In Cyprus the business services sector is the fasting growing sector of the economy. This says it all, and Cyprus corporate services are second to none. But why is a relatively small nation such an important business and financial center to the whole world.Cyprus has established itself is a corporate hub. This means that many nations outside of the EU use Cyprus as an entry point into European markets. The converse is also true, and many European countries use Cyprus as a portal into Asia, i.e. China and India, most notably.
One of the key reasons why Cyprus is such an important hub, especially for businesses transgressing from one market to another, is simply geographical location. As a financial center Cyprus is arguably positioned better than any other nation, where Africa, Asia and Europe meet.
It’s not all about the geographical location of course and there are many practical benefits that Cyprus offers business. Because business services are so central to the economy, there are lots of advantages offered by the country, for instance the lowest rate of corporation tax in the EU.
Becoming set up in Cyprus is easier than it’s ever been. Look online and you’ll find a range of Cyprus accountants and consultants who will be able to help you to dip your toe or dive fully in to one of the most important financial epicenters in the whole world.
Leave a Reply
You must be logged in to post a comment.