2023 Doing Business in Cyprus (UK Edition)
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DOING BUSINESS C YPRUS<br />
42<br />
UNITED KINGDOM EDITION<br />
<strong>Cyprus</strong> has been a convenient base for many<br />
British companies for decades, <strong>in</strong> your view<br />
what factors have contributed to the appeal<br />
of <strong>Cyprus</strong> as a bus<strong>in</strong>ess jurisdiction?<br />
The <strong>Cyprus</strong> market offers advantages<br />
to British companies and at the same<br />
time the <strong>UK</strong> is an attractive market<br />
for Cypriot companies to develop and<br />
grow their bus<strong>in</strong>ess activities. There are<br />
some common positive factors <strong>in</strong> both<br />
markets such as the use of Common Law,<br />
availability of well-tra<strong>in</strong>ed and highly<br />
IFor <strong>UK</strong> companies, <strong>Cyprus</strong> can<br />
also offer easier access to<br />
regional markets <strong>in</strong> the East<br />
Mediterranean and the Middle<br />
East and of course to EU markets.<br />
educated labour force and of course the use of the English language. For <strong>UK</strong> companies,<br />
<strong>Cyprus</strong> can also offer easier access to regional markets <strong>in</strong> the East Mediterranean<br />
and the Middle East and of course to EU markets. <strong>Cyprus</strong>, like the <strong>UK</strong>, is a favourable<br />
tax jurisdiction. So, for <strong>UK</strong> firms a presence <strong>in</strong> <strong>Cyprus</strong> is of course beneficial and<br />
collaboration and jo<strong>in</strong>t ventures between companies <strong>in</strong> the two countries offer more<br />
benefits to both bus<strong>in</strong>ess communities.
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