Cyprus is an island nation from the Mediterranean Sea, located between Europe and Asia. The nearest countries to Cyprus are Syria, Turkey and Lebanon. It is the third biggest island in the Mediterranean and a very popular destination for tourists. Around 2.4 million people visit Cyprus each year. Once a colony of the British Empire, Cyprus is now independent (since 1960). As far as the economical sector is concerned, Cyprus is one of the biggest economies of the region. It became a European Union member in 2004. 35 years ago, in 1974, Turkey occupied the northern part of the island of Cyprus and the dispute around this political status is still going on. The part that is under control of Cyprus occupies around 59% of the island, while the one occupied by Turkey has around 37% of the land. British military bases occupy the rest. The nation of Cyprus occupies an area of 9,251 sq. km (3,572 sq. mi.) and has a population of 793,963 people. Since it joined the European Union, the national currency of Cyprus is the Euro. Cyprus is a wealthy nation, with a GDP per capita of $35,032 and a total GDP of $24.9 billion.
The Costs of incorporating a company in Cyprus are $3,500 for the first and $1,700 for the following years. Incorporate Now >>
For the bank opening service (Open a bank account in Cyprus) we charge a one-time fee of $770.
The entire process takes around 2-3 business days. Open your offshore company in the Cyprus now >>
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