Since 1975 when the authorities, anxious to diversify the economy, first began to attract overseas companies operating abroad, Cyprus' expansion as an international business centre has been rapid. Now the island's enormous potential is being fully realised and, largely through the efforts of an aggressive, adventurous private sector, the country has come into its own as a dynamic financial base.
Cyprus' convenient geographic location, the existence of legislation based on English law and principles, the provision of substantial tax incentives, its excellent commercial infrastructure, low operational costs and very good telecommunications are only a few of the factors which have helped Cyprus to attract foreign investors.
The purpose of this publication is to assist clients and associates in clarifying and appreciating the range of opportunities which are available in or through Cyprus. Although every effort has been made to provide the reader with a clear and comprehensive picture of the island's beneficial regime, it should be appreciated that is not possible to cover all aspects comprehensively in a publication of this size.
Individuals or companies who are seriously considering using Cyprus for any of their international business activities are advised to obtain expert professional advice before taking positive action.