The term international business company refers to any legal entity whose beneficial ownership and business activities lie outside Cyprus. Since the introduction of the first incentives in 1975, more than 40.000 permits have been issued by the Central Bank for the registration of such entities.
Cyprus' entrepreneurial environment and supporting facilities compare favourably with those of the best established centres in the world. The island is considered to be a primary international business centre among approximately 50 countries offering facilities for these purposes.
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