Doing Business Report 2017 for Cyprus

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 Cypriot company formation representatives can provide more information to those who want to start a business here. 

 

 

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.

 

In other matters concerning businesses in Cyprus, the country occupies the following positions: 

 

• trading across borders – rank 45;

• enforcing contracts – rank 139;

• resolving insolvency – rank 16. 

 

Our team of local company formation agents can offer legal assistance for various matters related to the incorporation of a company, as well as on other related topics. 

 

 

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.

 

Businessmen interested in receiving more details on how to open a company are invited to contact our team of specialists in company formation in Cyprus.