Cyprus has become one of the world's primary centres for information gathering and distribution. Most international news agencies and numerous publishing firms cover the whole of the Middle East and North Africa from the island. Among the factors that have contributed to this development are the guaranteed freedom of expression and the pluralistic political and social environment, combined with state-of-the- art telecommunications as well as an excellent network of connections by sea and air, not to mention the quality and cost of local services, including printing.
Cyprus is a home away from home for many foreign journalists and correspondents who travel to neighbouring countries whenever they are called to follow developments. In addition to their editorial work, publishing firms may have their newspapers, magazines or books printed in Cyprus for distribution broad, provided they obtain a permit under the Press Law. Such a permit may be secured quite easily at the time of the advocate's application to the Central Bank for the IBC's establishment.
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 from a local lawyer or accountant.
