Telecoms & Satellite Communications Guide Cyprus
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<strong>Cyprus</strong>Profile Digital Series<br />
<strong>Telecoms</strong> & <strong>Satellite</strong> Communication<br />
BUSINESS OPERATING ENVIRONMENT<br />
Doing Business in<br />
<strong>Cyprus</strong><br />
Nicosia<br />
<strong>Cyprus</strong>’ business-friendly infrastructure and can-do attitude has brought<br />
it worldwide recognition as an international business centre. The country<br />
offers a winning package for both international entrepreneurs and investors<br />
with its sophisticated business environment, highly skilled workforce and cost-effective,<br />
yet high quality of life.<br />
BUSINESS CULTURE<br />
Respect, hospitality and personal trust are the cornerstones of the Cypriot business<br />
environment. An island nation with a long history of dealing with foreign<br />
traders and businesses, Cypriot businesspeople are international in their outlook<br />
and astute and knowledgeable in their negotiations. Punctuality is expected, business<br />
dress is formal for both men and women, especially at the beginning of a<br />
business relationship, and even in warm weather. Most Cypriots prefer face-to-face<br />
meetings to telephone conferences or written communications, which are regarded<br />
as too impersonal, and place great importance on building personal relationships<br />
with business partners or connections. Trust is the key to successful business<br />
dealings in <strong>Cyprus</strong>.<br />
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