Business Relocation
Business-Friendly Environment
Apart from being one of the most attractive holiday destinations globally, Cyprus is also recognized as an ever-growing hub for business in the EU. Every year, entrepreneurs from all around the world are moving to Cyprus with the aim to maximize their business efforts and opportunities. Every big city on the island – Nicosia, Limassol, Paphos, and Larnaca – has something to offer to every ambition-driven individual. This business-friendly environment is the result of effective business initiatives taken by the government which focuses on providing a variety of benefits to people moving from abroad. Among the multitude of reasons why Cyprus is the ideal place to relocate your business are the following:
- Great Market access: The Geostrategic position of the island enables businesses to access major markets of the EU
- 12.5% corporate tax rate: One of the lowest Corporate tax rates in the EU
- Simple Immigration & Employment process
- Investment Opportunities: some of the most powerful businesses include real estate, shipping companies, financial, and insurance industries
- Cypriot Citizenship on naturalization grounds can be applied for following 7 years of employment and residence
- Straightforward Corporate Structures: simple compliance and legal processes
These benefits create an attractive and inviting business environment for those seeking to expand their businesses in one of the most dominant corporate locations of the world.
Quality of Life in Cyprus
A minimum of around 4 million tourists choose Cyprus as their holiday destination per year. This makes the island one of the most popular destinations in the world. In fact, many people who experience life in Cyprus tend to return either for another holiday or decide to move permanently. As a business entrepreneur looking to relocate, the most essential point to carefully consider is the new location of your business activities. This is why apart from the outstanding business advantages of Cyprus, you can also find the ideal location for you and your employees to work and live.
- The cost of living is lower than in most other EU countries
- High quality of living for expatriates: there are thousands of expat communities around the island
- Low crime rate: one of the safest countries to live globally
- Exceptional healthcare facilities
- Among the world's top retirement destinations
- One of the best state pension systems worldwide
- A strong education sector with a wide range of public and private higher education institutions.
Choosing Cyprus is more than just relocating your business – it’s about starting a new life built on quality and security.
Positive Economic Outlook
The decision to relocate your business comes with the need to discover a location with a strong and promising economic future for your business. Cyprus has established its resilient economic reputation with one of the fastest growth rates in the EU. This is achieved by focusing on the diversification of services and business opportunities found on the island. Some of the most dominant services include communications, real estate, and financial industries. The government’s efforts to support businesses has proved fundamental in the growth of the economy.
- Robust GDP growth
- Among the fastest-growing economies in the EU
- Positive macroeconomic forecasts
- Key focus on investing in interconnectivity in the following years
- Exceptional Regulatory Structure: closely aligned to the English common law legal system
Since the 1st of January 2022, the Government of Cyprus has launched a new action plan to attract foreign businesses to Cyprus for the purpose of creating or expanding their operations. This creates unlimited possibilities when it comes to growing your business in Cyprus.
How We Can Help
Contact us
send inquiry
Frequently Asked Questions
