Start a Business in Europe using a Cyprus Company

Cyprus has for a long time been an ideal business centre for foreign companies and in general for investors coming from third countries 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.