Manufacturing Industry in Cyprus

company-formation

Cyprus offers a low cost venue for manufacturing operations and a logistics hub for trade links to Europe, North Africa and the whole Mediterranean Basin. From being largely agricultural Cyprus began its thrust to industrial development in the 1960’s which now contributes to a fifth of the countries GDP.

Cyprus specialises in manufacture of medium and high-technology products, semi-customised small batch products, and the main growth industries have been in the ICT sector manufacturing parts, instruments and electronics, and also in the consumer sector such as food and cosmetics. The Cypriot islands’ regional position allows for access to European Union markets.

Chetcuti Cauchi can provide assistance for companies seeking to make use of 10 year tax breaks for new export orientated companies, access to training grants, access to soft loans, funding opportunities for small start up companies.



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