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Country Description

Cyprus, with its warm and stable climate and convenient geographical position, is an important hub in the heart of the Mediterranean, at the crossroads of Europe, Africa and Asia. It considered an attractive place for both business and residence. The investment landscape in Cyprus is beneficial due to the island’s well-qualified labor force, attractive taxation and a reliable transport and telecommunications system. The economy is rapidly recovering from recent recession through significant activities in the shipping, tourism, the legal and financial services sectors, and has also seen a surge in foreign investments and developments, property and investment values. Cyprus has a modern, free-market, service-based economy, where in conjunction with its effective and transparent regulatory and legal framework, it offers international investors and businesses confidence to invest, grow and prosper. Cyprus is an active member of the European Union, with a high-income economy and a business-friendly environment. Indeed, Cyprus has the lowest corporate tax rate in the entire European Union – currently standing at 10%. Moreover, Cyprus is ideal for families and students, as it has a world-class education system to which 7% of the country’s GDP is directed every year.

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