Limassol has become one of the fastest growing business centres in the Mediterranean in recent years.
Its convenient geographical location, developed infrastructure and favourable tax regime attract companies and investors from all over the world.
One of the key factors contributing to the growth of business activity in Limassol is the city's status as a major international financial centre. It is home to offices of international companies, including financial, insurance and investment institutions. The city also stands out as a major maritime hub, making it attractive to shipping and logistics companies.
The main areas of business activity in Limassol at present are:
- Shipping. Limassol is known as one of the largest shipping centres in Europe. The Port of Limassol is the largest port in Cyprus and an important centre for transit trade.
- Tourism and hospitality. The city has many hotels, restaurants and tourist facilities to cater for tourists visiting the area for its beaches and history.
- Financial services. Many international and local banks, investment and insurance companies have offices in Limassol. Legal and consultancy firms are also well represented.
- Property and construction. The city is constantly under construction. There are many luxury residential complexes and business centres attracting both local and foreign investment.
- Technology and Innovation. Limassol's technology sector is also actively developing, with many start-ups and international technology companies settling in the city.
In general, shipping and financial services are currently considered the most dynamic and important sectors of the Limassol economy. The city is becoming an increasingly important business centre on the Cypriot map. Its developed infrastructure, favourable tax regime and strategic location create ideal conditions for businesses to grow and prosper.