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INVEST IN CYPRUS

INVEST IN CYPRUS. by Ambassador Georgios Zodiatis Helsinki 25/9/2019. ΚΑΛΗΜΕΡΑ - GOOD MORNING - HUOMENTA. INTRODUCTION. Cyprus is a modern, cosmopolitan and transparent business center offering opportunities for investment across a wide range of sectors.

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INVEST IN CYPRUS

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  1. INVEST IN CYPRUS by Ambassador Georgios Zodiatis Helsinki 25/9/2019

  2. ΚΑΛΗΜΕΡΑ - GOOD MORNING - HUOMENTA

  3. INTRODUCTION Cyprus is a modern, cosmopolitan and transparent business center offering opportunities for investment across a wide range of sectors. Cyprus is committed to offering a high quality, duly regulated service and unique set of competitive advantages that ensure the best possible experience for investors and businesspeople worldwide. Apart from continuously improving the business climate, increasing competitiveness and ensuring a stable and robust economic environment, Cyprus aims at further diversifying its economy by developing new sectors with high potential, such as energy, start-ups and innovation and investment funds, while enhancing its edge in areas in which it has traditionally excelled such as tourism, real estate and shipping.

  4. Cyprus’ GDP Total GDP at Market Prices: €20.7 billion GDP per Capita: €23,846.8 GDP Growth: 3.9% (2018) 3.4% (first quarter 2019) 3.2% (second quarter)

  5. ECONOMIC SECTORS • Tourism • Financial Services • Real Estate • Shipping Industry

  6. GENERAL • Languages: Greek and Turkish (official). English widely spoken and used in Business • Literacy: 97.6% • Median Age: 37,2 years • Population Growth: 0.2%

  7. USEFUL INFORMATION • Corporate Tax Rate: 12.5% • Accounting Standards: IFRS • Inflation: 1.2% (May 2019) • Unemployment: 6.9% (April 2019) • Main trading partners:Greece, United Kingdom, Germany, Italy, France, China • Legal System: based on English Common Law, with civil modifications

  8. REASONS TO INVEST IN CYPRUS Positive economic outlook Attractive tax regime Strong business support services Access to talent Low cost of doing business Access to markets Excellent regulatory structure Quality of life

  9. TAX INCENTIVES • Double Taxation Treaties with more than 60n countries, including Finland • One of lowest EU Corporate Tax Rates: 12, 5% • Dividend income exemption based on relaxed conditions • No withholding tax on outgoing dividend, interest or royalty payments • Gains from trading in securities are tax exempt • Notional interest deduction for investment into Cypriot companies • Attractive personal tax regime for international professionals and non-domiciled individuals • Tax deduction for investing in startups

  10. FURTHER INFORMATION https://www.cyprusprofile.com/en/cyprus-country-report/ The latest 2019 Cyprus country report which includes the below valuable information:  •       EU Economic forecast for Cyprus •       FDI most significant sectors •       Testimonials by investors “Why did you invest in Cyprus” •       Interview by Minister Mr. YiorgosLakkotrypis •       Other articles on different sectors and their development and how these sectors support the Cyprus economy today: Energy, Shipping, Funds, Tourism and others https://www.cyprusprofile.com/en/country-information/at-a-glance/ Latest business Figures for Cyprus

  11. Thank you for your attention!

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