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Small business Ideas To Start In Cyprus
With its stunning scenery, warm climate and strong tourist market, Cyprus is a popular destination for expats from around the world.
The entrepreneurial among them may be tempted to start a new business in the country, and there are lots of opportunities for those who want to establish a thriving new company in Cyprus’ import-focused corporate landscape.
Those business visionaries keen to set up their own unique organisation in this centrally-located business hub need look no further; here’s a list of some of the best types of business to establish in Cyprus to help you get your latest venture off to a prosperous start.
Financial Services
Offering one of the lowest rates of taxation in Europe, Cyprus is renowned as an offshore hub and boasts a booming banking market. Therefore, anyone with the experience and knowledge to offer financial services, such as accounting, tax consultancy or financial advice will be in high demand, both from local businesses and international companies looking to move into this sunny tax haven.
Shipping And Logistics
Located in the Eastern Mediterranean and with links by sea to some of the world’s most prosperous countries, Cyprus has established a thriving shipping market over the years. Today the island has many flourishing ports that are filled with expansive ships ready to take out, and bring in, new goods. As such, the shipping and logistics market is a great idea for anyone who wants to start a business in Cyprus and enjoy lasting success.
Unique Souvenirs
As a thriving tourism hub, Cyprus is home to a wide variety of souvenirs, ranging from cheap tat with the country’s name on it through to upscale products that immortalise a visitor’s unique experience in this stunning country. It might seem challenging to create innovative new souvenirs, but by collaborating with a professional product design specialist like jupiterdesign.co you can develop products that have never been offered before and really make your mark on the island’s thriving tourism industry.
Holiday Villas
Owning and operating your own holiday villa is a great way to get started in business if you’re unsure of yourself and want to grow your company in a strong market. You can easily find a villa and begin managing it as a holiday rental, before acquiring more properties as your business prospers. This approach will help new entrepreneurs who’ve yet to manage their own business to learn the ropes and make a name for themselves.
Language Lessons
The language of Cyprus is Greek, but thanks to the strong tourism industry many people in the country are multilingual and speak several languages. If you’re looking for a business idea that will appeal to a wide variety of customers on the island, then consider offering language lessons, particularly if you speak several languages yourself. You could offer improvement lessons to help locals sharpen their skills, as well as support for complete beginners, so that your new venture appeals to a variety of customers.
These ideas should help you to find your niche and really make an impact on Cyprus’ bustling business market.