+20%

Tourism has long been a driving force of the Cypriot economy, accounting for 12% of GDP and arrivals as well as revenue have recently seen record-breaking numbers. Tourism arrivals are forecast to increase by 82% and revenue by 185% by 2030.

+44%

Tourism has long been a driving force of the Cypriot economy, accounting for 12% of GDP and arrivals as well as revenue have recently seen record-breaking numbers. Tourism arrivals are forecast to increase by 82% and revenue by 185% by 2030.

+15%

Cyprus offers a tax efficient company domicile within the EU and is also emerging as an attractive location for fund managers and promoters. The number of applications filed for registrations of new companies has seen a solid increase since 2016.

Cyprus: An Investment Hotspot

Large-scale projects, privatisations and a burgeoning oil and gas sector are firmly placing Cyprus on the map as a hotspot for investment.

Attracting foreign direct investment is at the heart of the Government’s policy. It is committed to creating optimal conditions for businesses to flourish by simplifying administrative procedures, improving the tax framework, guaranteeing an open and transparent legal system and eliminating internal barriers.

Cyprus has seen considerable GDP growth for eight consecutive quarters, a result of the new incentives as well as increased activity in tourism, trade, manufacturing and real estate.

Gdp growth rate
A prosperous future
€50m
Annual turnover forecast €50M
3.4bl
Oil resources
4.54tcf
Natural gas reserve
1650%
average estimated reserves of GDP worth have been estimated in its exclusive econom- ic zone.
Leading maritime hub
1st
third-party shipmanagement centre in the EU
3rd
largest fleet in the EU
10th
largest merchant fleet in the world
€1bl
in annual revenue
7%
of GDP