DOING BUSINESS WITH THE REPUBLIC OF CYPRUS
This first edition of Doing
Business with the Republic of Cyprus is the definitive guide to business
practice and commercial opportunities in Cyprus, providing authoritative and
practical advice for any organization planning or currently investing and
trading in Cyprus.
In recent years Cyprus has
developed into an international centre for transit trade, tourism, international
business and maritime activities as well as banking and business services. This
successful transformation process was based on the exploitation of the
comparative advantages of Cyprus. The most important are the strategic
geographic location of the island, the prevalence of conditions of macroeconomic
stability and social cohesion, the high quality of life, the high educational
level of its manpower, the favourable fiscal environment, the low by
international standards cost of living as well as the modern infrastructure and
telecommunications. In fact an increasing number of businesses from all over the
world are presently using Cyprus as their base and are establishing joint
ventures with the locals. Furthermore, the strength and dynamism that
characterizes our business community is another major factor which encourages
foreign investors to co-operate with Cyprus and consider it as a potential
With accession to the
European Union set for May 2004, the Government of Cyprus is exerting a major
effort to encourage increasing levels of foreign investment across the economic
spectrum. Thus the time is ripe for international business to examine closely
what Cyprus has to offer. This applies to the whole spectrum of industry, from
banking, finance, insurance and manufacturing (especially high technology), to
tourism, international trade and shipping. This applies equally to companies
simply seeking a base for exploring the eastern Mediterranean and eastern
Europe, with both of which Cyprus has a close affinity.
Information for this book
and the Web site has been supplied by a unique network of contacts in Cyprus
including the Central Bank of Cyprus, Chrysses Demetriades & Co. Law Office,
the Cyprus Stock Exchange, and the Cyprus Securities and Exchange Commission.
Other valuable sources include local offices of Deloitte & Touche.
Topics covered include:
edition of Doing Business with the Republic of Cyprus will provide the
business person with the latest information on the country’s markets. This
indispensable guide contains a wealth of practical information and expert
analysis from professionals operating in Cyprus.