Cyprus has for a long time been an ideal business centre for foreign companies and investors to start or continue their business. Due to its strategic location and its favourable economic environment, foreign companies and enterprises can build a bridge, through Cyprus, to Europe.
Foreign companies and business can in fact benefit from the advantages that Cyprus’ market has to offer and therefore utilize the island as a base for direct investments and for supplying expanding markets in the region and most importantly in the European Union (EU).
The said benefits include the lowest corporate tax in the EU (10%), a transparent and stable legal framework, a liberal foreign direct investment regime that allows up to 100% foreign participation in most areas of the economy and modern and efficient legal, accounting and banking services. Moreover Cyprus is an important shipping management center and one of the major transit trade centers in the Eastern Mediterranean.
As a corollary of the above, since 2004, when Cyprus joined the EU, the number of foreign registered companies has increased by over 20% per year. This serves as an indication that Cyprus is an ideal place to start a business within Europe. In any case Cyprus follows the trade policy of the EU, while a high rate of economic and trade freedom exists.
Starting your own company is serious business and for that professionals should always be consulted to guide you in proper directions.
These materials are not intended and should not be used as legal advice or other recommendation. If you need a legal opinion on a specific issue or factual situation, please contact a lawyer. Anyone using these materials should not rely on them as a substitute for legal advice.
Consulting CWIIL Group of Companies, for any / all matters relating to your business startup, ensures advise based on highest level of knowledge which are given to you by a team of select research-oriented experts whom each will do their own assessing of your matter, and also assess it together, thus ensuring that in case a mistake has been made by one, it will be noticed and corrected even before it is being passed on to you. Receiving incorrect and unknowledgeable business advice can be disastrous and thus should be avoided.
Remember, no problem has a quick fix solution. Thus, always ensure to consult highly knowledgeable group of professionals whom would provide you with a collective advice, never individual advice. This group advise and approach is unique with CWIIL Group and is based on the overall Management Philosophy of all CWIIL Group Companies.
CWIIL Group of Companies is a global group of multi-specialized units with diversified interests and activities, wherein each company is a separate legal entity registered under prevailing laws in different parts of the world. CWIIL Group of Companies Products, Services, Project and Solutions are in a multitude of Verticals including, but not limited to, Infrastructure, Power, Oil & Gas, Legal, Media, Technology, ITES, HR, Shipping, Aviation, Real Estate, Hospitals, Health and Medicine, Education, Funding & Investment, Business and Legal Consultancy, and Public Private Partnerships, and other CWIIL Group Units, worldwide, to name a few.
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