A banking crisis and the negative headlines that came with it shook Cyprus earlier in 2013. However, the country has displayed impressive resilience, with its business environment remaining stable and its inward investment record actually improving, as Courtney Fingar discovers.
Originally published with the December 2013/January 2014 issue of fDi Magazine
Sponsored by the Cyprus Investment Promotion Agency
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Cyprus remains rightly proud of the global reputation of its professional services as it continues to be one of the leading jurisdictions for structuring investments into Europe and emerging markets at a competitive cost.
Cyprus has turned a corner after its recent banking crisis, say observers, with investor confidence gradually returning to the finance sector. And the country’s emerging fund industry and foreign exchange trading are providing a potential draw for foreign investors.
Cyprus has a global reputation for being a high-quality hub for the shipping industry. And its commitment to training its workforce in this sector and providing a stable and business-friendly tax regime mean that it is unlikely to lose its competitive edge any time soon.
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