The Cypriot authorities
have recently presented the Doing Business Report for 2017
, which reveals many positive aspects of the local economy. The Report
is conducted by the World Bank
and it analyses 190 economies in terms of the ease of doing businesses
in each of these countries. Businessmen who are interested in Cypriot company formation
should know that Cyprus
occupies the 45th rank for the ease of doing business
, which is based on several aspects. Our team of company formation representatives in Cyprus
can provide more information to those who want to start a business
Ease of doing business in Cyprus
improved its position for many aspects related to the business environment. Businessmen who are considering starting the procedure of company formation in Cyprus
should know that the country improved its local regulations for the following aspects:
• starting a business – rank 53;
• getting electricity – rank 63;
• paying taxes – rank 34.
• trading across borders – rank 45;
• enforcing contracts – rank 139;
• resolving insolvency – rank 16.
The World Bank Doing Business Report
The Doing Business Report for 2017
analyses all aspects which must be respected by an investor when opening a Cypriot company
. It also takes into consideration the legal aspects that are enacted when running a company
here, as well as the ease of compliance with the local authorities.
The smaller the rank on which a country is situated, the higher is the ease of performing that respective task following the regulations imposed by the respective country. It also shows that the local business environment provides the necessary means to help investors develop their companies.