The Leading Edge - Summer 2008 - (Page 13)

gloBal practical aspects of the liberalization is that foreigners register companies in Cyprus and automatically enter the EU market of more than 500 million consumers. it is complicated to register a company in Cyprus. Someone could have the registration of a private limited company within a few days or even a few hours as the “shelf company” concept is readily available everywhere. Cyprus companies are considered “treaty shopping.” Companies in Cyprus have substance and are companies like all other companies in the European Union. Cyprus is a very expensive country in which to operate a business. The cost in Cyprus is minimum comparable to the other low-tax jurisdictions in Europe and more importantly comparable to the tax advantages an investor can derive out of Cyprus. 5 6 7 8 The election of a communist president means Cyprus will be a communist form of government. Although the recently elected president belongs to a communist-oriented party this does not affect the business in Cyprus and the government pledged its word to continue the liberal policy of all the previous governments. 9 SoMEonE CouLD hAvE ThE REGISTRATIon oF A pRIvATE LIMITED CoMpAny WIThIn A FEW DAyS oR EvEn A FEW houRS The political problem affects the country and the operation of a business. While the geopolitical Cyprus debate continues, it does not have any direct effect on businesses. Cyprus continues, to experience significant growth especially in the business sector thanks to its domestic political stability and economic policy. 10 Cyprus is a middle east country. Cyprus lies in the middle of three continents: Asia, Africa, and Europe. Historically, politically and culturally Cyprus is closely aligned with Europe, a member of the European Union, and enjoys business advantages because of its geographical position and excellent relations with its neighbors. Author Stavros Strouzas of Nicosia Dasons Business Services Ltd., a Leading Edge Alliance firm, can be reached at +357.22.452.229 or stavros.strouzas@dasons.eu. ThE LEadIng EdgE 13

Table of Contents Feed for the Digital Edition of The Leading Edge - Summer 2008

The Leading Edge - Summer 2008 Contents Better Negotiations Instant-Response World Leads to New Expectations for Voice Mail Bits & Pieces Top 10 Misconceptions of Doing Business in Cyprus In a Nutshell: Q&A The Leading Edge Alliance

The Leading Edge - Summer 2008

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