26.02.2024
Larnaca is becoming an attractive place for business, highly beneficial for every professional, entrepreneur and investor. The city, neighboring settlements and the sea zone surrounding it offer several potential opportunities that can be easily identified by any interested person.
Larnaca is constantly developing. It is a safe choice without risks and with high financial returns. It is considered suitable for any type of investment and has a promising future.
First of all, this is ensured by safety. Larnaca is central compared to other areas of the island. It is not very populous and there are no major traffic delays or inconveniences. Near the waterfront there is its own port and marina, as well as an international airport with connections around the world. It is a very hospitable and quiet place with ideal climatic conditions for family and business activities, both for EU citizens and for people from third countries, providing all the benefits that the local population enjoys.
Any company or enterprise can use Larnaca and its suburbs to establish a registered office for the purpose of conducting local or offshore activities. Business costs, rents and property prices here are much lower than in other cities in Cyprus, and new modern office, commercial premises and residential properties such as houses and apartments are constantly being built.
Larnaca has a large number of consultants, lawyers, accountants, auditors , doctors and other specialists who can support any business or company. Large companies also prefer the city due to the widespread use of English and the presence of significant investment opportunities. Cyprus is also an EU country with a very low corporate tax rate of 12.5% and a large number of bilateral double tax treaties.
More and more companies are involved in Larnaca , for example in the construction sector, photovoltaic parks, technology, services and tourism.
Well-known companies work in the field of hotel business and catering, which significantly improves the quality of the product offered. Investment opportunities in the city center will transform it into a modern ” Monastiraki “. The same applies to the coastal area of the Larnaca-Dhekelia road , neighboring settlements and mountainous areas. An additional advantage of the city is the presence of an airport, port, marina, large and small industry, as well as a free trade zone.
Attracting appropriate investment will benefit all stakeholders and will create a development where the entire waterfront will operate all year round, serving the interests of every businessman, visitor, Cypriot or foreigner.
Larnaca has a very large and safe sea sand area from Phinikoudes beach to Dhekelia , extending to the Mackenzie area, Meneu to Alaminos and Zygi.
The city also has several attractions such as the Church of St. Lazarus, the castle, the Salt Lake, and the Pattihejo Theater and Park , which are being upgraded to attract more visitors with entertainment and events.
With the active participation of entrepreneurs, investors, citizens and local authorities, Larnaca is redefining itself on the map of Cyprus and Europe as a development-friendly, safe and prosperous city.
