- Full member of European Union (EU) since 1st of May 2004.
- Geographically situated in the eastern Mediterranean Sea, at the hub of three continents, linking Europe with the Middle East, Africa and Asia.
- Placed in a strategic commercial location and historically, had always been a crossing point between Europe, Asia and Africa.
- Cyprus is one hour by air from Athens, Egypt and Israel, three hours from Dubai and Moscow and four hours from London.
- The island’s time zone is 2 hours ahead of Greenwich meantime, 7 hours ahead of New York and 7 hours behind Tokyo.
- A diversified, open-market economy with a high percentage of the workforce skilled in financial and professional services and information and communication technologies sectors.
- An international business hub with an attractive operating environment and modern commercial infrastructure.
- Established international business and shipping centre for the last 30 years.
- Macro-economic stability with successful economic performance.
- Highly qualified, well-educated and multilingual labour force.
- World class banking & professional services.
- One of the most popular overseas property and tourist destinations.
- Favourable corporate tax system
- Advantageous tax system for pensioners and expatriates.
- Royalty income advantages including a favourable Intellectual Property (IP) Box Regime.
- Full adoption of EU Directives.