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Cyprus

Cyprus offers a unique blend of innovation, quality of life, and economic opportunity within the European Union.

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Nicosia

Sources: DG for Communication

Euro (€)

Sources: DG for Communication

Greek 

Sources: DG for Communication

Sources: Eurostat

Corporate Tax Rate 12.5% (2025)

One of the lowest corporate tax rates in the EU.

With a highly competitive 12.5% corporate tax rate, Cyprus offers a premier business environment in the EU, designed to maximize profitability and drive growth.

Notional Interest Deduction (NID)

Global Business Environment Efficiency Position.

Cyprus's pro-business legislation and skilled workforce create a resilient and competitive economy, consistently recognized as a strategic hub for international business.

ESNA SNS#1: Fast Startup Creation Score 70% (2025)

Efficiency of starting a business and administrative support.

With a good score for startup efficiency, Cyprus offers a highly digitalized and streamlined process for entrepreneurs to quickly launch and grow their businesses.

GDP Growth 2.9% (2025)

Annual real GDP growth rate forecast.

Cyprus's economy is projected to grow by 2.9%, demonstrating resilience and a dynamic outlook driven by key sectors like tourism, shipping, and professional services.

ESNA SNS#6: Access to Finance Score 100% (2025)

Availability of public and private funding for startups.

Cyprus offers a developing financial ecosystem with growing access to venture capital, EU funding, and government-backed schemes to support startup growth.

Economic Sentiment Indicator (ESI) 105,2 (2026)

A snapshot of business and consumer confidence.

The Economic Sentiment Indicator (ESI) measures overall confidence in the economy by combining survey results from consumers and key sectors such as industry, services, retail, construction, and (where available) financial services.

Labour Cost €21/hr (2024)

Average hourly cost of employing a worker.

Cyprus' labour costs are an investment in one of the world's most educated, productive, and innovative workforces, driving a high-value economy.

Top Personal Income Tax Rate 35% (2025)

Income up to €19,500 is tax-exempt.

Cyprus features a progressive tax system with a generous €19,500 tax-free allowance, ensuring a favourable and equitable framework for personal income.

Euro Health Consumer Index Score 26th (2026)

Overall measure of national health system performance.

Cyprus provides a high standard of healthcare through its recently modernized national health system, ensuring comprehensive coverage and quality care for all residents.

Global Cost of Living Rank 38th (2026)

Measures relative costs of goods and services.

Enjoy a Mediterranean lifestyle with an affordable cost of living. Cyprus offers a high quality of life with lower expenses than many other EU countries.

Global Happiness Rank 67th (2024)

Evaluates national wellbeing and overall life satisfaction.

With its sunny climate, beautiful scenery, and strong community ties, Cyprus provides a welcoming environment that contributes to a positive sense of well-being.

Global Peace Index 68th (2025)

Assesses national peacefulness, safety, and security levels.

Cyprus is recognized as a very safe and secure country, offering a peaceful and stable environment for families, individuals, and businesses to thrive.

Working-Age Employment Rate 79.8% (2024)

Percentage of population aged 20-64 that is employed.

With a high employment rate of nearly 78%, Cyprus showcases a robust and growing job market with ample opportunities for a skilled and diverse workforce.

ESNA SNS#8: Digital First Score 44% (2025)

Measures the digital-by-default availability of key public services.

Cyprus is committed to a digital-first approach, with strong progress in making key public services available online to enhance efficiency for all.

Annual Inflation Rate 0,8% (2025)

Measures the change in consumer prices over time.

Cyprus's economy is stabilizing with a low inflation forecast of 2.1%, ensuring price stability and protecting the purchasing power of consumers and businesses.

Cyprus has embassies and consulates worldwide that offer visa services and assistance to its citizens abroad. A current list of these missions is available on the Ministry of Foreign Affairs website.

EU citizens who hold a residence card and their travel document may travel to Cyprus for up to 90 days within any 180-day period.

Short-stay visas to Cyprus are issued to citizens of Non-EU countries without a visa-waiver agreement with Cyprus.

Cyprus

Corporate Tax Rate 12.5% (2025)

Notional Interest Deduction (NID)

ESNA SNS#1: Fast Startup Creation Score 70% (2025)

GDP Growth 2.9% (2025)

ESNA SNS#6: Access to Finance Score 100% (2025)

Economic Sentiment Indicator (ESI) 105,2 (2026)

Labour Cost €21/hr (2024)

Top Personal Income Tax Rate 35% (2025)

Euro Health Consumer Index Score 26th (2026)

Global Cost of Living Rank 38th (2026)

Global Happiness Rank 67th (2024)

Global Peace Index 68th (2025)

Working-Age Employment Rate 79.8% (2024)

ESNA SNS#8: Digital First Score 44% (2025)

Annual Inflation Rate 0,8% (2025)

Embassies and Consulates

Entry for EU citizens

Entry for Non-EU citizens

Cyprus

Business card group

Corporate Tax Rate 12.5% (2025)

Notional Interest Deduction (NID)

ESNA SNS#1: Fast Startup Creation Score 70% (2025)

GDP Growth 2.9% (2025)

ESNA SNS#6: Access to Finance Score 100% (2025)

Economic Sentiment Indicator (ESI) 105,2 (2026)

Labour Cost €21/hr (2024)

Work & Living card group

Top Personal Income Tax Rate 35% (2025)

Euro Health Consumer Index Score 26th (2026)

Global Cost of Living Rank 38th (2026)

Global Happiness Rank 67th (2024)

Global Peace Index 68th (2025)

Working-Age Employment Rate 79.8% (2024)

ESNA SNS#8: Digital First Score 44% (2025)

Annual Inflation Rate 0,8% (2025)

Visa card group

Embassies and Consulates

Entry for EU citizens

Entry for Non-EU citizens

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