Expand your presence in the international market with a Cyprus company formation. Build your business in a country having access to the wide markets of Europe, the Middle East, and North Africa. Explore favorable business conditions with numerous tax exemptions and other benefits.
Cyprus is an island nation in the Eastern Mediterranean, the third-largest and third-most populous area in the region. It became a member of the European Union (EU) in 2004 and adopted the Euro as its currency. Settling for a Cyprus IBC can land you many business opportunities globally. The island offers several benefits for businesses, making it an attractive destination for investment and economic activity. Its location is perfect for global business setups as it connects Europe, Asia, and Africa.
It is most famous for its fascinating history, stunning coastlines, lively culture, and tourist-friendly environment. You can expect limitless business opportunities in industries such as tourism, real estate, shipping, financial services, and information technology. English is commonly used in courts, business dealings, and government matters alongside the official languages – Greek and Turkish.
The country’s legal system is based on the English legal framework, and its company law draws inspiration from the UK Companies Act 1948. The local government has taken steps to encourage foreign direct investment and entrepreneurship, establishing a favorable atmosphere for Cyprus company formation. It has Double Taxation Treaties with as many as 65 nations to avoid dual taxation in cross-country transactions.