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Despite being one of the world’s smallest countries, Cyprus has developed into one of the world’s major financial and business centres. It has gained this enviable position through its attractive tax system, transparent legal system, world-class professional and banking services and superior global telecommunications capabilities.

During the past decade Cyprus has established itself as the main financial centre for inward investment in Russia, Central and Eastern Europe. This is due to the strong cultural and political ties it has with this region and last but not least, its comprehensive treaty network with all the major countries in the region.  Cyprus was and still is the largest source of investment into Russia over the past five years, ahead of the other major financial centres such as Luxembourg, the Netherlands, Germany, Great Britain, the US and France.