Business in Larnaka

Cyprus has a record of successful economic performance, reflected in rapid growth. Full employment conditions, external and internal stability almost throughout the post  - independence period.

By the independence on 1960 Cyprus has transformed into not only a major tourist destination but also into a modern economy offering dynamic services with advanced physical and social infrastructure. Specifically industrial, agricultural as well as services sector have been rapidly developed.

Since 1st of May 2004 Cyprus become a European Union Member state. Cyprus has successfully faced the challenge of integration and its accession to the European Union has not created any insurmountable difficulties.

Cyprus and especially Larnaka is an ideal place to set up a company which will be able to receive dividends free of any deduction. For investors from EU countries the investment regime is liberazed from 97.

From 1st of May 2004 However impact duties are abolished for all the productive sectors of the economy.

For more information please conduct Larnaka Chamber of Commerce and Industry (Gregory Afxentiou Ave 12 Larnaka, Tel: 24823855, Fax: 24628281).