Arofat Salayeva's keynote reveals why Cyprus is the ultimate business destination

As the SiGMA Balkans & CIS Summit unfolds at the luxurious City of Dreams Mediterranean in Limmassol, Cyprus, the event’s attendees are being treated to enlightening keynote and panel disuccions on the conference stage. The summit, which commenced today, has brought together esteemed delegates and cherished clients, setting the stage for a remarkable three-day event filled with opportunities to connect, learn, and thrive in the ever-evolving industry.

Among the standout discussions was a riveting keynote speech by Arofat Salayeva, Managing Director of Arosal Audit, who shared valuable insights in her presentation titled “Cyprus- ultimate destination for your business.”

Arofat Salayeva stated, “Cyprus’s strategic location in Europe, the Middle East, and Africa makes it a very attractive destination for businesses looking to expand their operations within these regions.” She emphasised the island’s geographical advantage as a catalyst for business growth.

Cyprus, a picturesque Mediterranean island with a population of 1.2 million, has become a favored choice for entrepreneurs and investors seeking a conducive environment for their business endeavors. Despite its modest size, Cyprus boasts a robust and dynamic economy, strategically positioned at the crossroads of Europe, the Middle East, and Africa. This strategic location has positioned the island nation as an attractive destination for businesses looking to expand their operations across these regions.

Salayeva highlighted, “Cyprus is becoming increasingly popular with international companies to set up their headquarters. The Cypriot government provides incentives in order to attract more businesses to the island, and this has been done successfully.” This quote underscores Cyprus’s government initiatives to attract global companies and their positive outcomes.

Furthermore, Cyprus allows enterprises to plan for growth and expansion while adhering to EU regulations and requirements. The nation’s resilience and ability to bounce back from adversity have reinforced its reputation as a stable and investment-friendly destination.

Investment in Cyprus has garnered significant attention from foreign companies and investors, with more than 43 agreements in place with countries outside the EU. These agreements create an inviting business environment, offering access to the EU and key regional business centers.

Cyprus has streamlined processes to access an international talent pool, featuring recently upgraded immigration policies that facilitate the employment of third-country nationals, including family unification provisions. Tax incentives have also been introduced to attract newcomers to work and reside in Cyprus.

The government’s successful efforts to attract businesses to the island have borne fruit, with numerous industries choosing Cyprus as their headquarters. These sectors encompass fintech and electronic money institutions, foreign exchange, shipping, gaming and entertainment, crypto, blockchain, equity councils, and investment funds. The nation’s highly developed financial sector further cements its status as a hub for fintech and other financial services.

Cyprus boasts a competitive edge in the information and communication technology sector, thanks to its accessible workforce and favorable regulatory environment. The country’s domestic laws and international agreements ensure a robust and secure business environment for companies across various sectors.

SiGMA Balkans & CIS

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