Many international airlines including Cyprus Airways offer regular flights to nearly all-major destinations in Europe and the Middle East.

The Cyprus Telecommunications Authority (CYTA) has one of the best services in the world. Installation of telephones, telexes and fax usually takes one week. Direct dialing including GSM, ISDN, ADSL, are available to the majority of countries in the world.

Postal and courier services are highly efficient and there are many courier companies in Cyprus including DHL, ACS, TNT Skypak and Federal Express.

Personnel
The standard of education of staff available in Cyprus is very high. Cyprus has one of the highest number of university graduates per capita in the world.

Qualified secretarial, marketing, administrative and technical personnel can be easily found and salaries, in relation to other countries, are relatively low.

The Financial Times:
"One advantage enjoyed by Cyprus is the time zone with a "window" which fits neatly between the closing time of financial centers in East Asia and the opening time of those in the Western Hemisphere".

"In a corner of the Mediterranean that has been characterized by conflict, lack of infrastructure and inefficiency, Cyprus offers a haven of tranquility and functionality".

The Offshore Adviser:
"There is considerable scope to cut the tax liabilities of wealthy entrepreneurs investing in Eastern Europe through setting up an International Business Company in Cyprus".

The World Link:
"Cyprus is an important location for both shipping and ship management. Its costs compare favorably with other centers"

The Wall Street Journal:
"Companies have been attracted by the proximity of Mideast markets, the big tax concessions and excellent telecommunications".

International Management:
"More persuasive than tax breaks, however, is the Cypriot business climate, where 82 years of British rule left behind an efficient civil service and a brisk manner in financial institutions rare in the region".

Time:
"Cyprus's high percentage of university graduates contributes to the appeal for foreign companies, with professionals available locally. Other attractive features include the fact that Nicosia is considered one of the least expensive international business centers".

SPOTS
Ship owning companies with ships flying the Cyprus flag and operating in international waters are totally tax exempt. All International Business and shipping entities are not subject to any capital gains tax except on profit on the disposal of immovable property held in Cyprus.