A Modern Economy

euroThe Cyprus cost structure is lower than most of the other international financial centres. At the same time, the Cyprus standard of living is reflected in the country’s “very high” Human Development Index and its high ranking (23rd in the world) in terms of the quality-of-life index.

Cyprus has a modern, free-market, service-based economy, where in conjunction with its effective transparent regulatory and legal framework, it offers international investors and businesses confidence to invest, grow and prosper.

Cyprus was ranked number 58 out of 144 countries by the World Economic Forum Global Competitiveness Report 2014 – 2015.