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Seven reasons why you should establish a business in Cyprus
August 18, 2020
Cyprus is the third largest island in the Mediterranean and has a ton of business opportunities for locals and foreigners despite its small size. Setting up a business on the island as an immigrant offers benefits including profitable international ventures and tax planning purposes.
Several factors make Cyprus a great business destination. These include economic stability, a strong consumer market backed by a high per capita income, which promotes the tertiary service industry, and a modern free-market economy. The country also enjoys a good political climate and its strategic location at the intersection of Africa, Europe and Asia makes it network well with other countries.
The following are several reasons why you may want to consider setting up a venture in Cyprus: