Favourable taxes (lowest corporate income tax in Europe at 12,5%). Cyprus has been an offshore hub since the 90ies and has attracted a lot of capital from worldwide.
EU member which allows Companies registered in Cyprus to solicit business with EU and EEA area and enjoy the benefits of the Cyprus taxation system.
Light regulatory requirements which exceed by far tight regulatory requirements of other jurisdictions enabling smooth business operation still within the MiFID requirements.
Large financial sector and professional workforce available island wide.
Low labour costs which reduces operational costs significantly when compared with other jurisdictions.