Cyprus has a robust offer for Corporate Headquarters

28/11/2020

Established companies favour Cyprus as a destination for their corporate headquarters. We offer a robust environment, with a well-educated and internationally oriented workforce, close proximity to businesses, services and transportation, low cost structure and room for expansion. It is a member country of the European Union.

Talent Pool: Cyprus boasts a workforce with 55% of its workers hold a university degree. There are more than 100,000 workers from EU countries in Cyprus, and employers can take advantage of the entire EU talent pool too.

A Growing Tech Hub: Cyprus workers are more flexible and more easily adaptable to new technology than that of other countries, since the island maintains the youngest workforce in the European Union.

Language: According to the Eurobarometer, 76% of people in Cyprus speak English.

Safety: Cyprus offers a secure environment, and is ranked 5th worldwide in terms of safety and 1st among smaller countries.

Quality of Life: Cyprus maintains a high quality life, and lively cosmopolitan cultural scene along with eight months of summer to enjoy the blue flag-awarded beaches and mountains.

Strategic Location: Located at the crossroads between three continents (Africa, Asia and Europe), Cyprus has longstanding connections with Europe, Eastern Europe and the Middle East.

Education: Cyprus offers wonderful opportunities of receiving top quality education in the national school curriculum, whether public or private English schools.

Connectivity: Larnaca International Airport is ranked second in its category by ACI Europe for air connectivity. There is also quick access to North America, Europe, the Middle East and Asia, making it much easier to find business partners when they are only a short flight away. A second airport in Paphos connects EU.

Services: Cyprus accounts close to €10 billion in exports per year.  Well established connections with the UK, Eastern and Western Europe, and the Middle East facilitates growth of an international business in Cyprus.

Legal System: The legal system in Cyprus is firmly rooted on common law principles with full application of EU-law.

Expansion: The island has vast amount of space around cities that is available for development. Making it possible to be located in the city centre, with large facilities within easy reach.

Low Cost Structure: Cyprus offers low cost of living, lower expenses, low taxes, low cost of services, and the lowest corporate tax in the EU with a basic rate of 12.5%. Professional services are sharply less expensive that in most other developed EU countries, without compromising in quality, which is why Cyprus exports about $1 billion annually in professional services to the UK.

These are the hard facts that show why many successful companies have made Cyprus their corporate headquarters.