Cyprus is a member of the European Union and is situated in the Eastern Mediterranean, lying at the hub of three continents and close to the busy trade routes linking Western Europe with the Middle East, Africa and the Far East. The legal system is based on the English common law. The national currency is the Euro (EUR).
The official languages are Greek and Turkish, while English is widely used within the business environment.
The Cyprus Limited Liability Company is a practical vehicle for tapping the international tax planning advantages offered by this jurisdiction which has the lowest corporate tax in the European Union.