In 1974, Greek Cypriot nationalists and Greek military junta staged a coup d’état in order to unite the island with Greece. This led to fierce retaliation from the Turkish army, with major damages and losses to infrastructure. It is estimated that 70 percent of the island’s wealth-producing resources were lost. The loss of the port...
Despite being the subject of the long-standing Cyprus conflict, Cyprus has still managed to establish itself as one of the premier Mediterranean vacation destinations in the world. Alongside this, the economic liberalization policies put in place by the Cypriot government have also ensured that the country has been able to successfully recover from the devastating...
Thinking of setting up an offshore company in Cyprus? Cyprus is a crucial European business hub which provides significant advantages to foreign investors such as a thriving economy, a low tax haven and a welcoming territory for foreign investments. Moreover, Cyprus has one of the lowest corporate tax rates in Europe and the EU of...
Cyprus is one of the smallest European Union states, both in terms of land size and population size. Although the whole country is under the de jure rule of the Cypriot government, the north of the island is under the de facto control of the Turkish Cypriots. This has led to a loss of control...
Situated in the Eastern Mediterranean, the Republic of Cyprus is one of the most populous islands in the Mediterranean. Steadily advancing, the nation is proclaimed for its high-income economy offering foreign investors a business-friendly environment with low corporate tax rate. While it is often known for being a Mediterranean vacation destination with white sandy beaches,...
