Top reasons to invest in Cyprus

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In a globalized economy where multinational companies are pressed to maintain and increase quality while cutting costs to meet increasingly higher client expectations, Cyprus provides a complete value proposition:

Human Talent

2013 statistics demonstrate that 39,2% of Cypriots in the 25 – 64 age group have acquired tertiary education – higher than the EU28 average of 28,63% and one of the highest percentage in the world.

Value for Money

Cyprus is a dynamic business center that offers relatively lower operating costs while also providing top quality services, including accounting, auditing, tax, business administration, legal, investment and funds management.

Legal Framework

Pro-business, based on common law, Accounting and Legal transparency

The legal system is based on the U.K. Common Law principles and aligned with the EU laws and regulations (Acqui Communautaire).

Cyprus provides quality legal services in areas such as international law, corporate administration and management services. Most large legal firms are affiliated or collaborate with international law firms.

 Well-developed Infrastructure

Cyprus has a robust telecommunications system, two international airports (Larnaca, Paphos) and two ports (Limassol, Larnaca). Furthermore, the relatively small distances make the island a very friendly and easy to get around business location.

Ease of Doing Business

Cyprus has developed into an international quality business center that offers specialized services and rewarding business opportunities catering for the diverse needs of international investors, enhancing the ease of doing business.

The World Bank’s Doing Business Report 2014 ranked Cyprus 39th out of 189 Economies and 16 out of the EU28 for the ease of doing business.

Quality of Life

Cyprus offers a wonderful environment with a very comfortable standard of living. Living and working in Cyprus is combined with fabulous weather, beautiful nature, art and culture, safety, security, and above all, hospitable people.

Cyprus combines the international competitive business environment with a pleasurable and balanced way of life.

Additionally, Cyprus stands out with the cleanest sea waters in Europe according to the European Environment Agency.

Bright future

With its solid infrastructure and multilingual and highly educated workforce – Cyprus has more university graduates per capita than anywhere else in Europe – the island has all the right elements firmly in place to maintain its reputation as an international center of business excellence in one of Europe’s most interesting investment locations

Real estate Sector

The Average property prices

 

SALES PRICE

( Q4, 2014 )

RENT

( Q4, 2014 )

Country

Cyprus

Slovakia

Cyprus

Slovakia

Office

€ 347 599

€ 160 000

€ 1 286

€ 2 800

Retail

€ 356 957

€ 112 000

€ 1 564

€ 6 000

( source: Cyprus Real Estate Market Report 2015 by KPMG/ NBS.sk )

An average office with city center location comprising 200m2

The outline of a retail property consisting of 100m2 ground floor and 50m2 mezzanines

SUCCESS STORIES

Amdocs - Research and Development Centre in Cyprus

ASBISc Enterprises PLC (“ASBIS”)

Columbia Ship Management Ltd

Kardex Systems Ltd

NCR Middle East-Africa Region

TMF Group, Nest Investments Holdings Cyprus Ltd

Weatherford International

Bouygues Batiment Testimonial

Lidl

VTTI B.V. – (holding company of VTT Vasiliko Ltd - VTTV)

Uniteam Marine

 

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