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cyprus travel guide International Business and Services in Cyprus.
General information about Business in Cyprus island CYPRUS ISLAND GUIDE
The location of Cyprus, its business laws and low taxation of Cyprus provide an ideal environment to contact business or even set up a company Cyprus.
location of Cyprus in Europe
world location of Cyprus
Business Environment in Cyprus
Cyprus has in the past decades developed into an international business center with many foreign banks, and well over 1.000 overseas companies operating on the island.
It has also become an important shipping center and ranks sixth in the world as a maritime nation.
The most important international activities are: Trade, Marketing and Distribution, Ship management and maritime operations, business and professional consultancy, engineering and construction Services, commercial and merchant Banking, and Investment, holding and royalty companies.
The important geographical location of the island, its British modeled legal and administrative system, the availability of wide ranging professional services, the excellent infrastructure, the advanced telecommunications network and the widespread knowledge of English, are some of the factors that have helped create an ideal business environment for foreign companies.

Services in Cyprus
The services sector is the fastest growing area in Cyprus and today accounts for about 75.7 percent of GDP and 70.7 percent of the employed population of Cyprus is employed in this sector.
The sector includes tourism, transport and communications, trade, banking, insurance, accounting, real estate, catering, public administration and business and legal services.
Tourism (hotels and restaurants) in particular plays an important role in the Cyprus economy. Every year around 2.5 to 3 million tourists visit Cyprus

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The role of Cyprus as a regional services center is continuously being enhanced. See also general information and quick facts about Cyprus

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