The Republic of Cyprus (ROC) is an eastern Mediterranean country strategically located at the crossroads of Europe, Asia, and Africa. The ROC is a European Union member since May 1, 2004 and a member of the Eurozone since January 1, 2008. The Cypriot market is attractive in numerous sectors Including energy, information technology, and financial services.
Cyprus’ EU membership, its strategic location, low tax rates, and modern infrastructure make it a natural hub for companies looking to do business within the EU and with the Middle East, Eastern Europe, and North Africa. Cyprus' financial services sector is currently undergoing significant restructuring and consolidation, and it is temporarily constrained by capital controls following the March 2013 bailout agreement with the European Commission, European Central Bank, and International Monetary Fund (the "Troika.").
The U.S. Commercial Service works to promote the export of U.S. goods, services and technology in today’s global marketplace. It offers assistance to help U.S. companies doing business in Cyprus as well as export goods and services to Cyprus. Trade specialists can help you identify trade opportunities, find Cypriot trading partners, launch your company, and obtain market research reports.