2023 Doing Business in Cyprus (UK Edition)
You also want an ePaper? Increase the reach of your titles
YUMPU automatically turns print PDFs into web optimized ePapers that Google loves.
DOING BUSINESS C YPRUS<br />
10<br />
UNITED KINGDOM EDITION<br />
CYPRUS<br />
BUSINESS<br />
FIGURES<br />
TOTAL GDP<br />
€27.8<br />
billion<br />
(2022)<br />
GDP PER CAPITA<br />
€30,434<br />
(2022)<br />
12%<br />
Taxes & Subsidies<br />
4.8%<br />
Construction<br />
7.3%<br />
M<strong>in</strong><strong>in</strong>g, manufactur<strong>in</strong>g,<br />
electricity & water<br />
GDP<br />
BY SECTOR<br />
74.3%<br />
Services<br />
1.6%<br />
Agriculture,<br />
forestry & fish<strong>in</strong>g<br />
UNEMPLOYMENT<br />
6.8%<br />
(2022)<br />
GDP GROWTH<br />
5.6%<br />
(2022)<br />
INFLATION<br />
8.1%<br />
(2022)<br />
INTERNATIONAL RANKINGS<br />
Standard & Poor’s<br />
BBB<br />
CORPORATE<br />
TAX RATE<br />
12.5%<br />
TIME TO START<br />
UP A BUSINESS<br />
1.3 days<br />
ACCOUNTING<br />
STANDARD<br />
IFRS<br />
Fitch<br />
BBB Moody’s<br />
Baa2<br />
(November <strong>2023</strong>)<br />
MAIN TRADING PARTNERS<br />
<strong>UK</strong><br />
Germany<br />
Italy<br />
France<br />
Israel<br />
Greece<br />
Ch<strong>in</strong>a<br />
CRIME<br />
1.29<br />
per 100k<br />
population
Change language