Cyprus is strategically situated in the south eastern Mediterranean sea at the cross-roads of Europe, Africa and Middle East and covers an area of 9.251 sq. km. (3.568 sq. mi). Cyprus has a pleasant Mediterranean climate with dry, hot summers and mild winters. Cyprus time is two hours ahead of Greenwich Mean Time (GMT).

The population in the government controlled area of Cyprus is about 800.000 with the vast majority being Greek - Cypriots. Cyprus is considered to have one of the lowest crime rates in Europe, which together with its climate and infrastructure make it an ideal place to live and work.

English language is widely spoken and used both in business and government sectors. Greek, Turkish and English are the official languages and as a consequence government documents are also published in English.

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Why Cyprus?
  • Cyprus has a well-functioning common law legal system which has its origins in the English legal system. Support businesses, excellent telecommunications, air and port connections.
  • Excellent banking facilities are also available with a number of onshore banks with international presence offering internet banking as one of their services.
  • Lowest corporate tax rate in the European Union – 12,5%
  • In addition shareholder nominee services may be used to safeguard anonymity of beneficial owners.
Types of business allowed

Cyprus jurisdiction is especially suitable for setting up intermediary holding companies due to the island's combination of tax treaties and low-tax regime.

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