Larnaca is a preferred investment destination

"Several parameters made Larnaca a preferred destination for business and investment"

The city of Larnaca is emerging as an attractive business destination quite profitable for every professional, entrepreneur and investor. The city, the neighboring communities and the sea area that surrounds it, offer several potential opportunities that can be easily identified by anyone interested. Larnaca is developing at a steady rate and upward trend, it is a safe choice without risks and with a high financial return. It is considered suitable for any type of investment or for the establishment and continuation of the activities of any company or business. There are many development and business sectors that it offers and satisfies the needs that are requested from time to time and with a promising future.

Primarily it offers safety, the city covers all of Cyprus, is located in a central part of the Eastern Mediterranean, does not have a large population and does not present any particular traffic delays or inconveniences. Distances are close, next to the sea area, it has its own port and marina, as well as the international airport that is in the city with worldwide connectivity offered. It is a very welcoming and quiet place, with ideal climatic conditions that is offered for families and business activity, both from European Union countries and from third countries, providing all the advantages enjoyed by the local population.

In Larnaca there is infrastructure, as well as the human resources that are capable of serving the service offering. Any company or business can use the city and its suburbs for a registered office for the purpose of conducting local or offshore activities and is offered to the creation of a new innovative business. Business costs, rents and property prices are much lower than in other cities in Cyprus and new modern or renovated office space, commercial premises and accommodation such as houses and apartments are constantly being created.

The service sector is distinguished by its high professionalism and low cost, there are in the city a large number of consultants, lawyers, accountants, auditors, doctors and other professionals, who are capable and offer to serve and support any business or company that chooses Larnaca for business activity or investment. The use of the English language on a wide scale and the existence of significant opportunities for investment and creation of businesses and/or participation in existing businesses, is an important advantage of Larnaca. For this reason, large companies prefer the city, since Cyprus is a country belonging to the European Union with a very low corporate tax rate of 12.5% and with a large number of bilateral agreements to avoid double taxation.

More and more companies are active in Larnaca, such as the construction sector, the creation of photovoltaic parks, the specialization in their construction, technology, services and tourism. Well-known company names are involved in the hotel and catering sector, greatly increasing the quality of the product offered. Investment opportunities are presented both in the city and especially in its central core, which can be developed and become a modern "Monastiraki", as well as in the coastal area of the Larnaca - Dekelia road, in the neighboring communities and in the mountainous Larnaca , which are offered for investment or to create a business. There is also the airport, the port, the marina, the industrial and small industry area and the free trade zone.

Attracting appropriate investments will be beneficial to the stakeholders themselves and will create development so that the entire waterfront operates throughout the whole year, serving the interest of every entrepreneur as well as the preferences of every visitor, local or foreign. Larnaca has a very large and safe sea sandy area from the beach front of Finikoudes to Dekelia and extends to the area of Mackenzy, Meneu to Alaminos and Zygi. There are several attractions in the city, such as Agios Lazaros, the Castle, Tekes with Aliki, the adjacent Patticheio theater and park being upgraded and beautified to attract more people for entertainment and events.

Larnaca is redefining itself on the Cypriot and European map as a developing, safe and prosperous city, with the active participation of entrepreneurs, investors, citizens and its authorities. There is planning and vision to exploit the comparative advantages it offers for service provision and become a preferred investment and tourist destination.