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Is Cyprus right for you?

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Is Cyprus right for you?

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Cyprus excellent climate with sunshine almost all-year round and beautiful sandy beaches, of the cleanest in Europe, Cypriots high standard of living, no records of homelessness and low crime rate, make Cyprus an ideal location to visit and live.

Andreas A. Xenophontos

Cyprus strategic location (situated in the Eastern Mediterranean, where Europe, Asia and Africa meet), its favourable tax system (one of the lowest tax rates and most simplified tax systems in the European Union with a wide network of 42 double tax treaties ensuring that the same income is never taxed twice), its well developed infrastructure and the plentiful supply of highly qualified and skilled human capital (one of the highest percentages of university graduates in the world), its effective public administration system and defined legal framework, which have contributed in developing high standard professional services in all areas of business activity the accounting, the banking, the legal, the tourism sectors, have made Cyprus a reputable international business centre.

In addition, Cyprus excellent climate with sunshine almost all-year round and beautiful sandy beaches, of the cleanest in Europe, Cypriots high standard of living, no records of homelessness and low crime rate, make Cyprus an ideal location to visit and live.

Furthermore, Cyprus offers many tax incentives, including, as previously mentioned, a low corporation tax rate of 10%, no withholding tax on dividend payments to non-resident shareholders, no withholding tax on royalty payments to non- resident recipients when the right or asset giving rise to the royalty is used outside Cyprus, no withholding tax on payments of interest to non-resident recipients, no corporation tax on profits of the Cypriot companys permanent establishment abroad, no capital gains tax on the profits from the sale of the Cypriot companys foreign immovable property, no capital gains tax on profits from the disposal of securities, and more.

The Web in Cyprus: Expert Andria Talli

The internet technology not only has opened new ways for businesses in Cyprus to expand and gain popularity, customers and recognition worldwide, but went to the point where it is deemed to be a necessity for any company or entrepreneur. A proper website is now considered as a pre-requisite in an aim to increase business turnover. Even small businesses also profit from a website that can give them popularity, attract new customers and help them market their product or services better.

Furthermore e-commerce has gained huge popularity in Cyprus and thus several e-commerce websites have made there appearance during the last few months. The e-commerce solutions offered are outstanding because of the multiple technologies, databases and programming languages which are supported and applied. On line shops with features such as database and catalogues, advanced shipping calculations, integration with major on line credit card interfaces and much more.

On another point, when choosing the service provider for your website you should just have in mind a few factors that will make the difference. A one- or two-person web design agency may not have a fancy first impression on you, but may offer some personalized attention and price breaks that larger firms can't offer. Meanwhile, a larger agency is more likely to have a more comprehensive and well-defined process, but may be less flexible when it comes to incorporating last-minute changes without additional costs. Some companies charge you extra after a certain number of revisions, so make sure you know what will happen up-front to avoid surprises. Be reasonable. No designer will want to make design changes into perpetuity, but they should allow for enough iterations so that you can be assured a final product that you're thrilled with.

So we suggest you choose something in the middle, thus big enough to coop with your needs, but on the other hand, small enough to care about you and your business. Submitted by Andria Talli, Art Director of Paperdrops Design & Printing Ltd

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