Cyprus is the third largest island in the Mediterranean, which is a beneficial reason for large companies to move to the island. Doing business across three continents is indeed a strong reason for relocation.
The wide range of services makes starting and running a business in Cyprus an easy task to implement, since there are low set-up costs and fast filing. The island’s corporate, legal and regulatory environment alongside its wide network of tax treaties with the EU and third countries are just some of the reasons why it is considered an attractive jurisdiction to headquarter corporate offices.
Cyprus has the youngest workforce in Europe, fully adaptable to the demands of a globalized and regionalized ever changing economy. Cyprus’s legal system is firmly rooted in common law principles and fully applies EU law. Thus, prospective corporations also enjoy legal stability and transparency, and full access to European markets without barriers, tariffs, or bureaucracy.