Discover in detail the advantages of each EU country.

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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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Cyprus

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12.5% Corporate Tax

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.

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44th in Global Competitiveness

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.

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Notional Interest Deduction (NID)

Tax deduction on new equity investment.

Cyprus stimulates investment through attractive incentives like the Notional Interest Deduction, which reduces taxable income for companies injecting new equity.

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70% Achievement on SNS #1: Fast Startup Score

Efficiency of starting a business and administrative support.

Cyprus is rapidly growing as a tech hub, offering streamlined processes and strong support for entrepreneurs launching and scaling innovative startups.

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2.9% GDP Growth in 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.

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60% on SNS #6: Access to Finance Score

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.

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54th on Ease of Doing Business Ranking

Ranking favorably for its business-friendly regulations, Cyprus offers a straightforward and efficient environment for establishing and operating a company.

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€19.40/hr Labour Cost

With competitive labour costs and a highly educated, multilingual workforce, Cyprus delivers exceptional value and a strong return on human capital investment.

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35% Top Personal Income Tax Rate

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.

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26th in European Health Index

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.

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40th on Global Cost of Living Rank

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.

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67th on Global Happiness Rank

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.

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29th in Global Security Index

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.

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77.9% Working-Age Employment Rate

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.

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75% on Digital First Score

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.

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2.1% Annual Inflation Rate

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.

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Embassies and Consulates

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.

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Entry for EU citizens

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.

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Entry for Non-EU citizens

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

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