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Why a multinational company would choose Cyprus for Doing Business
- Strategic Location - Europe's Middle Eastern Outpost
- 3rd in the Mediterranean Region in Ease of Doing Business (World Bank 2013 Report)
- Competitive and effective tax system
- Extensive Network of Double Tax Treaties
- Excellent Professional Business Services
- Low costs in every sector of Professional Business Services
- Efficient Legal and Accounting Services
- Political Stability
- Highly skilled workforce
- International Trading Centre
- Pleasant working environment
Recent discoveries of hydrocarbon deposits in the Eastern Mediterranean and within Cyprus’s southern Exclusive Economic Zone hold out many business opportunities for multinational companies
Cyprus offers multinational companies extensive business opportunities in various sectors. Since becoming a full member of the European Union in 2004, Cyprus has enhanced its position as a reputable International Business Centre and was placed on the OECD 'white list' of Tax Jurisdictions which have 'substantially implemented' the internationally agreed standard in tax transparency. Cyprus has fully complied with the Basic Freedoms and State Aid rules of the EC Treaty. Cyprus is also in full compliance with EU Code of Conduct for Business Taxation, with EU tax directives and with the OECD guidelines against harmful Tax Competition. The tax system in Cyprus is simple and there are no discriminatory rules or preferential treatment of tax payers.
The world’s leading accountancy and consultancy firms are present on the island as well as the leading insurance, ship management and trust companies. Professional services costs are generally more competitive than in other Western European locations.
Trade in Services Report 2011
Foreign Direct Investments in Cyprus Report 2011Photos provided by the Cyprus Tourism Organisation and the Cyprus Press Office |