Cyprus - Ease of doing business
New business density (new registrations per 1,000 people ages 15-64)
New business density (new registrations per 1,000 people ages 15-64) in Cyprus was 13.26 as of 2020. Its highest value over the past 14 years was 39.04 in 2007, while its lowest value was 13.26 in 2020.
Definition: New businesses registered are the number of new limited liability corporations registered in the calendar year.
Source: World Bank's Entrepreneurship Survey and database (http://www.doingbusiness.org/data/exploretopics/entrepreneurship).
See also:
| Year | Value |
|---|---|
| 2006 | 27.89 |
| 2007 | 39.04 |
| 2008 | 32.21 |
| 2009 | 20.80 |
| 2010 | 24.49 |
| 2011 | 24.56 |
| 2012 | 22.44 |
| 2013 | 13.44 |
| 2014 | 13.76 |
| 2015 | 13.81 |
| 2016 | 16.66 |
| 2017 | 16.62 |
| 2018 | 17.58 |
| 2019 | 15.40 |
| 2020 | 13.26 |
Time to obtain an electrical connection (days)
Definition: The average wait, in days, experienced to obtain an electrical connection from the day an establishment applies for it to the day it receives the service.
Source: World Bank, Enterprise Surveys (http://www.enterprisesurveys.org/).
See also:
| Year | Value |
|---|---|
| 2019 | 58.00 |
Power outages in firms in a typical month (number)
Definition: Power outages are the average number of power outages that establishments experience in a typical month.
Source: World Bank, Enterprise Surveys (http://www.enterprisesurveys.org/).
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| Year | Value |
|---|---|
| 2019 | 0.200 |
Firms experiencing electrical outages (% of firms)
Definition: Percent of firms experiencing electrical outages during the previous fiscal year.
Source: World Bank, Enterprise Surveys (http://www.enterprisesurveys.org/).
See also:
| Year | Value |
|---|---|
| 2019 | 14.50 |
Time required to get electricity (days)
The value for Time required to get electricity (days) in Cyprus was 137.00 as of 2019. As the graph below shows, over the past 10 years this indicator reached a maximum value of 207.00 in 2014 and a minimum value of 137.00 in 2015.
Definition: Time required to get electricity is the number of days to obtain a permanent electricity connection. The measure captures the median duration that the electricity utility and experts indicate is necessary in practice, rather than required by law, to complete a procedure.
Source: World Bank, Doing Business project (http://www.doingbusiness.org/).
See also:
| Year | Value |
|---|---|
| 2009 | 207.00 |
| 2010 | 207.00 |
| 2011 | 207.00 |
| 2012 | 207.00 |
| 2013 | 207.00 |
| 2014 | 207.00 |
| 2015 | 137.00 |
| 2016 | 137.00 |
| 2017 | 137.00 |
| 2018 | 137.00 |
| 2019 | 137.00 |
Firms visited or required meetings with tax officials (% of firms)
Definition: Percent of firms that were visited or required to meet with tax officials.
Source: World Bank, Enterprise Surveys (http://www.enterprisesurveys.org/).
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| Year | Value |
|---|---|
| 2019 | 11.10 |
Firms that spend on R&D (% of firms)
Definition: Percent of firms that spend on research and development.
Source: World Bank, Enterprise Surveys (http://www.enterprisesurveys.org/).
See also:
| Year | Value |
|---|---|
| 2019 | 8.00 |
Firms experiencing losses due to theft and vandalism (% of firms)
Definition: Percent of firms experiencing losses due to theft, robbery, vandalism or arson that occurred on the establishment's premises.
Source: World Bank, Enterprise Surveys (http://www.enterprisesurveys.org/).
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| Year | Value |
|---|---|
| 2019 | 12.80 |
Firms expected to give gifts in meetings with tax officials (% of firms)
Definition: Firms expected to give gifts in meetings with tax officials is the percentage of firms that answered positively to the question "was a gift or informal payment expected or requested during a meeting with tax officials?"
Source: World Bank, Enterprise Surveys (http://www.enterprisesurveys.org/).
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| Year | Value |
|---|---|
| 2019 | 0.000 |
Labor tax and contributions (% of commercial profits)
Labor tax and contributions (% of commercial profits) in Cyprus was 13.00 as of 2019. Its highest value over the past 11 years was 13.40 in 2017, while its lowest value was 11.50 in 2008.
Definition: Labor tax and contributions is the amount of taxes and mandatory contributions on labor paid by the business.
Source: World Bank, Doing Business project (http://www.doingbusiness.org/).
See also:
| Year | Value |
|---|---|
| 2008 | 11.50 |
| 2009 | 11.50 |
| 2010 | 11.70 |
| 2011 | 11.80 |
| 2012 | 11.80 |
| 2013 | 12.00 |
| 2014 | 11.90 |
| 2015 | 13.40 |
| 2016 | 13.40 |
| 2017 | 13.40 |
| 2018 | 13.00 |
| 2019 | 13.00 |
Other taxes payable by businesses (% of commercial profits)
Other taxes payable by businesses (% of commercial profits) in Cyprus was 1.10 as of 2019. Its highest value over the past 11 years was 1.30 in 2009, while its lowest value was 0.50 in 2010.
Definition: Other taxes payable by businesses include the amounts paid for property taxes, turnover taxes, and other small taxes such as municipal fees and vehicle and fuel taxes.
Source: World Bank, Doing Business project (http://www.doingbusiness.org/).
See also:
| Year | Value |
|---|---|
| 2008 | 1.30 |
| 2009 | 1.30 |
| 2010 | 0.50 |
| 2011 | 0.50 |
| 2012 | 0.60 |
| 2013 | 0.70 |
| 2014 | 1.10 |
| 2015 | 1.20 |
| 2016 | 1.20 |
| 2017 | 1.10 |
| 2018 | 1.10 |
| 2019 | 1.10 |
Profit tax (% of commercial profits)
Profit tax (% of commercial profits) in Cyprus was 8.30 as of 2019. Its highest value over the past 11 years was 9.60 in 2016, while its lowest value was 7.80 in 2008.
Definition: Profit tax is the amount of taxes on profits paid by the business.
Source: World Bank, Doing Business project (http://www.doingbusiness.org/).
See also:
| Year | Value |
|---|---|
| 2008 | 7.80 |
| 2009 | 7.80 |
| 2010 | 9.40 |
| 2011 | 9.20 |
| 2012 | 9.10 |
| 2013 | 9.20 |
| 2014 | 9.50 |
| 2015 | 9.30 |
| 2016 | 9.60 |
| 2017 | 8.10 |
| 2018 | 8.10 |
| 2019 | 8.30 |
Classification
Topic: Private Sector & Trade Indicators
Sub-Topic: Business environment
