Doing Business in Cyprus (UAE Edition)

More documents

Recommendations

Info

DOING BUSINESS C YPRUS 16 UNITED ARAB EMIRATES EDITION FDI APPEAL Cyprus’ FDI appeal has been on an upward trajectory thanks to a robust economy. Real GDP growth averaged 4.6% in 2015-19 and in 2021 the economy showed strong performance with 5.5% growth, regaining lost ground from the height of the Covid-19 pandemic. For the last several years, Cyprus has been a hive of activity with several notable projects already implemented or in the pipeline, strengthening the country’s image and appeal. Foreign investment flows have been significant. In the ten-year period 2011-2020, cumulative net FDI reached €22.2 billion. This investment was driven by equity, with the shipping/shipping finance and real estate sectors playing a significant role, while investment in communications is now also beginning to gain importance. Ongoing improvements in the macroeconomic and financial environment have also revived international interest in around 30 major development projects on the island. Investment opportunities in Cyprus’ large-scale projects span various sectors, including high-value tourism and housing developments, projects with a special focus on golf courses and luxury marinas, as well as education, energy, and more recently the international film sector. The growth performance of Cyprus over the last five years has been exceptional and even exceeded international expectations, while successive credit rating upgrades and new incentives have attracted billions in foreign investment since 2015, with significant inflows from the US, Asia, Russia and the Middle East. Cyprus’ liberalised Foreign Direct Investment Policy, both for EU citizens and investors from third countries, along with its favourable tax regime makes it one of the most attractive centres for FDI in Europe. Parklane Limassol A DIVERSIFIED FUTURE Offering a professional yet relaxed atmosphere that makes doing business pleasurable as well as profitable, Cyprus’ Mediterranean lifestyle coexists happily with a cutting-edge international business hub, allowing investors to enjoy the best of both worlds: a safe and comfortable environment for family life and a sophisticated infrastructure from which to grow and develop business. Cyprus combines numerous advantages as a business base with its EU-approved tax regime, competitive 12.5% corporate tax rate and tax breaks for high earners, its pro-business government and highly skilled workforce – as well as promising growth and development across numerous economic sectors. With Cyprus’ prospects on the rise, the country has all the right elements firmly in place to strengthen its reputation as an international centre of business excellence in one of Europe’s most interesting investment locations. n
THERE IS A PLACE WHERE… you have a local partner on the ground. As the national investment authority, Invest Cyprus acts as a single point of contact and one stop shop for existing and potential investors. Our dedicated team provides after care and facilitation services, including supporting you in site selection, setting up offices, staff immigration and relocation procedures while continuing to grow its extensive portfolio of available projects and investment opportunities. www.investcyprus.org.cy
Page 1 and 2: TheProfilerGroup DOING BUSINESS CYP
Page 3 and 4: The New Equation The New Equation i
Page 5 and 6: There are new competitors with a fr
Page 7 and 8: DOING BUSINESS C YPRUS 7 UNITED ARA
Page 9 and 10: Aboveall Your ultimate destination
Page 11 and 12: DOING BUSINESS C YPRUS 11 UNITED AR
Page 15: DOING BUSINESS C YPRUS 15 UNITED AR
Page 40: DOING BUSINESS C YPRUS 40 UNITED AR
Page 65 and 66: FLAVOURS OF Cyprus ts@meci.gov.cy w
Page 67 and 68:
DOING BUSINESS C YPRUS 67 UNITED AR
Page 69 and 70:
Page 71 and 72:
Page 73 and 74:
Page 75 and 76:
Page 77 and 78:
Page 79 and 80:
Page 81 and 82:
Page 83 and 84:
Page 85 and 86:
Page 87 and 88:
Page 89 and 90:
Page 91 and 92:
Page 93 and 94:
Page 95 and 96:
Page 97 and 98:
Page 99 and 100:
Page 101 and 102:
DOING BUSINESS C YPRUS 101 UNITED A
Page 103 and 104:
DOING BUSINESS C YPRUS 103 UNITED A
show all

Doing Business in Cyprus (UAE Edition)

Create successful ePaper yourself

Delete template?

Save as template?