A member of the Eurozone since 2008
4. Proximity & easy access to major markets due to its location
5. Lower labor costs for technical and professional talents than in other major EU capitals
6. Among the lowest office rental rates in Europe
7.Highly affordable critical business support services
8. The satisfactory and continuous upgrading of the level of infrastructure, in airports, ports, energy and telecommunications.
9. The high quality of consultancy services such as legal, accounting, auditing, etc
10. The close economic and political relations with the countries of the Middle East and of Central and Eastern Europe.