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