Cyprus is the premier hub for international business opportunities in the Mediterranean and one of the top venues for the incorporation and establishment of businesses across Europe. Unlike all other countries in the region, Cyprus maintains excellent relations with all neighbouring countries and the wider world. It has been a member state of the European Union since 2004.
Unlike other international financial centres, Cyprus boasts an impressive list of double tax treaties which can be fundamental to tax planning and the establishment of a business. In addition, Cyprus offers an impressive infrastructure for businesses looking to set up on the ground presence there. A British dependency until independence in 1960, Cyprus benefits from a legal system based on English common law, and judges looking to the courts of England and Wales for precedent and reasoning when deciding cases.