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Iceni Magazine | November 14, 2019

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5 Reasons You Should Start Your Business in Cyprus

Start Your Business in Cyprus

With the way the world is structured today, it is possible to set up a business and make money from any corner of the world.

Technology has made the world a global village, and information is readily available more than ever before. The only things you need to succeed in the world of today are the opportunity and the willingness to take advantage of it.

Foreign investment has become easier with the advancement of technology and the ease of movement of products and services and people across the globe. However, the level of success largely depends on your choice of location. You have to consider the business, economic atmosphere, and security of your preferred location. Your business destination should be one that has a business environment that will help your business to thrive.

Cyprus makes a perfect business destination because it checks all the boxes as far as the needed environment for a thriving business is concerned. This small country offers many business opportunities and an ever-expanding market.

Here are some of the reasons why Cyprus is the perfect location to start your business.

It is strategically located

One of the biggest advantages that Cyprus offers foreign investors is its location. The small island country is located between three major markets – Europe, Africa, and Asia. Cyprus is well-positioned as a key player in the Eastern Mediterranean region, it serves as a service and business centre of the region, and in terms of trade. Since its location serves as a crossroad to three major global markets, it offers investors access to these markets.

Infrastructure

Cyprus has invested heavily in its infrastructure over the years. Its telecommunications, air, road and shipping transportation have received huge investments. The island country is filled with modern road networks which make moving around the country easy. There are two world-class airports located in Paphos and Larnaca, which receive more than 10 million visitors yearly.

Low tax

One of the factors that investors consider when looking for a country to expand their business operations to is taxes. Countries with lower taxes are generally more favourable for business. Cyprus has one of the lowest tax rates in Europe, which is one of the reasons why it is a preferred business destination. Cyprus has one of the lowest business taxes rates in Europe, making it a friendly destination for startup companies and foreign investors. This is an important factor to consider.

Great Working and Living Environment

The country is considered a low-cost society with a favourable balance between quality of life and cost of living. The environment is perfect for young entrepreneurs since they are less likely to spend much of their investment in servicing a high standard of living as is the situation in major cities across the world. Additionally Cyprus is a safe country. It was ranked the 5th safest country in the world as of 2015.

It has fantastic Weather

Cyprus has relatively stable and predictable weather. There are really hot days and cool summer nights. The winters are mild which is one of the reasons why Cyprus is also a popular tourist destination.Β 


 

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