In view of its strategic location, situated in the eastern part of the Mediterranean sea at the crossroads of Europe, Asia and Africa, Cyprus has since ancient times been regarded as an important international business centre.
In addition, its past historical connection with the United Kingdom has given it the advantages of English based legal, accounting and banking systems, which have contributed to the development of the infrastructure necessary for Cyprus's growth as a financial centre. Cyprus law closely follows English law and nearly all the major international accounting firms are represented on the island. The local law firms are of a very high calibre, many of them specialising in international trusts, international tax planning and finance.
