Cyprus is located in the East Mediterranean Sea and is positioned at the cross point of Europe, Asia and Africa right across the Suez canal. Cyprus is among the most  important International Financial and Business centers world-wide. The official language of Cyprus is Greek although English is very commonly used. The area of the island is approximately 9.251m2 with a population of nearly 1 million.

The private sector is the most important component of the Cyprus economy. For example, all commercial banks are private which led to efficient banking services due to competition.

Cyprus ranks among the 12 top performers in terms of average annual growth.

Per capita income is currently at €15.400, unemployment rate is about 3% and inflation is about 3%.

Cyprus has two international airports, Larnaka, and Pafos that offer daily flights to most European, USA, Canadian, Asian and major African countries. There are two multipurpose ports, Lemesos and Larnaka from where any kind of cargo can be shipped.

Cyprus is considered among the top countries in telecommunication services. Its telephone network has direct connections to more than 190 countries whereas the rest of the countries can be connected through the operator.

The Cyprus Telecommunications Authority (and other private telecoms companies) operates a maritime radio, a public MPLS, ADSL, Frame Relay and ATM networks with extensive international access and an ISDN network, Telex, Fax, internet/e-mail and postal services together with many private international courier services (DHL, Federal Express, Datapost, TNT, etc) are also available.

This infrastructure has given rise to the shipping industry with many multinational shipping companies having either their head office or operations in Cyprus.

Cyprus has been a member of the United Nations since its independence in 1960. It is also a member of the European Union, the World Bank and the International Monetary Fund. Cyprus has also signed the General Agreement on Tariffs and Trade (GATT).

Cyprus has a well educated and talented workforce. Cyprus is a leading country (3rd worldwide) with university graduates especially form UK and USA. This enables companies to recruit human resources to develop and operate their business in Cyprus.

Economic indicators place Cyprus among the few Financial Centers with low operational costs while offering a high standard of living making it an ideal place to live and conduct business.

There are a number of local and international banks operating in Cyprus servicing the needs of local and international corporate clients.

The banks operate Corporate Divisions and International Banking Units thus specializing on the services offered to the international clients. They maintain an extensive correspondent network enabling them to carry out any type of financial transaction.

Commercial Banking follows the British model.

The Legal system is based on the British Common Law as it was inherited by the British.  Cyprus as part of the European Union adopts the EU Laws, directives/rules.

The legal system of Cyprus is considered as quite efficient.