Business objectives are the ends that an organization sets out to achieve. A business creates business plans to enable it to achieve these ends – thus ”plans are the means to the ends”.
The ultimate objective of most organizations is to maintain and increase quality, while reducing costs, in order to meet client expectations at the most profitable way for the benefit of the organization as a whole. Cyprus provides a complete value plan on this, due to the following fundamental reasons:
Geopolitical Facts:
- Strategic geographical position & Business friendly time zone
- Member of the EU since 2004
- Pro-business approach by government
- First rate infrastructure
Social Facts:
- 98% literacy rate
- Highly educated and multilingual people
- High quality of life & low crime rate
- Ranked the safest smaller country in ValuePenguin’s Safest Countries in the world (2015) and fifth safest country worldwide
International Business:
- Included in Organization for Economic Co-operation and Development (OECD) White List
- Adopted EU’s Code of Conduct on harmful tax practices
Tax advantages:
- One of the lowest corporate income tax rates in EU at 12.5%
- Exemption from Corporate Tax on Dividends
- Exemption from Tax on profit on Disposal of Securities
- No Withholding Tax on Interest, Royalties and Dividends
- Extensive double Tax treaties network
- Access to EU Directives without restrictions
- Attractive IP regime
- Tonnage tax for shipping companies
More information about the reasons to invest in Cyprus at: http://www.cipa.org.cy/cyprus-investment-promotion-agency