Cyprus: An international business hub with an attractive environment for companies and foreign investments

Cyprus is an international business hub offering a dynamic and practical legislative framework for companies. Its strategic location in the Eastern Mediterranean, competitive tax rates, and modern legal system make it an ideal destination for foreign investments.

The country also boasts a skilled workforce and a favourable business environment, particularly for high-value companies and professionals.

With the growth of the non-dom sector, Cyprus continues to strengthen its position as a top choice for international clients and businesses.

Focus on Cyprus at the Non-Dom Gathering 2024

Cyprus was highlighted as a premier business destination during the Non Doms: The Cyprus Private Client Offering Gathering 2024, organised by IMH in collaboration with Invest Cyprus in London, UK.

A panel discussion titled “Cyprus: An International Business Centre with an Attractive Framework for Corporates” explored the country’s appeal.

Key Insights from the Panel

Ease of doing business

Christos Neokleous, Consultant at Tsirides Law, discussed the ease of setting up and operating businesses in Cyprus. He highlighted the advantages of Cypriot companies and outlined the key processes entrepreneurs need to be aware of when establishing a presence in the country

Tax benefits

Andreas Andronicou, Partner, Tax & Legal at PwC Cyprus, analysed the tax benefits of establishing a corporate presence in Cyprus. He explained how these advantages facilitate business operations in both Europe and global markets.

Legal aspects

Melina Dionysiou, Director/Head of Corporate at Totalserve, focused on the legal aspects of corporate operations in Cyprus. She emphasised the country’s reliable and business-friendly corporate law, which is based on the English Common Law System.

Why choose Cyprus?

The discussion underscored Cyprus’ unique combination of strategic advantages, including its competitive tax regime, skilled workforce, and business-friendly legal system. These attributes make it a standout choice for companies and investors looking for a stable and efficient business environment.

The conference "Non Doms: The Cyprus Private Client Offering Gathering 2024" kicked off with impressive participation in London.

The event is being held at the historic London Stock Exchange, attracting leading professionals from the fields of wealth management and international investment.

The conference is organised by IMH in partnership with Invest Cyprus and the Cyprus Investment Funds Association (CIFA), and sponsored by Alpha Bank Cyprus Ltd, Athlos Capital, Bank of Cyprus, Domenica Group, Limassol Greens, PwC Cyprus, Pyrgou Vakis LLC, Totalserve Group, PGE&Co and Tsirides Law.

• Read more:

The non-dom framework and why Cyprus is a destination of choice for HNWIs and their families

George Panteli: Consecutive upgrades of Cyprus' economy and opportunities for foreign investors

M. Tannousis: Cyprus’ key advantages as a destination for High Net Worth Individuals

Cyprus’ non-dom regime in the spotlight: Remarkable turnout at IMH and Invest Cyprus conference in London (pics)