Cyprus is very well placed as an international business and financial centre.

Apart from its strategic geographical location, attractive climate, relaxed way of life and high living standards, Cyprus offers an excellent commercial infrastructure, a highly educated English-speaking labour force and a business-friendly environment, particularly in the area of taxation, ensuring flexibility and opportunities for investors. Good airline connections and telecommunications and increasing alignment with the European position in matters of culture and trade make it an effective bridge between East and West. Cyprus became a full member of the European Union in 2004.

The main advantages of the jurisdiction; clear-cut regulations in the sphere of international banking and financial services, the regulatory framework is designed to maintain the respectable and responsible reputation of Cyprus while allowing businesses to conduct their activities effectively and efficiently, in an environment as free as possible from onerous bureaucratic restrictions. Furthermore, it has the lowest corporate tax rate among EU countries with companies being subject to a uniform tax rate of 10%.