2020 Cyprus Country Report
The 2020 Cyprus Country Report features in-depth articles on the economy, foreign direct investment, international trade and headquartering as well as detailed sector profiles and insights from Cyprus’ 100 most influential political, economic and business leaders shaping the future of their country and its industries.
The 2020 Cyprus Country Report features in-depth articles on the economy, foreign direct investment, international trade and headquartering as well as detailed sector profiles and insights from Cyprus’ 100 most influential political, economic and business leaders shaping the future of their country and its industries.
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Capital Markets<br />
Sector Profile<br />
Financials<br />
56.75%<br />
Industrials<br />
12.68%<br />
MARKET<br />
CAPITALISATION<br />
VS ECONOMIC<br />
GROUP<br />
Consumer<br />
Discretionary<br />
11.53%<br />
Consumer Staples<br />
5.06%<br />
Technology<br />
5.01%<br />
Corporate and<br />
Government<br />
Bonds: 0.97%<br />
BREAKDOWN<br />
OF TOTAL<br />
TURNOVER<br />
Shares<br />
traded:<br />
99.03%<br />
FAVOURABLE<br />
TAX REGIME<br />
Corporate tax rate<br />
12.5%<br />
Basic Materials<br />
0.21%<br />
Energy<br />
4.76% Real<br />
Estate<br />
3.99%<br />
2019 TOTAL TURNOVER<br />
€85.3<br />
million<br />
(A YEAR-ON-YEAR INCREASE OF 35.4%)<br />
2019 TOTAL MARKET CAPITALISATION<br />
(INCL. BONDS MARKET):<br />
€5.0 billion<br />
2019 DAILY<br />
AVERAGE TURNOVER<br />
€0.35<br />
million<br />
PER TRADING DAY<br />
EQUITY MARKET CAPITALISATION:<br />
€1.8 billion<br />
No capital gains<br />
tax on securities’<br />
transactions<br />
No fee (transfer levy<br />
on sale) imposed<br />
on securities’<br />
transactions<br />
No withholding tax<br />
for dividends that<br />
are paid to non-tax<br />
residents of <strong>Cyprus</strong><br />
Wide network of<br />
Double Tax Treaties<br />
1.<br />
Hellenic Bank<br />
Public Company<br />
Ltd<br />
5 TOP SHARES IN 2019 (MOST TRADED SECURITIES BY VALUE):<br />
2.<br />
Bank of <strong>Cyprus</strong><br />
Holdings Plc<br />
3.<br />
Interfund<br />
Investments Plc<br />
4.<br />
Vassiliko Cement<br />
Works Public<br />
Company Ltd<br />
5.<br />
Logicom<br />
Public Ltd<br />
International Memberships<br />
WFE (World Federation of Exchanges)<br />
FESE (Federation of European Securities Exchanges)<br />
ANNA (Association of National Numbering Agencies)<br />
ECSDA (European Central Securities Depositories Association)<br />
FEAS (Federation of Euro-Asian Exchanges)<br />
64 <strong>Country</strong> <strong>Report</strong> CYPRUS <strong>2020</strong>
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