1. Efficient Banking and other Professional Services
The Cypriot banking system is properly designed for ease of doing business.
Cyprus has a very organized banking system that consistently takes care of the diverse needs of individuals as well as companies.
Also, there is a large pool of professional and highly skilled, and educated professionals who are willing to offer their services.
These multilingual professionals can help you in Greek, Turkish, Russian, and English; this is what I call consultancy at its peak! Investors can get magnificent; legal, accounting, management consultancy, and other professional services for great prices.
2. Infrastructural development
Cyprus has experienced immense growth in key areas that support the growth of businesses. With huge investments in telecommunications, shipping, and transportation.
The country can boast of world-class infrastructure which makes business and life much easier.
With great road networks which allow for ease in the movement from one point to another. Also, the country has 2 world class international airports which play a very key role when it comes to linking Cyprus to other parts of the world.
The country also has 2 deep seaports located in Larnaca and Limassol respectively.
3. Connection to Europe
Since gaining membership into the European Union in 2004, Cyprus has maintained connections to the European Continent. Today, the country has become a guaranteed entry point into the European sphere for those who can afford to.
Also, Cyprus’ EU membership can be seen as a vote of confidence to investors that Cyprus is a stable and safe haven for investments. Cyprus is considered a telecommunications center in Europe due to its satellite and submarine fiber optic cables that connect it to other parts of Europe. As a result of this, the country has lightning-speed fast internet.
The country’s location is one of the major selling points when it comes to getting foreign investments. Cyprus is located between Africa, Europe, and Asia.
This puts the country in a vantage position that allows it to act as an exchange point for countries on all three continents. Cyprus is an active center when it comes to facilitating the shipment of goods in and out of Europe.
Cyprus offers investors a unique opportunity to obtain a permanent residence permit which can lead to a subsequent Cyprus/EU citizenship.
Although similar schemes in other countries would normally take over 6-8 years, you can secure Cypriot citizenship within 3-4 months. A major upside to the citizenship that is offered by Cyprus is that it does not require the investor to reside in Cyprus; neither does it require them to become tax residents.
This’s a major reason to invest in Cyprus.