ARTICLE
30 March 2010

Cyprus In Top 25% Of Economies For Ease Of Doing Business

EN
Elias Neocleous & Co LLC

Contributor

Elias Neocleous & Co LLC is the largest law firm in Cyprus and a leading firm in the South-East Mediterranean region, with a network of offices across Cyprus (Limassol, Nicosia, Paphos), Belgium (Brussels), Czech Republic (Prague), Romania (Budapest) and Ukraine (Kiev). A dynamic team of lawyers and legal experts deliver strategic legal solutions to clients operating in key industries across Europe, Asia, the Middle East, India, USA, South America, and China. The firm is renowned for its expertise and jurisdictional knowledge across a broad spectrum of practice areas, spanning all major transactional and market disciplines, while also managing the largest and most challenging cross-border assignments. It is a premier practice of choice for leading Cypriot banks and financial institutions, preeminent foreign commercial and development banks, multinational corporations, global technology firms, international law firms, private equity funds, credit agencies, and asset managers.
Doing Business 2010 is the seventh in a series of annual reports produced by the World Bank presenting objective indicators on business regulations and the protection of property rights that can be compared across 183 economies, from Afghanistan to Zimbabwe, on a consistent basis over time.
Cyprus Wealth Management
Elias Neocleous & Co LLC are most popular:
  • within Privacy, Strategy and Transport topic(s)

Doing Business 2010 is the seventh in a series of annual reports produced by the World Bank presenting objective indicators on business regulations and the protection of property rights that can be compared across 183 economies, from Afghanistan to Zimbabwe, on a consistent basis over time.

Regulations affecting 10 stages of a business's life are measured: starting a business, dealing with construction permits, employing workers, registering property, getting credit, protecting investors, paying taxes, trading across borders, enforcing contracts and closing a business.

This is the first time that Cyprus has been included in the report, and it has made a creditable debut, ranking fortieth of the 183 countries assessed for ease of doing business, comfortably in the top 25% and just behind the Nordic countries. Cyprus ranks above the European average in seven out of 10 categories.

The authors of the report commented that this is a successful first entry, given the increased rate of reform among other countries during the last year.

The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.

Mondaq uses cookies on this website. By using our website you agree to our use of cookies as set out in our Privacy Policy.

Learn More