Why Investing in Cyprus is a good idea.
The Excellent performance of Cyprus has made it an investment stronghold, attracting international business and foreign direct investments. The outstanding results in major industries made Cyprus one of the top global hubs for investment opportunities.
The discovery of significant natural gas reserves in the Cypriot EEZ has enabled the country to develop into a strategic player in the natural gas market in the region and establish itself as a prospective alternative supply source. In April 2017 ENI, TOTAL, ExxonMobil and Qatar Petroleum singed contracts for research purposes with the Cyprus government.
MARITIME & SHIPPING
Cyprus hosts the largest third-party ship management centre in the EU, underlining the success of the country’s formidable maritime sector. The Cyprus Registry is classified as the tenth largest merchant fleet in the world and the third largest fleet in the EU and flying its flag are some 1100 ocean-going vessels and 767 non-convention size vessels, totalling a gross tonnage of approximately 22 million.
Based on the statistical services of the Republic of Cyprus revenue from tourism reached €402,2 mn in July 2016 compared to €342,1 mn in the corresponding month of the previous year, recording an increase of 17,6%. For the period January – July 2016 revenue from tourism is estimated at €1.233,4 mn compared to €1.073,0 mn in the corresponding period of 2015, recording an increase of 14,9%. (Source: Trading Economics)
From the very competitive tax structure to the great lifestyle that the island is offering, Cyprus is one of the most compelling investment destinations. Investors are attracted by the improved economic environment, large scale projects, privatizations and the strong overall business culture of the country.