+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%

+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

3.4B bl

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

1^st

third-party shipmanagement centre in the EU

3^rd

largest fleet in the EU

10^th

largest merchant fleet in the world

€1bl

in annual revenue

of GDP