1. Cyprus: A Mediterranean Business Oasis
Cyprus attracts entrepreneurs with its efficient tax system: corporate tax can range from 2.5%(when using the IP Box Regime) to 13.75%, depending on the company’s structure and income sources. Starting in 2026, the base rate is expected to rise to 15% under the EU Directive2022/2523 (Pillar Two) for large groups with revenues over €750 million.
Despite this, Cyprus remains an advantageous jurisdiction thanks to its network of over 65 double tax treaties, tax incentives, and flexible tax planning options.
Its strategic location and infrastructure also play a major role. Positioned at the crossroads of Europe, Asia, and Africa, Cyprus provides access to markets in the EU, MENA, Asia, Ukraine, Georgia, and Kazakhstan. Developed infrastructure, including modern ports and airports, supports efficient business operations.
A notable example is the FinTech company “Deriv.” In December 2024, this international online brokerage opened its second office in Cyprus (Nicosia, Asteroid). The new Nicosia office functions as a technology development hub focused on artificial intelligence, data analytics, and next-generation financial solutions.
2. UAE – More Than Just Tourism and Oil
The UAE offers 0% personal income tax and only a 9% corporate tax on profits exceeding AED375,000. Free Economic Zones such as DMCC and JAFZA allow for 100% foreign ownership and simplified business registration. The country is heavily investing in digital infrastructure, supporting startups and tech companies. Programs like Dubai Future Accelerators and Hub71 in Abu Dhabi foster innovative business development.
Ukrainian entrepreneurs are also seizing opportunities in the UAE. The Ukrainian startup “GreenTech Solutions,” specializing in renewable energy, opened an office in Dubai in 2023.Through participation in the Hub71 program, the company attracted investments and expanded into Middle Eastern markets