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Presented by: Charalambos Orphanides Senior Commercial and Industrial Officer Ministry of Commerce, Industry & Tour

a Business Center of Excellence Vilnius 12 June , 2012. Presented by: Charalambos Orphanides Senior Commercial and Industrial Officer Ministry of Commerce, Industry & Tourism Republic Of Cyprus w w w . m c i t . g o v . c y / t s. key strengths. EU and Eurozone member state.

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Presented by: Charalambos Orphanides Senior Commercial and Industrial Officer Ministry of Commerce, Industry & Tour

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  1. a Business Center of Excellence Vilnius 12 June , 2012 Presented by: Charalambos Orphanides Senior Commercial and Industrial Officer Ministry of Commerce, Industry & Tourism Republic Of Cyprus www.mcit.gov.cy/ts

  2. key strengths • EU and Eurozone member state • Strategic location • Macroeconomic stability • Open Stable Economy • Favourable tax environment • Renown Int. shipping Centre • Advanced Infrastructure • Enviable Quality of Life • Advanced professional services Republic of Cyprus Ministry of Commerce, Industry & Tourism

  3. ideally positioned for business ideally located to serve 3 continents a strategic choice, allowing to reach new, highly promising markets Europe Middle East & Asia Africa Republic of Cyprus Ministry of Commerce, Industry & Tourism

  4. a business centre of excellence Advantages as an International Business Centre Modern and transparent legal framework Discovery of hydrocarbon offshore a major development Liberal FDI Policy Offers confidence safety and security Low Set Up and Operating Costs Low Corporation Tax and wide network of Double Taxation Treaties Financial Center offering wide spectrum of banking and accounting services Republic of Cyprus Ministry of Commerce, Industry & Tourism

  5. flexible and dynamic economy • Open stable Economy/Microeconomic Stability • Growth for 2011:0,5% • Inflation rate:3,3% (2011) • Unemployment 6.7% (2011) • GDP per capita : €22.000 (2011) • Fiscal Total Public Debt: €12.720 million(2011) • Deficit as% of GDP 6,11% (2011) • 71,8% of 2012 Index of Economic Freedom • 20th most liberated economy Republic of Cyprus Ministry of Commerce, Industry & Tourism

  6. Trade & tourist relations with Lithuania TOTAL EXPORTS TO LITHUANIA 2011 €3.9 mil. TOTAL IMPORTS FROM LITHUANIA 2011 €1.6 mil. YEAR 2010: EXPORT OF SERVICES TO LITHUANIA €3.7 mil. IMPORT OF SERVICES FROM LITHUANIA €1.5 mil. YEAR 2011: TOURISTS FROM LITHUANIA TO CYPRUS 2182 FROM CYPRUS TO LITHUANIA 1668 Republic of Cyprus Ministry of Commerce, Industry & Tourism

  7. WHERE TO INVEST • Banking and Financial Services • Shipping • Energy –Hydrocarbon exploration activities - renewable energy source • Professional Services • Wellness Tourism • Education • Information and Telecommunication Technologies (ICT) • Research and Development (R&D) • Medical Services • Re-exporting to existing and newly emerging markets Republic of Cyprus Ministry of Commerce, Industry & Tourism

  8. Ship and ship management Cyprus ranks among the leading maritime nations An international shipping Centre for the conduct of maritime activities One of the world's largest shipping management centers Shipping Taxation System huge success 8

  9. a Services Sector, at your service • Critical Role and most dynamic growing Sector, accounting for more than 80% of GDP • Focused strategic support and expertise in servicing overseas clients • Ideal location for establishing an international holding company • Financial and Services Gateway • Qualified professionals Republic of Cyprus Ministry of Commerce, Industry & Tourism

  10. a Services Sector, at your service Professional services ● Accounting – Auditing● Banking ●Legal ● Financial● Consulting ● Architectural ● Civil Engineering Business services ●Management ● Consulting ●Insurance ●Computing ● Information technology ● Software Development Marketing services ● Market research ● Advertising & Promotion R&D services ● Analyses ● Testing ● Technology Transportation services ● Logistics ● Shipping ● Travel-related Support services ● Education & Training ● Health Care Republic of Cyprus Ministry of Commerce, Industry & Tourism

  11. Conclusion • Cyprus offers significant benefits and opportunities to international companies (ie. tax system, infrastructure, human capital). • The Cyprus Government gives its full support and has right policies to serious co-operation between Cypriot and Lithuanian companies. Welcome to explore Cyprus and discover the advantages that it can offer Republic of Cyprus Ministry of Commerce, Industry & Tourism

  12. For more information, please contact: MINISTRY OF COMMERCE, INDUSTRY & TOURISM 1421 Nicosia, Cyprus perm.sec@mcit.gov.cy www.mcit.gov.cy/ts

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