Over the last 40 years, Cyprus has firmly established itself as a reputable international financial centre. The low taxation, freedom of exchange controls, excellent telecommunication facilities, as well as numerous other advantages offered, have brought Cyprus to the forefront of international financial centres.

More than 40.000 international business companies are currently active on the island. A number of these, operate from a fully fledged office on the island whereas the others use local accountants and lawyers as their representatives.