The Covid-19 Pandemic Impact on Cyprus<\/h2>\n\n\n\n
Cyprus has been one of the top-performing countries in Europe and the world for minimizing the number of cases and deaths. As of December 2021, <\/a>the number of cases<\/u><\/a> was approximately 136,500 since the start of the pandemic and only 600 people had succumbed to the disease.<\/p>\n\n\n\n What has made some jurisdictions more successful in handling the pandemic over others? Moreover, how has Cyprus business stayed strong despite Covid-19 closing borders and limiting the movement of goods and people worldwide. In large part, the answer to this is the mixture of government, social, and business foundation and support that Cyprus has developed in the last few decades that prepared the jurisdiction for overcoming unimagined global complications.<\/p>\n\n\n\n Broken into three major areas of financial assistance, the Cypriot government release three measures to boost economic support for businesses and individuals, utilizing an individualized support scheme, an economic support scheme, and a tax relief support scheme. A few measures to aid Cyprus business in Covid-19 relief include:<\/p>\n\n\n\n Only having implemented four full or partial lockdowns in the last two years since the emergence of the Covid-19 virus, Cyprus has mostly been open for business. With the new variants or changes in the daily spread of the virus, some restrictions on travel to the country had been implemented. However, the jurisdiction is taking strides in global networks to establish more open borders without sacrificing the wellbeing of its residents.<\/p>\n\n\n\n With <\/a>science leading the response efforts and policy decisions at the highest level<\/u><\/a>, Cyprus has been effective in testing and vaccination measures. Further, the lifestyle aspects of Cyprus have led to a better quality of life for residents and more willingness to abide by health and safety protocols through which Cyprus business could continue operations as Covid-19 halted business activity around the world.<\/p>\n\n\n\n Although the pandemic continues to be a changing crisis with the emergence of new variants such as Delta and Omicron, the world is adjusting to new models of health and movement in unprecedented ways. Cyprus still has some challenges to face in the coming years, but one thing is certain: Cyprus’s business remains strong throughout the evolution of new economic and lifestyle landscapes. Take a closer look at some of the challenges and opportunities that spell out the positive future of Cyprus business with Covid-19 factors.<\/p>\n\n\n\n While the first 100 days<\/u><\/a> were hailed as a remarkable feat for the country through quick, effective governmental actions, Cyprus, like the rest of the world, must focus on how to continue operations and the movements of goods and people. While many studies are being done to establish the impacts more open borders have on the number of Covid-19 cases, the fact remains that daily case numbers do increase with greater mobility and access to jurisdictions.<\/p>\n\n\n\n However, an increase in day-to-day case numbers does not mean that Cyprus is less safe than anywhere else in the world. In fact, quick and thorough actions of the government and the willingness of citizens and residents to abide by these regulations demonstrate that through testing and vaccination, lifestyle components, and border control measures, business can carry on safely. Moreover, as an island country, Cyprus has greater control over swift restriction measures that have shown to be effective with only a small amount of time necessary to reduce the spread of Covid-19. Most of the nations that are on the top of pandemic response reports have also been island jurisdictions.<\/p>\n\n\n\n One of the most promising futures of Cyprus is the attention given to investment and relocation schemes<\/u><\/a> to attract foreign talents, their families, and their businesses. With the establishment of vaccination passports and Flight Pass<\/u><\/a> initiatives, it is more than possible to form a Cyprus business with Covid-19 protocols. The governmental agencies work to balance the safety and health of residents with greater access to the country in the months to come, still rolling out ideal business and investment conditions for foreign nationals to enter the growing industries of Cyprus.<\/p>\n\n\n\n Each country has faced challenges with inflation, limited movement of supplies, and financial burdens at all levels of society, yet Cyprus maintains promising growth indicators. Furthermore, governmental attitudes on policy have shifted from economic support and relief towards <\/a>economic growth initiatives<\/u><\/a>. One of the major reasons for continued growth despite financial pandemic impacts is the development of many key industries of the country.<\/p>\n\n\n\n Cyprus business during Covid-19 was halted temporarily like any other global business hub, but the diversity and modernization of the marketplace allowed for efficient adaptions to a changing global climate. Outsourcing capabilities, business support mechanisms, and a highly technological and educated workforce<\/u><\/a> allowed Cyprus businesses to maintain certain levels of function and flexibility in navigating the crisis. While major industries such as shipping and tourism were greatly impacted by the pandemic, other areas such as real estate, investment, and financial services were able to carry on and promote healthy growth indicators for the country.<\/p>\n\n\n\n Another benefit to the Covid-19 pandemic is the rising supply of affordable commercial and investment real estate projects found within the jurisdictions. Earlier in the year, <\/a>the real estate market in Cyprus<\/u><\/a> was displaying signs of growth and advantageous pricing indicators thanks to continued foreign investment and governmental developments.<\/p>\n\n\n\n Establishing a Cyprus business during Covid-19 has been limited in many regions of the world. However, the response efforts in Cyprus have meant that relocating to the jurisdiction was not only possible but also worthwhile. Affordable commercial real estate means greater access to international markets through EU membership and the geographical location of Cyprus without hefty financial strain and slow relocation processes.<\/p>\n\n\n\n \u200b\u200bCompany formation<\/u><\/a> in Cyprus is easy for foreign businesses. The experts at The Aspen Trust Group provide an extensive range of services <\/a>to establish your company headquarters<\/u><\/a> and maintain ideal business management solutions across a range of industry needs. <\/a>Contact our professionals<\/u><\/a> to discover the rewards of becoming a Cyprus business despite Covid-19 and start moving forward without global restrictions or risks to the health of your company or your employees.<\/p>\n","protected":false},"excerpt":{"rendered":" Amid an era of uncertainty and restructuring of business and lifestyle landscapes, Cyprus has remained in the top-ranking spots for pandemic responses anywhere in the world, and Cyprus business even with Covid-19 continued to experience strength and growth among global economies. The Aspen Trust Group examines the impacts that Covid-19 has had on Cyprus and …<\/p>\nKey Takeaways<\/em><\/h3>\n\n\n\n
How Better Business, Regulations, and Lifestyle Tackled the Pandemic<\/h2>\n\n\n\n
An Overview of Cyprus Covid-19 Measures<\/em><\/h3>\n\n\n\n
1. Government Support Schemes<\/h4>\n\n\n\n
2. Border Measures<\/h4>\n\n\n\n
3. Testing, Vaccination, and Quality of Life<\/h4>\n\n\n\n
![\"\"](\"https:\/\/aspentrust.com\/wp-content\/uploads\/2021\/12\/Cyprus-beach-1.jpg\")
<\/figure>\n\n\n\nForging Ahead with Cyprus Business Despite Covid-19<\/h2>\n\n\n\n
Increasing Case Numbers<\/em><\/h3>\n\n\n\n
Access to Cyprus<\/em><\/h3>\n\n\n\n
Steady Growth Recovery Models<\/em><\/h3>\n\n\n\n
Advantageous Real Estate Opportunities<\/em><\/h3>\n\n\n\n
![\"Cyprus](\"https:\/\/aspentrust.com\/wp-content\/uploads\/2021\/12\/covid-19-vaccination.jpg\")
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