Useful Information for Cyprus Relocation

Economy

Stable economy with high level of education and high calibre staff available

Legal System

Anglo English Legal System established (common law)

Language

English language is a second language in the island

EU Membership

Since 2008

Tax Treaties

More than 55 double tax treaties

Business Costs

Significantly lower operational costs compared to other EU countries

Characteristics

Very modern country with population of approximately 800,000

Professional Services

High level of services offered by accountancy and legal firms 

Access

Easy access from Europe, Middle East and the rest of the world via flight

Local Transport

Excellent public transport and infrastructure

Currency

Euro

Time Zone

UTC + 2 (Eastern European)

Incorporation of Companies

Between: 1 day - 1 week (depending on clients request)

Registration of Company Names

Between: 3 working days

Opening of Bank Accounts

Between: 1 - 2 working weeks

Information needed