Tue, 7 Feb 2012
Cyprus Accountants and Cyprus Tax Advisors
 
  About Cyprus
 
General Information
The Cyprus Economy
The Success of Cyprus as an International Business Center
  The Cyprus Tax System
 
Double Tax Treaties
EC Directives
  Cyprus Tax Planning
 
Introduction
Holding Company Structure
Financing Company Structure
Royalty Company Structure
Employment Company Structure
Trading Company Structures
Foreign Permanent Establishments
Shipping Companies
Non-resident Companies
Tax Planning for Investments in
Central and Eastern Europe
  The Cyprus Legal System
 
The Cyprus Limited Liability Company
Company Registration Procedure
International Collective Investment Schemes (ICISs)
Cyprus International Trusts
General Information
Cyprus accountants at the crossroads of Europe, Middle East, Africa and AsiaGeography
The island of Cyprus is situated in the eastern Mediterranean sea, at the crossroads of three continents linking Europe with the Middle East, Africa and Asia. Cyprus has an area of 9.251 square kilometres and is the third largest island in the Mediterranean. Cyprus is in close proximity by air to major cities.  It is one hour away from Athens, Egypt and Israel, two hours from Kuwait, three hours from Moscow and four hours away from London and most European destinations. The strategic location of the island has played an important role in its development into an international business center.


Climate
The island enjoys a pleasant Mediterranean climate with approximately 300 sunny days a year. Summers are hot and dry and last from June to September with August being the hottest month. The winters are mild and last from November to March with January being the coldest month. Temperatures range from 25º-35º C in the summer and 8º-15º C in the winter.

Population, ethnic composition and language
The estimated population of Cyprus is about 800.000, of which 85.7% consists of the Greek Cypriot community, including Armenians, Maronites and Latins, 11.1% of the Turkish Cypriot community whilst the remaining 3.2% is made up of foreign residents. The official languages of the Republic are Greek and Turkish while English is widely spoken.

History

Because of its position Cyprus has a very rich history with many historical monuments including Hellenic temples, Roman villas, Byzantine monasteries, Venetian castles, etc.

Throughout its long and turbulent history, Cyprus has known many conquerors: the Romans, the Egyptians, the French, the Venetians, the Turks and the British. It was the Greeks, however who came to settle on the island as early as 1300 BC that have had the greatest influence on the culture, the language and religion of the people in Cyprus.

The British were the last to rule Cyprus before the island eventually became a sovereign independent republic in 1960. The one hundred years rule of the island by Britain with the influence of the people visiting for tourism or for business have helped to create a unique blend of Greek and European culture in Cyprus.

Government and administration
The structure of the government is similar to other western democracies where human rights, political pluralism and private property are safeguarded. Under the 1960 Constitution, executive power is vested in a President elected for a five-year term of office by universal suffrage and exercised through a Council of Ministers appointed by him. The House of Representatives is the legislative organ of the Republic. The administration of justice is exercised by the Judiciary, which is a separate and independent body.
 
Developed by 
Website Terms & Conditons - HMI's General Terms & Conditions
Make this page your homepage Bookmark this page Email to a friend