Cyprus ranked among the top FDI destinations for attractiveness in recent years, thanks to its rapid economic turn-around and operating environment. Its main investing countries are the Russian Federation, the Netherlands, Luxembourg, Germany, and UK, with sectors attracting most FDI being finance / insurance, transport / storage, real estate, tourism, pharma and energy. Large-scale projects, tourism infrastructure, privatisations, and the burgeoning oil and gas sector are also receiving healthy FDI attention.
The country’s secure and stable EU environment, and clients in the wider Mediterranean region, makes Cyprus an ideal base for a regional headquarters; though there is only a small domestic market, and the banking sector is still recovering from the Global Financial Crisis. And tensions remain between the Turk and Cypriot parts of the island. But Cyprus’s ranking of 54/190 for Ease of Doing Business means that the challenges are navigable, with the right advice.
AUXADI can become your ideal investment partner in Cyprus. From our office, located in Cyprus, we offer a One Stop Shop value added Outsourcing services in the areas of Accounting and Reporting, Tax Compliance, Payroll Management and Representation services, among others.