INSIGHT: EY Cyprus on expectations for Cyprus professional services sector - Cyprus Profile

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Articles | 31 July 2013 | EY Cyprus

INSIGHT: EY Cyprus on expectations for Cyprus professional services sector

Q: As a key pillar of Cyprus’ international business and finance centre, the professional services sector has been a key driver for growth. What are your expectations for the sector and the country in the next five years?

“Over the past year Cyprus has faced exceptional challenges to restore the viability of the financial sector and its public finances. Despite the issues with the local economy, comparative studies still show that the favourable environment for international business companies remains: The tax regime is very competitive, operational costs are relatively low and the professional services are world class. Cyprus is also a great place to live and work in. We will continue to offer sound, honest advice to our clients to help them improve and grow their international operations from their base in Cyprus.”

Andreas Demetriou
Managing Partner
EY Cyprus

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