2022-2023 Cyprus Country Report

More documents

Recommendations

Info

CYPRUSCOUNTRY REPORT 2022 HEADQUARTERING HQ Magnet Cutting-edge tech companies from around the world are flocking to Cyprus, highlighting a rising trend of international business migrating to the island and strengthening the HQ hub’s growing innovation ecosystem. 44
CYPRUSCOUNTRY REPORT 2022 Cyprus is gaining traction as a headquartering (HQ) destination – and particularly with tech companies from all over the world. Although the island has enjoyed a strong reputation as an established international business centre and influential global shipping hub for decades, its appeal as an attractive jurisdiction for communications and technology companies is rapidly growing. There are many factors that have contributed to this rise in interest in Cyprus. Its geographical location, advantageous regulatory framework and EU membership coupled with convenient EMEA access have already attracted many companies to set up operations and regional headquarters on its shores. Another key factor often cited by companies choosing Cyprus is the safe and relaxed Mediterranean lifestyle it offers expat professionals and their families. However, the more recent boost has come from the country’s strong focus on investing in and building up its communications and technology infrastructure and the introduction of new incentives geared at facilitating more non-EU business. EASE OF DOING BUSINESS Another key attraction for companies to relocate strategic operations to the island has been the fact that set-up and operational costs are comparatively low when looking at more mature jurisdictions on mainland Europe – a big deciding factor for many companies in today’s economic climate. Doing business in and from Cyprus is simple and straightforward. The country has modern infrastructure and telecommunications. A transparent regulatory and legal framework and a strong financial and professional services base with decades of solid international experience. Cyprus has more than 4,000 registered accountants and 700 registered accounting firms – which include all major global firms – and more than 3,000 registered lawyers and around 160 law firms. It has an advantageous EUapproved tax regime with numerous incentives for corporations and individuals alike. Cyprus provides direct access to the EU Single Market of half a billion consumers and its geostrategic location between three continents provides efficient access to the wider EMEA region. Thanks to this, Cyprus enjoys business-friendly time zones, enabling international companies to do business with the East in the morning, Europe throughout the day and with the West in the afternoon. In addition, the island has good air connectivity through two international airports with major cities in Europe and key destinations in Asia, North Africa and the Middle East, as well as sophisticated ports to support operations. As a secure EU environment in an often turbulent region, Cyprus is an especially ideal base for regional headquarters or ancillary and support services for investors with clients in the wider Eastern Mediterranean and Middle East region. For example, prominent news organisation AFP, has capitalised on this aspect and uses the island as their base between Europe and the Middle East due to its security, convenient time zone and travel times, and reliable communication infrastructure. IIts geographical location, advantageous regulatory framework and EU membership coupled with convenient EMEA access have already attracted many companies to set up operations and regional headquarters on its shores. 45
