What Is It Like To Start A Business In Cyprus?

Why not work in the sun...

With the weather in the UK leaving a lot to be desired most, if not all the time, there are a growing number of businesses that are seriously considering moving their entire enterprise to sunnier climbs. One of the most popular destinations looked at by UK businesses is Cyprus. <br/><br/> Cyprus is a Eurasian island located south east of Europe to the south of Turkey. It is a country which many UK tourists may well have visited on a summer holiday as it has been extremely popular among package tourists for many years. As it is an island, it has a large amount of sunny coastline and beaches as well as a vibrant history for people to explore. <br/><br/> Cyprus is not only looked at as a desirable business location because of the weather. One reason it is such a good location is the fact that it is ideally located at the corner of three continents: Europe, Africa and Asia. This means that being set up in Cyprus, a business can make itself available to a much wider audience easier, than if it was at the other end of Europe in the UK. <br/><br/> So What's It Like Starting Up There? <br/><br/> With Cyprus being a popular destination for businesses, there are large numbers of organisations dedicated to helping you move your business to the Mediterranean. The banking, legal and financial services in Cyprus are perfectly set up to receive new British businesses and with the global economic downturn having less of an effect on businesses in Cyprus, there could never be a better time to start up there than now. <br/><br/> Not only this, Cyprus has the lowest corporate tax in the European Union at only 10%, making it ideal for holding companies. It has tax treaties with a large number of countries and survey compiled by the World Bank entitled "Ease of Doing Business", Cyprus was listed 40th out of 183 countries. <br/><br/> The countries island location also means that it is an excellent place from which to base shipping companies, especially as mentioned before; it sits at the corner of three continents. As a result a Cyprus offshore company is the ideal setup for any business just setting out or aspiring to grow, and with services available to handle Cyprus company incorporation there couldn't be a better time to get started. <br/><br/> All evidence points to the fact that starting your business on Cyprus, or moving your business to Cyprus, would be a great decision. There is much help for businesses making the move, tax incentives, and business incentives. With a multilingual labour force available to compliment your new business and a beautiful sun already there...what are you waiting for? <br/><br/> <br/><br/>

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