The importance of location in business should never be overlooked. While the right location can present your business in a positive light, an inconvenient or unfavourable location could negatively impact your potential income, increase your expenses and compromise your business’ prospects for growth. Benefits of Relocating to Cyprus
Cyprus is an extremely favourable business destination offering the ideal environment for your business to thrive. This strategically located country is situated at the crossroads of Europe, Africa and Asia, thus strengthening its position as a chief Eastern Mediterranean trading post. The island is also a prominent international business and services centre offering strategic access to new markets. As a European Union and Eurozone Member State, businesses benefit from utmost stability and safety, as well as complete access to EU markets and the associated benefits.
One of the most notable benefits of relocating to Cyprus for business is the country’s efficient and transparent tax system, which is fully compliant with EU, OECD and international regulations. Businesses based in the country benefit from a uniform 12.5% corporate tax rate, which is one of the lowest in Europe. There are also extensive double taxation treaties. These have been implemented between Cyprus and around 45 other countries within and outside of the EU, all of which reduce the cost of doing business in the country.
The process of registering a company in Cyprus is quick and straightforward, particularly when you employ the services of a corporate, financial and legal firm, such as Prospectacy LTD., which offers a quick and agile approach to relocating to Cyprus. Once the appropriate documentation is submitted to the Registrar of Companies, it takes just five working days to complete the procedure, therefore ensuring that bureaucracy is kept to a minimum. Prospectacy takes a very proactive approach to Cyprus business relocation, ensuring any challenges or issues are identified and appropriately dealt with.
Cyprus has a modern and highly developed banking system that supports the diverse needs of businesses. There are plenty of professional services available, including asset management, custodian services, investment banking, and syndicated loans, all of which are able to support the operation of international firms.Further, the island is renowned for its highly skilled and multilingual workforce, meaning that business owners have easy access to specialist legal, accounting, consultancy and financial advisory services. Firms such as Prospectacy benefit from a multi- disciplinary, fully qualified team of professionals. With Prospectacy, you will be appointed a dedicated team who will create a bespoke relocation process designed to meet your unique business needs.
Over the years, Cyprus has invested heavily in superior telecommunications, shipping and road and air transport. The country is regarded as a world-leading telecommunications centre, thanks to state-of-the-art satellite and submarine fibre optic cables which connect it to most other continents including Europe, the Middle East and Asia.
With an array of advantages, Cyprus remains one of the most desirable locations for business relocation. With the support of Prospectacy, businesses seeking to relocate to Cyprus will benefit from a wide range of expert services, including migration, office formation, corporate, financial and legal services. All processes and procedures are fully compliant with Cyprus laws and regulations, and are completely tailored to the needs of the individual business, at every stage of the process