Business Opportunities in Cyprus

The Recent economic downturn on the island has proved to be a breeding ground for investors seeking to exploit the many business opportunities available on the market following the significant fall in real estate prices. Currently, premium real estate is being made available for sale at below market value prices. The impact this has had on the economy is the buying out of commercial, industrial and residential real estate properties, by investment firms at a fraction of the price whilst at the same time taking advantage of the property by renting or leasing. The common investment strategy that is being employed by the investment firms is the exploitation of recent economic downturn.

Over and above the real estate opportunities available, following the economic downturn is also the many other benefits Cyprus has to offer to any business seeking to expand and grow.

The country’s unique geographical location at the crossroads of three continents, its advanced infrastructure and services, as well as the very competitive shipping taxation and other strategic advantages, make Cyprus the ideal location for ship owning, ship management, ship chartering and ancillary shipping-related services.

Besides the shipping industry benefits, Cyprus offers significant tax benefits. The corporate tax in Cyprus is just 12.5%, Cyprus is also a party to a vast network of double tax treaties. Cyprus also has the lowest IP tax in Europe, of up to 2.5%, thereby making it a popular destination for start up companies and Holding companies.  Furthermore, the recent discovery of hydrocarbon reserves in the territorial waters of Cyprus, has opened new markets in the oil and Gas Sector.