fbpx

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

Euro

OFFICIAL LANGUAGES Greek & Turkish

(business generally conducted in English)

MEMBERSHIPS

EU & Eurozone United Nations Council of Europe Commonwealth World Bank & IMF

TOTAL POPULATION

0

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

0
(persons per km2)

Bright Sunshine Hours/day

5.5 Winter
11.5 Summer

Annual Rainfall

0
mm

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
Higher Education &
training
28th
Goods
market
efficiency
34th
Labor
market
efficiency
45th
Technological
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

Standard & Poor’s

BB-

Fitch

B1

Moody’s

12.5 %

Corporate Tax
1st

1st among smaller Countries
5th Worldwide Value Penguin Safest Countries in the World 

5th
 best relocation destination
Knight frank Global Lifestyle Review (out of 23 countries)
 
18th
Bloomberg 2017,
 Heathiest Country Index
 
 
47th

World Bank’s 2017 Doing Business
Report (out of 190 countries)

13th

Global Passport Power Rank 2017
144 Visa-Free Countries