Cyprus is positioned in a privileged strategic location which enabled the country to maintain cultural similarities and excellent diplomatic relationships with both the West and East. It is the closest Eurozone country to the significant and emergent markets of the Middle East, Asia and Africa.

Cyprus is also a member of the following international organisations:
  • United Nations (1960)
  • The Council of Europe (1961)
  • The Commonwealth (1961)
  • The World Bank (1962)
  • The World Trade Organisation (1995)
  • European Union (2004) and Eurozone (2008)

Additionally, the country has proven to be very reputable as an international shipping centre and a large number of ship management companies are conducting their international business operations in the country. As a result, the majority of the main ship management companies in the world have established offices in the island.