President Anastasiades talks Investment at the Cyprus-China Business Forum

President Nicos Anastasiades emphasised the wide array of both business and investment opportunities that Cyprus has to offer at the Cyprus-China Business Forum, held on Saturday 17th October.

Addressing an audience of eminent professionals from both nations, Mr. Anastasiades was keen to demonstrate the significant progress of the island’s economy, stating that “Cyprus is emerging stronger than ever from an unprecedented crisis. Our country’s comparative advantages not only remain intact, but have been further enhanced and developed, setting it apart from most investment destinations”.

These advantages, among others, include a significant network of Agreements for Avoidance of Double Taxation (57 as of today), a highly qualified and professional workforce, and a fully EU harmonised tax and legal system.

Mr. Anastasiades continued to advise that at 12.5%, Cyprus offers one of the lowest and most competitive corporate tax rates in Europe, rendering it “an attractive investment destination and a highly competitive centre for international businesses, offering them a platform for their operations and preferential access to markets like Europe, the Middle East and North Africa, Russia, China and India, and Asia in general”.

With China and Cyprus continuing to enjoy “excellent long-standing bilateral relations”, Mr. Anastasiades also assured the Chinese Vice President Xi Jinping that he was eager for the island to act as “China’s gateway”.

Following the financial crisis of 2013, Cyprus has made great strides towards a stable recovery. Foreign investments are considered a top priority for the Cypriot government, as they continue to be imperative for job creation, economic growth and general prosperity.

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