Cyprus Facts
Lying at the crossroads of Europe, Asia and Africa, Cyprus has long served as a major Eastern trading post. It is a small country, but the 3rd largest island in the Mediterranean Sea.
With 10,000 years of history, the island’s strategic location has long made it a jewel in the crown of the powers of the day.
Cultural influences have come from all directions, with many civilizations leaving their mark on the island, contributing to the development of a rich and cultural heritage.
CURRENCY
OFFICIAL LANGUAGES Greek & Turkish
MEMBERSHIPS
EU & Eurozone United Nations Council of Europe Commonwealth World Bank & IMF
TOTAL POPULATION
Cypriot 74.5% Non-Cypriot 25.5%
TIME
+2 Hours
Ahead of GMT
Area/Size
9,251km2
(3,355km2 in the
occupied area)
Sunshine
340 days of sunshine/year
Population density
Bright Sunshine Hours/day
5.5 Winter
11.5 Summer
Annual Rainfall
Average Temperature
+13°C Winter
+34°C Summer
Low crime rate
Cyprus has lowest crime rate in EU
32nd
Open markets index 2015
International chamber of commerce
(out of 75 countries)
31st
Global innovation index 2016
INSEAD and the World Intellectual Property organisation (out of 128 countries)
48th
Economic Freedom index 2017
Heritage Foundation
(out of 180 countries)
48th
Economic Freedom index 2017
Heritage Foundation
(out of 180 countries)
4th
training
28th
market
efficiency
34th
market
efficiency
45th
readiness
65th
Competitiveness
World Economic Forum Report 2015-2016 (out of 144 countries)
Main Trading Partners:
- Russia
- China
- UK
- Greece
- Germany
- Italy
- Israel
- France
Why Cyprus?
A can-do business environment
Pro-business government
Easy access to decision makers
Highly skilled workforce
A safe and cosmopolitan lifestyle
Excellent infrastructure
Advantageous tax regime
Amazing location
Credit Rating (2016)
BB
BB-
B1
12.5 %
1st
1st among smaller Countries
5th Worldwide Value Penguin Safest Countries in the World
5th
Knight frank Global Lifestyle Review (out of 23 countries)
18th
47th
World Bank’s 2017 Doing Business
Report (out of 190 countries)
13th
Global Passport Power Rank 2017
144 Visa-Free Countries