2023-Cyprus-Country-Report
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CYPRUSCOUNTRY REPORT <strong>2023</strong><br />
<strong>Cyprus</strong> can also serve as a strategic location for UK companies<br />
choosing to retain a presence in Europe. Human talent, an attractive<br />
IP regime, alongside a thriving professional services industry,<br />
means that <strong>Cyprus</strong> is able to offer significant<br />
benefits to businesses seeking to build<br />
headquarters in Europe.<br />
BENEFITS OF<br />
A CYPRUS HQ<br />
LIFESTYLE<br />
u Low crime rates – ranked as one<br />
of the safest countries in the<br />
world<br />
u Easy integration for expats<br />
u Quality healthcare and<br />
educational facilities<br />
u High quality of life in a safe<br />
location<br />
u English-speaking society<br />
u Great climate with 340 days of<br />
sunshine<br />
u Wide range of real estate options<br />
with competitive prices<br />
52<br />
Mitsubishi UFJ Financial Group, expanded<br />
with the opening of a new operational<br />
centre in Limassol. The new office<br />
provides key infrastructure necessary to<br />
support MUFG Investor Services’ rapid<br />
growth across Europe.<br />
Other prominent players that have<br />
chosen <strong>Cyprus</strong> are TheSoul Publishing,<br />
one of the largest online publishers<br />
in the world with 1.5 billion followers.<br />
The company develops videos across<br />
100 channel brands in 19 different<br />
languages, including some of the mostsubscribed<br />
YouTube channels such<br />
as 5-Minute Crafts, Slick Slime Sam<br />
and Bright Side. Innovative software<br />
company BrainRocket is aiming to make<br />
<strong>Cyprus</strong> a central software hub in Europe,<br />
while global leader in trading and risk<br />
management for capital markets Murex<br />
is also bolstering its EMEA footprint<br />
from <strong>Cyprus</strong>. Medicover, a multinational<br />
specialised diagnostic and healthcare<br />
services provider has invested in Cypriot innovative biotech, while US business<br />
process outsourcing provider SYKES – now part of Sitel Group – has been expanding<br />
its operations in <strong>Cyprus</strong> over the last five years. The island is also home to the biggest<br />
names in the global shipping industry, such as Bernhard Schulte Shipmanagement<br />
(BSM) and Columbia Marlow, one of the world’s largest ship and crew-management<br />
companies.
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