Foreign investors interested in opening a company abroad should know that Cyprus offers very good prospects, as the local economy is expected to grow in 2016 to 1.5%. This marks an improvement, as in 2014, the economy increased by 1.4%. Another important aspect related to the economic development in Cyprus is that Moody’s, the credit rating agency, has upgraded the country’s ranking to B1. If you want to find out more details about the local business market, our law firm in Cyprus can offer you assistance on this matter.
After signing a new double tax treaty several years back, Cyprus and Ukraine have agreed upon a new clause to be entered in the agreement. This new clause would help both countries to enhance economic relations and would provide more advantageous conditions for Ukrainian and Cypriot companies doing business in the two states. Our Cypriot lawyers can provide you with detailed information about trading relations with Ukraine.