An International Business Centre

Cyprus has gained a widespread reputation as an international business centre. The combination of advanced technologies and telecommunications, a beneficial tax regime and multinational citizens, along with the excellent geographical location and fantastic weather, make it an ideal place to headquarter your business.

Despite the country's inviting attitude towards foreign companies and third-country professionals, the government has recently launched a new action plan to accommodate further foreign investors in establishing their business in Cyprus.

CYPRUS: Action Plan 2022 for businesses and individuals

The Cypriot government introduced the new Action Plan in 2021 to motivate foreign companies. This new plan is ideal for companies who want to set up or expand their business activities in the country. It's particularly relevant to industries such as technology, shipping, biogenetics and biotechnology, pharmaceuticals, and research and development (R&D).