Business prospects for Cyprus resident

The Republic of Cyprus is placed on the island of the same name in the Mediterranean. It’s a British colony in the past and is currently a participant of the European Union. Tourists, nearly 2 million visitors per year, are the main sphere of profit for locals. Therefore, the country's budget is highly dependent on the service section, which is equivalent to 4/5 of GDP. Besides, Cyprus is an exporter of fruits, clothing, and medications. The local fleet of vessels is the fourth major worldwide and also brings great profits.