The Cypriot growth rate registered in the third quarter (Q3) of 2016 an increase of 2,9%. The increase is compared with the same period of 2015. The GDP growth rate in Cyprus increased as a consequence of a positive business climate registered in several main industries. Businessmen who want to start a company in Cyprus are welcomed to invest on the local market, but it is recommended to firstly study the legal environment available here and also the main investment opportunities. Our lawyers in Cyprus can provide more details on this matter.