Loading...
N. Pirilides & Associates LLC

A LEADING LAW FIRM WITH A REPUTATION FOR EXCELLENCE

Offering high-quality and effective legal advice

topic
HOME  /  ABOUT  /  CYPRUS

CYPRUS

CYPRUS: A global business centre

  • Bridge between three continents: Europe, Asia and Africa
  • EU member since 2004 and member of the Eurozone since 2008
  • Highly-educated English-speaking population/workforce
  • Good airline connections and telecommunications
  • Developed legal, institutional and professional infrastructure
  • High quality of primary, secondary and university education
  • Excellent climate and lifestyle
  • Safe environment forming a prime choice for families and retirees
  • Moderate local costs

 

WHY CYPRUS?

Economic & Business environment

  • Availability of attractive investment opportunities
  • Establishing and running a business is quick and simple with extensive business-support services
  • Open, free-market and service-based economy
  • Strong GDP growth and a fast-growing economy
  • Cyprus is classified among the high-income countries
  • High standard of living
  • Low tax country
  • Extensive Double Tax Treaty Network
  • Substantially lower operational costs than in mainland Europe
  • Great availability of office-space

 

The Corporate Tax rate is currently the lowest rate found amongst all the EU member states.

Cyprus has concluded an impressive number of treaties for the avoidance of Double Taxation with most European countries, Russia, USA, Canada, China, India, South Africa, Singapore as well as with several Arab countries.

Legal System

  • Our legal system follows the English legal structure and court procedures are very similar to those of the English system
  • Most laws have been officially translated into English granting foreigners the opportunity to acquaint themselves with the area of interest

Accounting system

  • Accountants and auditors are licensed and regulated whilst being qualified members of international accounting bodies
  • The accounting profession is bound to follow the international accounting and audit standards