Page 1 and 2: TheProfilerGroup Global Edition 202
Page 3 and 4: The New Equation The New Equation i
Page 5 and 6: Aboveall Your ultimate destination
Page 7 and 8: CYPRUSCOUNTRY REPORT 2022 CYPRUS DA
Page 9 and 10: There are new competitors with a fr
Page 11 and 12: CYPRUSCOUNTRY REPORT 2022 The divis
Page 13 and 14: CYPRUSCOUNTRY REPORT 2022 INTERNATI
Page 15 and 16: CYPRUSCOUNTRY REPORT 2022 Cyprus in
Page 17 and 18: CYPRUSCOUNTRY REPORT 2022 investor
Page 19 and 20: CYPRUSCOUNTRY REPORT 2022 Kourion c
Page 22 and 23: CYPRUSCOUNTRY REPORT 2022 ECONOMY G
Page 24 and 25: CYPRUSCOUNTRY REPORT 2022 6.0 REAL
Page 26 and 27: CYPRUSCOUNTRY REPORT 2022 CURRENT A
Page 28 and 29: CYPRUSCOUNTRY REPORT 2022 FDI LIABI
Page 30 and 31: CYPRUSCOUNTRY REPORT 2022 FOREIGN D
Page 32 and 33: CYPRUSCOUNTRY REPORT 2022 other Eur
Page 34 and 35: CYPRUSCOUNTRY REPORT 2022 PORTS AND
Page 36 and 37: CYPRUSCOUNTRY REPORT 2022 Aphrodite
Page 38 and 39: CYPRUSCOUNTRY REPORT 2022 Artist Im
Page 40: CYPRUSCOUNTRY REPORT 2022 attract n
Page 43: CYPRUSCOUNTRY REPORT 2022 The missi
Page 47 and 48: CYPRUSCOUNTRY REPORT 2022 provider
Page 49 and 50: CYPRUSCOUNTRY REPORT 2022 BENEFITS
Page 51 and 52: CYPRUSCOUNTRY REPORT 2022 RESIDENCE
Page 53 and 54: CYPRUSCOUNTRY REPORT 2022 FAMILY RE
Page 55 and 56: THERE IS A PLACE WHERE… you have
Page 58 and 59: CYPRUSCOUNTRY REPORT 2022 BUSINESS
Page 60 and 61: CYPRUSCOUNTRY REPORT 2022 BUSINESS
Page 63 and 64: CYPRUSCOUNTRY REPORT 2022 COMPARISO
Page 65 and 66: CYPRUSCOUNTRY REPORT 2022 Taxation
Page 67 and 68: CYPRUSCOUNTRY REPORT 2022 PERSONAL
Page 69 and 70: CYPRUSCOUNTRY REPORT 2022 SUBMISSIO
Page 72 and 73: CYPRUSCOUNTRY REPORT 2022 TRAVEL &
Page 74 and 75: CYPRUSCOUNTRY REPORT 2022 In more r
Page 76 and 77: CYPRUSCOUNTRY REPORT 2022 Cultural
Page 78 and 79: CYPRUSCOUNTRY REPORT 2022 PUBLIC TR
Page 80 and 81: OPERATIng 24/7, 365 DAyS AT LARnAkA
Page 82 and 83: CYPRUSCOUNTRY REPORT 2022 EDUCATION
Page 84 and 85: CYPRUSCOUNTRY REPORT 2022 PERSONAL
Page 86 and 87: CYPRUSCOUNTRY REPORT 2022 STANDARD
Page 88 and 89: CYPRUSCOUNTRY REPORT 2022 ➋LIMASS
Page 90 and 91: CYPRUSCOUNTRY REPORT 2022 90
Page 92 and 93: CYPRUSCOUNTRY REPORT 2022 PROPERTY
Page 94 and 95:
asgleasing.cy Leasing. Simple. For
Page 96 and 97:
CYPRUSCOUNTRY REPORT 2022 ACCOUNTIN
Page 98 and 99:
CYPRUSCOUNTRY REPORT 2022 LAW FIRMS
Page 100 and 101:
CYPRUSCOUNTRY REPORT 2022 ACCOUNTIN
Page 102 and 103:
CYPRUSCOUNTRY REPORT 2022 ASSOCIATI
Page 104 and 105:
CYPRUSCOUNTRY REPORT 2022 ASSOCIATI
Page 106 and 107:
CYPRUSCOUNTRY REPORT 2022 CONSULTIN
Page 108 and 109:
CYPRUSCOUNTRY REPORT 2022 CORPORATE
Page 110 and 111:
CYPRUSCOUNTRY REPORT 2022 FUND ADMI
Page 112 and 113:
CYPRUSCOUNTRY REPORT 2022 LAW FIRM
Page 114 and 115:
CYPRUSCOUNTRY REPORT 2022 LAW FIRM
Page 116 and 117:
CYPRUSCOUNTRY REPORT 2022 REAL ESTA
Page 118:
TheProfilerGroup 16, Elia Papakyria
show all

2022-2023 Cyprus Country Report

You also want an ePaper? Increase the reach of your titles

Delete template?

Save as template?