Cyprus might not be the first company that springs to mind when you’re thinking of countries in which to do business, but perhaps it should be. Cyprus really does punch above its weight in terms of the legal and financial benefits it offers business and the practical and geographical advantages too:
Cyprus is part of the EU and a member of the Euro-zone. This means that it is in-step with the leading players in Europe. It is a fully fledged European country and its legal, technological and financial infrastructure reflects this. In fact, the legal system in the country is based on the British system.
There are many specific benefits that Cyprus offers Cyprus companies. The most notable of these is the lowest corporation tax rate in the EU. This doesn’t make it a tax haven (which has negative connotations) rather a very healthy, vibrant place in which to do business.
There is also a tremendous geographical advantage. Cyprus is essentially positioned where Europe, Africa and the Middle East meet, and as such it makes a great strategic headquarters, a nation perfectly positioned to meet the challenges of modern business.
In these more difficult financial times businesses are having to look beyond their own backyard towards the benefits offered by other nations and their financial and legal infrastructures. Fortunately, you don’t need to look too far, and Cyprus is a great business destination.
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