- Cyprus is gearing up to attract UK businesses looking for an EU base and is undergoing justice, tax, local government, political and economic reform.
After the Brexit referendum, many Cypriot national papers highlighted the country’s shock at the outcome. Fast forward nearly five years and you’ll find a country whose private sector is pushing for reform in order to position itself further as a competitive destination for global business. If we’re to learn anything from history it’s that the bond between the UK and Cyprus can sustain turbulent patches. For now, future relations look positive, starting with the UK promising to support Cyprus in ending the dispute which divides the country.
During the negotiation period, Cyprus played an active role in trying to encourage the UK and the EU to reach an agreement. Cyprus is in a fairly unusual position—the island nation has historic ties with the UK, a legal system based on Britain’s, a large number of British expat residents and half of all annual tourists
