Living in Cyprus
Cyprus, known for its warm, stable climate and strategic location, is a highly attractive destination for both business and residence. The island offers a favorable investment environment thanks to its skilled labor force, and well-developed transport and telecommunications infrastructure.
Cyprus boasts a modern, free-market, service-oriented economy. Its effective and transparent regulatory and legal frameworks provide international investors and businesses with confidence to invest, expand, and succeed. In the World Bank’s Ease of Doing Business Index 2020, Cyprus was ranked 54 out of 190 countries.
Recent reforms have been introduced to revitalize the economy following the significant restructuring of the banking sector. These measures are designed to stimulate economic growth and enhance the overall business environment.
