INDUSTRIES & UTILITIES

Industries

Although the island's main source of revenue is tourism, Cyprus has become a major offshore base with its favorable tax rates and geographic location. Industries pursuing a base in Cyprus can benefit from the island's supreme financial services which have won renowned international financial services awards over the years. The country's high educational standards, as well as imported higher education from the best universities of the world ranks Cyprus globally, among the leading countries in terms of the proportion of university graduates. This well-trained and versatile workforce has been the core foundation of our island's success and provides a streamline of talent for our progressive service industries.

Utilities

Our island has two international airports outfitted with a very efficient national air carrier, Cyprus Airways, and two seaports equipped with technologically advanced incoming-freight facilities in all ports. Moreover, our road network between all major towns and cities is exceptional.

Our telecommunications rate ranks amongst the best in the world. Apart from conventional services such as fixed telephony and telefax, other services available include access to the Internet, mobile telephony, the Short Messaging Service (SMS), mobile portal, ISDN, ATM/Frame Relay, voicemail, paging, maritime, TV transmission/reception, private leased circuits, audiotex and videoconferencing. Furthermore, a DSL (Digital Subscriber Line) technology based service operates on a full commercial basis.