Cyprus has quite a number of advantages for companies, be it the geographic position, modern infrastructure, largely skilled populace, or favorable fiscal policies. This region has some of the most affordable startups and running expenses within the Eurozone. It has become a major business hub as a result of this.
Leasing Office Spaces Are The Best Option
Handling the complicated policy structure might become difficult. Land constraints, for example, can be complicated and expensive in Cyprus. Obtaining building permissions may take up to two years. As a result, numerous companies take advantage of vacant office space. All of Cyprus’ major corporate districts have a well-organized network of office spaces. Office space is particularly plentiful and recommended in Limassol and Nicosia.
Factors To Consider
Cyprus is a small country, yet there are still a few choices available to choose from. Such factors as which city to base in and even what district in the city are all worth considering.
Each city provides a different economic strength. For example, the capital Nicosia is the political and infrastructural center of the country. It has numerous office complexes that are well-equipped and offer great value. However, Limassol on the south coast is considered to be the true economic capital and is the major port city. As such, a business with logistics or shipping concerns would do better situated in Limassol.
Each city has more than a few business and commercial districts. A typical office space in newer business districts would be more modern and have superior style and amenities. However, an older office building would be better located and closer to the city center and other important facilities.
Limassol seems to be a relatively upscale neighborhood with greater occupancy tariffs. The area contains many newly constructed workspaces but no designated financial district. Because of its age and prominence, Nicosia’s commercial district is low on available offices.
Agents Give An Advantage
More often than not, negotiating for a longer lease period gives more leverage in the bargaining prices. It is worth noting that the majority of lease agreements contain Common Area Maintenance fees. These are intended to keep the maintenance costs of a building’s amenities in check. Hiring a local realtor is the best approach to find good office space at reasonable prices. Visit sohocyprus.cy for more information on office space leasing in Cyprus.
