Discusses key economic indicators and trade statistics, which countries are dominant in the market, the U.S. market share, the political situation if relevant, the top reasons why U.S. companies should consider exporting to this country, and other issues that affect trade, e.g., terrorism, currency devaluations, trade agreements.
Last Published: 7/29/2019

Top Reasons to do business in Cyprus:

Cyprus’ services-oriented economy is extremely dependent on imports; U.S. products, technology, and brands are well-regarded in Cyprus; and Cyprus has been a European Union (EU) member state since 2004 and a Eurozone member since 2008.

The Republic of Cyprus offers:

  • Low corporate tax at 12.5 percent and a liberal investment regime with 65 double taxation treaties (including with the United States);
  • A talented, highly educated, and English-speaking work force offering professional services at competitive prices compared with the EU average;
  • A strategic location at the crossroads of Europe, Asia, and Africa, making managing regional business easy and making it ideal for headquartering; and
  • Advanced telecommunications network and infrastructure with a wide network of air-routes and first-rate sea connectivity.

Its business culture and legal system (based on Common Law) are similar to those of the United Kingdom and the United States

Prepared by our U.S. Embassies abroad. With its network of 108 offices across the United States and in more than 75 countries, the U.S. Commercial Service of the U.S. Department of Commerce utilizes its global presence and international marketing expertise to help U.S. companies sell their products and services worldwide. Locate the U.S. Commercial Service trade specialist in the U.S. nearest you by visiting http://export.gov/usoffices.