Business For Sale Cyprus | Business For Sale Listings
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Get to Know About Cyprus
Cyprus is the third largest and the third most popular island located in the eastern Aegean area of the Mediterranean Sea. It is the home to lots of myths, with the major one being that it was the birthplace of Aphrodite, the Greek goddess of love and passion. The country has a lot of historical and geographical importance and attractions. It has always been a hotbed or tourists, given that it has some of the most picturesque beaches in the world, and a myriad of historical attractions, with some dating back to the biblical times.
As far as doing business in Cyprus is concerned, it is worth noting that the Island is partitioned into two major jurisdictions – the southern two-thirds led by the internationally-recognized government and the northern third led by a Turkish Cypriot government.
Being a member of the European Union the official currency of the southern two-thirds is the Euro, while the northern third uses their own currency – Turkish lira. However, most of the banks in the country will have currency exchange services for most of the major currencies around the globe.
The country’s economy is largely agrarian, however, it is highly diversified and it has a robust tourism sector and a light manufacturing industry. Over the last few years, it has developed to become a vital financial hub, especially for businesses seeking to have a presence in places such as Eastern Europe and Russia.