The Republic of Cyprus is a flexible Enterprising Centre of the (European) Region and enjoys excellent relations with almost every country in Europe and the Middle East. The Republic offers Cypriot companies and foreign enterprises taxation incentives, the most advanced telecommunications network in the region, a highly-educated workforce, and the EU’s lowest corporate tax rate.
Cypriot Companies, some of the finest in the Eastern Mediterranean, now have a new home – CyprusExpoOnline.com, a permanent showcase and a multi-level link to an ongoing exhibition of hundreds of Cyprus companies, including exporters, entrepreneurs, manufacturers and services providers, making them available in a comprehensive, simple-to-use, 24/7 virtual exhibition format.
CyprusExpoOnline.com is “introduced” by a complete national profile that features detailed information about the business, economic and political environments of Cyprus, its market sectors, its industries, and its professional services. Entrepreneurs can start here for guidance on how to develop business relationships and initiate projects with Cyprus companies. The profile includes complete contact information for all Governmental Departments and offices, Trade Associations and Chambers of Commerce and industry.
In collaboration with the government of Cyprus, the CyprusExpoOnline.com country profile features video presentations that highlight the specific economic strengths of Cyprus. This National Virtual Showcase also provides an introduction to the country’s investment environment, the opportunities available in each of the sectors of the Cypriot economy, government trade policies, potential assistance available to foreign direct investors, and an overview of the Cyprus tourism industry.
CyprusExpoOnline.com features a search engine that enables subscribers and visitors to search for Cyprus companies by products, by services, by market sector, by imports and exports, by industry, etc. The portal is organised by sector and industry.
Cyprus Expo Online has the full support of the Ministry of Commerce, Industry and Tourism and the Cyprus Chamber of Commerce and Industry. A joint project has also been initiated with Euro-Med TDS, a registered entity endorsed by the European Commission and the European Union, for a single European-Mediterranean directory for all of the region’s 26 countries.
Doing Business in Cyprus
Cyprus offers a range of opportunities for international companies, thanks to the effective macro-economic policies implemented by successive governments, the country’s embrace of a market-oriented system and its well-educated, entrepreneurial workforce. The Cyprus economy is primarily services-based, with services accounting for approximately 79% of GDP. The most important revenue source for Cyprus is tourism, followed by financial services and real estate. Industry accounts for roughly 19% of GDP, with ship repairs, cement, pharmaceuticals and clothing among the most important contributors. Cyprus has the fourth-largest ship registry in the world, with 2,758 ships and 25.5 million gross registered tons (GRTs). It is an open registry and includes ships from more than 43 countries. Read Full Article
Investing in Cyprus
Cyprus, a full member of the European Union since 1 May 2004, is home to a liberal investment climate – the sectors of niche tourism, energy, shipping, desalination and water management services offer excellent potential for inward investment. The Government of Cyprus, one of the most pro-business governments in the EU, offers incentives in the field of research and technology and welcomes foreign direct investment. Though it is a small country, with a population of just over 800,000, Cyprus has one of the highest standards of living in the EU. Read Full Article
