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a Business Center of Excellence
Vilnius 12 June , 2012
Presented by:
Charalambos Orphanides
Senior Commercial and Industrial Officer
Ministry of Commerce, Industry & Tourism
Republic Of Cyprus
www.mci t.gov.cy/ts
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key strengths
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EU and Eurozone member state
Strategic location
Macroeconomic stability
Open Stable Economy
Favourable tax environment
Renown Int. shipping Centre
Advanced Infrastructure
Enviable Quality of Life
Advanced professional services
Republic of Cyprus
Ministry of Commerce, Industry & Tourism
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ideally positioned for business
ideally located to
serve 3 continents
Europe
a strategic choice,
allowing
to reach new,
highly promising
markets
Middle
East
& Asia
Africa
Republic of Cyprus
Ministry of Commerce, Industry & Tourism
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a business centre of excellence
Advantages as an International Business Centre
Modern and
transparent legal
framework
Discovery of hydrocarbon
offshore a major
development
Liberal FDI Policy
Offers
confidence
safety and
security
Low Set Up and
Operating Costs
Low Corporation Tax
and wide network of
Double Taxation Treaties
Financial Center offering
wide spectrum of banking
and accounting services
Republic of Cyprus
Ministry of Commerce, Industry & Tourism
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flexible and dynamic economy
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Open stable Economy/Microeconomic Stability
Growth for 2011:0,5%
Inflation rate:3,3% (2011)
Unemployment 6.7% (2011)
GDP per capita : €22.000 (2011)
Fiscal Total Public Debt: €12.720 million(2011)
Deficit as% of GDP 6,11% (2011)
71,8% of 2012 Index of Economic Freedom
20th most liberated economy
Republic of Cyprus
Ministry of Commerce, Industry & Tourism
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Trade & tourist relations with Lithuania
TOTAL EXPORTS TO LITHUANIA 2011
€3.9 mil.
TOTAL IMPORTS FROM LITHUANIA 2011
€1.6 mil.
YEAR 2010:
EXPORT OF SERVICES TO LITHUANIA €3.7 mil.
IMPORT OF SERVICES FROM LITHUANIA €1.5 mil.
YEAR 2011: TOURISTS
FROM LITHUANIA TO CYPRUS
2182
FROM CYPRUS TO LITHUANIA 1668
Republic of Cyprus
Ministry of Commerce, Industry & Tourism
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WHERE TO INVEST
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Banking and Financial Services
Shipping
Energy –Hydrocarbon exploration activities - renewable energy source
Professional Services
Wellness Tourism
Education
Information and Telecommunication
Technologies (ICT)
Research and Development (R&D)
Medical Services
Re-exporting to existing and newly emerging
markets
Republic of Cyprus
Ministry of Commerce, Industry & Tourism
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Ship and ship management
• Cyprus ranks among the
leading maritime nations
• An international shipping
Centre for the conduct of
maritime activities
• One of the world's
largest shipping
management centers
• Shipping Taxation
System huge success
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a Services Sector, at your service
• Critical Role and most dynamic growing Sector,
accounting for more than 80% of GDP
• Focused strategic support and expertise
in servicing overseas clients
• Ideal location for establishing an
international holding company
• Financial and Services Gateway
• Qualified professionals
Republic of Cyprus
Ministry of Commerce, Industry & Tourism
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a Services Sector, at your service
Professional services
● Accounting – Auditing● Banking ●Legal ● Financial
● Consulting ● Architectural ● Civil Engineering
Business services
●Management ● Consulting ●Insurance ●Computing
● Information technology ● Software Development
Marketing services
● Market research ● Advertising & Promotion
R&D services
● Analyses ● Testing ● Technology
Transportation services
● Logistics ● Shipping ● Travel-related
Support services
● Education & Training ● Health Care
Republic of Cyprus
Ministry of Commerce, Industry & Tourism
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Conclusion
• Cyprus offers significant benefits
and opportunities to international
companies (ie. tax system,
infrastructure, human capital).
• The Cyprus Government gives its
full support and has right policies
to serious co-operation between
Cypriot and Lithuanian companies.
Welcome to explore Cyprus
and discover the advantages
that it can offer
Republic of Cyprus
Ministry of Commerce, Industry & Tourism
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For more information, please contact:
MINISTRY OF COMMERCE, INDUSTRY & TOURISM
1421 Nicosia, Cyprus
[email protected]
www.mcit.gov.cy/ts
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