Amazing news for Cyprus, as it has been selected on the 5th place, within the European Union, in the list of the top EU countries where you can open a Foreign Business. According to Cyprus Corporate and immigration lawyers G. KOUZALIS LLC, Cyprus has secured 5th place in Europe with an overall score of 6.77 out of 10, according to a new analysis by international insurance provider William Russell. The study assessed ten European countries across six equally weighted factors: start-up density, one-year survival rates, venture capital investment, co-working infrastructure, workforce participation, and the number of billionaire founders.
The island nation particularly excelled in fostering entrepreneurial activity, recording a high density of start-ups (12.79) and an impressive one-year survival rate of 87.8%. These figures underscore Cyprus’s growing reputation as a supportive environment for new businesses.
“Cyprus is punching above its weight when it comes to entrepreneurial output,” said a spokesperson for William Russell. “Its ability to sustain a large number of start-ups, combined with a favorable location and access to the EU market, makes it an increasingly attractive destination for business founders.”
The country’s appeal remains strong, particularly for digital nomads and small entrepreneurs seeking a Mediterranean base with EU access. Its strategic location, English-speaking business environment, and growing co-working infrastructure add to its allure.
As Europe continues to compete for entrepreneurial talent, Cyprus’s rise in the rankings signals its potential to become a major player in the region’s innovation economy.
You can contact lawyers in Cyprus G. KOUZALIS LLC, for any further information you may require.
Disclaimer: This article is provided for informational purposes only and does not constitute legal advice. Readers are advised to consult with legal professionals for advice specific to their individual circumstances.