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Why Cyprus?

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05-09-2013

Why Cyprus?

    As published in the July 2013 edition of Country profiler magazine.
  • A liberalised Foreign Direct Investment Policy for both EU and third country investors.
  • Member of the European Union since 2004 and the Eurozone since 2008.
  • Strategic location between Europe, Middle East, Africa and Asia.
  • Solid experience in business with emerging markets providing preferential access to Eastern Europe, Russia, China and India.
  • Political stability and good relations with both Israel and other Middle Eastern countries, further strengthening the potential of a leading role in energy by facilitating business between the region and the European Union.
  • A cost-effective business centre and beneficial tax framework for international business and regional headquarters. One of the most advantageous corporate tax rates in the EU at 12.5%.
  • Constantly expanding network of almost 50 Double Taxation Treaties (DTTs), includes treaties with important emerging markets such as Central and Eastern Europeancountries, Russia, China and India.
  • Transparent and modern legal system based on UK Common Law with a highly trained workforce of lawyers, accountants and corporate service providers. A highly qualified and multilingual workforce to support industry, with 33.6% of Cypriots between the ages of 15-64 having a tertiary education compared to the EU27 of 23.6%.
  • Attractive business base thanks to good telecommunications, transport and logistics infrastructure.
  • Time zone is GMT +2. Ahead of New York by 7 hours and 7 hours behind Tokyo, Cyprus allows businesses to interact with clients in both the East and West during the same working day.
  • High quality of life, low crime rates
 

Head Office:
33 Nicodemou Mylona
Pafos, CY8101
Cyprus
T: +357 26 848 800
F: +357 26 934 910
E: info@pafilia.com
Freephone: 8000 89 89
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Limassol Office:
307-309
28th October Avenue
Limassol, CY3105
Cyprus
T: +357 25 590 880
E: info@pafilia.com

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Moscow Office:
12 Kransopresnenskaia
Naberezhnaia
Poz'ezd 6, Office 1032
Moscow, Russia
T: +7 (495) 258 1970 /71
F: +7 (495) 258 1970 /71
E: russian@pafilia.com
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Beijing Office:
Room 3305, No.6 Building
Jianwai SOHO
No.39 East 3rd Ring
Middle Road, Chaoyang
District, Beijing, China
T: +86 186 1115 0291
E: info@pafilia.cn.com
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South East Asia Office:
Level 46, Bitexco Financial Tower
2 Hai Trieu Street
District 1
Ho Chi Minh, Vietnam
T: +84 28 6287 5911
M: +84 122 768 6019
E: b.winter@pafilia.com
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Athens Office:
Corner 58 Kafkasou &
52 Skopelou Streets
Kypseli
Athens
Greece
T: +30 210 2717100
E: c.diagkos@pafilia.com
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