Cyprus, the third largest island in the Mediterranean Sea, is situated at the crossroads of Europe, Asia and Africa and close to the busy trade routes linking Europe with the Arab world and the Middle East.
Cyprus covers a total area of 9251 sq.km. and the estimated population is 850.000 of which 80 per cent are of Greek origin. The island’s time zone is GMT +2 or 7 hours ahead of New York and 7 hours behind Tokyo and therefore enables transactions to be carried out with any part of the world the same day.
Cyprus has an open economy based on a free enterprise system and has enjoyed consistent economic growth during the last decades. It is a member of the United Nations, the Commonwealth, the European Union, Eurozone and the council of Europe.
As measured by relevant socio-economic indicators the standard of living in Cyprus is fairly high and is comparable to European levels. In addition, Cyprus provides pleasant living conditions, at relatively low cost, a low crime rate, pleasant climate and a clean and healthy environment.
Cyprus recognizes the importance of telecommunications and has invested heavily in on this sector. The island may claim to be among the most developed countries in the world. All modern telecommunication services are provided using state-of-the-art technology.
As a result of the high educational level of the population (95% literacy rate) and due to historic and economic links between Cyprus, Britain, Russia and other European countries, legal, accounting, management, computer and other services are of the highest standard. Nearly all international accounting firms are represented in Cyprus either through member firms or associated practices, a fact that ensures international standards in the quality of accounting and audit services.