top of page
  • LinkedIn
  • Facebook
  • Instagram

Economic Conditions

Cyprus’ economy is based on a free enterprise system.

The Government’s role has been limited to the regulation, indicative planning, and the provision of public utilities. The tourist service has become the island’s most important sector. Out of the total 2.0 million long-stay tourists who arrive every year in Cyprus, about 60% originate from the European Community. About 49% of the total trade of Cyprus also comes from the European Community.

Related Posts

Cyprus Companies

The law in Cyprus governing companies is the Companies Law, Chapter 113 of the Statute Laws of Cyprus, which is based on the Companies Act 1948 of the United Kingdom. The constitution of a registered

Government & Administration in Cyprus

Cyprus became an independent Republic in 1960 The Cyprus government structure is modeled on western democracies in which the individual’s rights are respected and private initiative is given every opp


bottom of page