With macroeconomic policies, tax benefits, and an open free-market economy based on the service sector, Cyprus is an appealing country for international business. The tax regulations can be beneficial for your company, but the rules can be quite complex and time-consuming. By using our PEO service, you can expand into Cyprus within days while we take care of the complex paperwork.
After the financial crisis, Cyprus successfully rebuilt its economy supported by the European Stability Mechanism and the International Monetary Fund. In 2015 the country managed to create even more growth than expected which turned out to be a new trend for the following years.
The economy is funded by the service industry with tourism and maritime transportation as thriving pillars.