On this page you will find beneficial information regarding foreign direct investment in / trading with Cyprus. If you are interested in exploring trade or investment possibilities in the country, feel free to contact the International Trade Council team. Additionally, we encourage you to engage with the official government investment agency featured on this page.
It is important to note that while the statistics presented on this page were understood to be accurate at the time of publication, they are subject to change over time. Please consult your ITC Trade Commissioner for up-to-date information.
Type of Government: Republic
Population: 1.244 million(2021)
GDP: 28.41 billion USD (2021)
Corporate Tax Rate: 15%
Personal Income Tax Rate: 20% - 35%
Major Exports: Passenger and Cargo Ships ($928M), Refined Petroleum ($532M), Packaged Medicaments ($484M), Cheese ($349M), and Recreational Boats ($294M), exporting mostly to Greece ($744M), Lebanon ($349M), Marshall Islands ($297M), United Kingdom ($271M), and Israel ($249M).
Major Imports: Refined Petroleum ($2.74B), Passenger and Cargo Ships ($1.05B), Packaged Medicaments ($434M), Cars ($434M), and Planes, Helicopters, and/or Spacecraft ($332M), importing mostly from Greece ($4.47B), Turkey ($1.18B), Italy ($1.12B), China ($934M), and Germany ($748M).