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 Figures<br />
GDP BY SECTOR<br />
CORPORATE<br />
TAX RATE<br />
12.5%<br />
TIME TO START<br />
UP A BUSINESS<br />
1-3 days<br />
11.5%<br />
Taxes &<br />
subsidies<br />
74.1%<br />
Services<br />
GDP PER CAPITA<br />
€24,157<br />
(2020)<br />
INFLATION<br />
-1.1%<br />
(2020)<br />
5.5%<br />
Construction<br />
7.0%<br />
Mining,<br />
manufacturing,<br />
electricity & water<br />
1.9%<br />
Agriculture,<br />
forestry & fishing<br />
TOTAL GDP<br />
€21.5 billion<br />
(2020)<br />
GDP GROWTH<br />
5.4%<br />
(2021f)<br />
ACCOUNTING<br />
STANDARD<br />
IFRS<br />
CRIME<br />
0.9 per 100 persons<br />
<strong>Cyprus</strong> is the safest country in the<br />
world for young people out of<br />
184 countries across the globe.<br />
INTERNATIONAL RANKINGS<br />
STANDARD<br />
& POOR’S<br />
BBB-<br />
(October 2021)<br />
FITCH<br />
BBB-<br />
(March 2021)<br />
MOODY’S<br />
Ba1<br />
(October 2021)<br />
UNEMPLOYMENT<br />
7.5%<br />
(2021f)<br />
MAIN TRADING PARTNERS<br />
UK<br />
Germany<br />
Italy<br />
France<br />
Greece<br />
Israel<br />
China<br />
9
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