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Cyprus, a corporate location

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13-12-2016

Cyprus, a corporate location

Cyprus is increasingly ranked on the shortlist of decision makers when it comes to choosing the right location to establish international and regional headquarters. The island provides access to the EU’s market of over 500 million people and a secure base to tap into the evolving markets of the Middle East and Africa. The island offers a strategic location, a competitive EU-approved tax environment, a 12.5% corporate tax rate, one of the most competitive in the EU, an educated English-speaking workforce, excellent telecommunications, modern banking and legal infrastructure, and a high quality of life – all of which make it an ideal international management centre and springboard into neighbouring markets. Doing business in and from Cyprus is easy and straightforward. Home to a major international business and financial services sector, the country is an ideal base for region-wide corporate coordination and central management functions, sales, marketing and customer service. As a pro-business, neutral, cost-effective and politically stable country, Cyprus offers companies a perfect climate to successfully compete in the region. A fiscally efficient tax structure leads the way and is complemented by a network of 60 double-taxation treaties, facilitating international business and ensuring a smooth trading environment. Multinationals from a range of different sectors have already chosen Cyprus as the location for their regional headquarters. Giants such as Weatherford, AFP, NCR, Bernard Shultz ship management, Kardex, Wargaming and AMDOCS are just some of the corporations that have based operational or corporate management functions on the island. Cyprus is also one of the most influential global hubs for ship owning and ship management services. Thanks to its advantageous legislative framework, the island has attracted some of the world’s most influential names in shipping for the last 50 years.

Source: CountryProfiler Cyprus
 

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