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At a glance

  • Capital


  • Currency

    Euro (€, EUR)

  • Official Languages

    Greek, Turkish (official languages)

  • Population Size

    1,244,188 (2021)

  • Ease of doing business


  • VAT

    19% and reduced VAT rates 5% and 9%


The Cypriot economy returned to growth in 2015 after 3 years of decreasing economic activity. A programme of fiscal reforms has also opened the door for foreign direct investment in several areas. Famed as the legendary birthplace of Aphrodite, Cyprus is a popular tourist destination with strong UK links and has recently become a financial hub, particularly for Russian and Eastern European investors. Mauve has its own local entity in Cyprus and is ready to assist with your requirements through our extensive range of in-country services