Capitalizing on its strategic location, Cyprus has developed through the years into a reputable international services hub especially in the banking and shipping activities. Since Cyprus's accession to the European Union, its role as a business bridge between Europe, Asia and Africa has been further enhanced.

International legal entities and natural persons may establish a business in the Republic of Cyprus on equal terms as the local entities and natural persons. Administrative procedures for establishing a company have been simplified reflecting the importance placed on the country's development as an international business centre.

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