Cyprus – Developed and Confident

A tiny island situated at the maritime crossroads of the eastern Mediterranean basin.

A nation with a rich and varied history matched only by the warmth and resilience of its people.

A member of the European Union since 2004, Cyprus is ideally suited for international business. Its geographic location and excellent commercial infrastructure coupled with numerous tax incentives has transformed Cyprus into an International Business Center. And this is only the beginning.

Cyprus’ potential is far-reaching, and as American businesses expand to Eastern Europe, Northern Africa and the Middle East, this country at the edge of Europe is ready to make a mark of the modern world.

Developed and Confident. This is Cyprus.

Cyprus. A small island with big business opportunities. It is one of the most beautiful locations in the Mediterranean, and now one of the most dynamic and exciting investment destinations in Europe.

Cyprus is a major success story, having established itself as an international business center and an important portal to the highly lucrative surrounding region.

Cyprus is located in the Eastern Mediterranean Sea. The capital is Nicosia. It has been granted membership to several international organizations, including the European Union in 2004 and the Eurozone in 2008.

Cyprus and the United States have a long history of friendship and mutual cooperation since the island’s independence from Britain in the 1960’s.

There is more to Cyprus than meets the eye. More than a holiday destination, Cyprus has now become an international business services center in the region.

Tax, and more specifically, international tax structuring, is at the core of the International Business Services business.

In today’s global economy, Cyprus provides a complete value proposition and an open-door policy to foreign investors.

Cyprus has a well developed banking system which is modeled on the British. There are nine commercial banks and three specialist financial institutions. A number of foreign banks also have branches in Cyprus, including Greek-established Piraeus Bank. The Bank of Cyprus, Laiki Bank and Hellenic Bank are the largest three commercial banks, with branches throughout the island.

Cyprus has a unique tax jurisdiction, one which has grown recently in popularity and anticipates further future growth. As a jurisdiction Cyprus is in a position to exploit its unusual position within the European Union, including a 10% corporate tax. It is not, as many people believe, a tax haven such as Switzerland and Liechtenstein, something Cypriot banks want to make clear.

Cyprus is already well-known to many Europeans as a friendly holiday destination. But it is also an excellent destination for those seeking quality health-care on a reasonable budget. Back pain and spinal problems target millions of Americans. The American Institute of Minimal Invasive Spine Surgery, based in Limassol, offers a cost-effective solution for American patients while at the same time providing top-notch US surgeons in Cyprus.

Las Vegas-based Dr. William Smith is one of the founders of AIMIS and is considered the prime expert in Minimal Invasive Spinal Surgery, a procedure that results in minimal disruptive effects to the surrounding tissue and muscles, producing results that exceed the traditional open surgery approaches. Dr. Smith is very much aware of the challenges the American healthcare system provides.

To have the same top-quality American surgeons at a fraction of the cost, in beautiful Cyprus, is too good an opportunity for American patients suffering back pain to pass up.

Cyprus is the quintessential Mediterranean island. It is mixture of Western European, Asian, and African influences, and has long been coveted by mainland Greece and Turkey. Also known as the birthplace of the Greek goddess Aphrodite, Cyprus has its own unique and beguiling beauty. Truly a Mediterranean Treasure.

While there are no direct flights from Cyprus to the mainland United States, Americans may connect through key airline hubs such as London and Amsterdam through its flagship carrier, Cyprus Airways.

Like many airlines in Europe, Cyprus has been affected by the global travel downturn. But things are looking up.

The capital, Nicosia, is a testament to what contemporary Cyprus is about. It is a mixture of Gothic and Ottaman architecture and is Europe’s last divided city.

Towns such as Larnaca and Limassol offer year-round sunshine and some of the most enchanting coastlines in the region.

Cyprus has wonderful hotels that accommodate any budget. From business hotels that provide services for the traveling investor, or boutique hotels along the coast, one is guaranteed genuine Cypriot hospitality and service.

An advantageous tax regime. Access to EU Directives. Excellent infrastructure. Investor-friendly authorities. All within a safe Mediterranean island.

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