Business Development in Cyprus Lakatamia

Business Development in Cyprus Lakatamia

Business Development in Cyprus Lakatamia has been a great success! It has allowed businesses to expand and create new opportunities, while providing the local community with jobs and economic growth. Despite some (initial) difficulties, the city is now flourishing. Not only have businesses flourished, but also people, as they have found new ways to make money or start their own business.

Nevertheless, it hasn't always been easy. The government had to invest heavily in infrastructure and regulations to lay the foundation for businesses to thrive. Furthermore, competition was fierce for these enterprises thanks to a saturated market and high taxes which often put them at risk of closing down.

Despite this, many companies have persevered and achieved huge success! With ever-changing technology comes new ideas which are being adopted by Cypriot companies - allowing them to stay ahead of the game and remain competitive in today's world. In addition, many investors are choosing Cyprus Lakatamia as an ideal place for their business investments due to its location and low taxation policies.

Overall, Business Development in Cyprus Lakatamia is proving incredibly beneficial! By investing in their own future, the residents of this city are creating a prosperous economy that will continue into the future - something that everyone should be excited about!

Citations and other links

City of Lakatamia
City of Lakatamia is located in Cyprus
City of Lakatamia
Location in Cyprus
Coordinates: 35°7′0″N 33°19′0″E / 35.11667°N 33.31667°E / 35.11667; 33.31667
Country Cyprus
DistrictNicosia District
Government
 • TypeMunicipality
 • MayorPhotoula Hadjipapa (AKEL)
Population
 (2011)[1]
 • Total39,000
Time zoneUTC+2 (EET)
 • Summer (DST)UTC+3 (EEST)
Websitewww.lakatamia.org.cy

Lakatamia is also home to a football club EN THOI Lakatamia who has played in the Cypriot First Division, however for only one season in their history. THOI usually play in the lower leagues and are currently in the Cypriot Third Division. Cypriot international Valentinos Sielis used to play at the club Due to the expansion of the Nicosia urban area, Lakatamia has grown from two small villages (Upper and Lower Lakatamia) into a sizeable suburb. Lower Lakatamia used to be inhabited by both Greek and Turkish Cypriots until the mid-1950s. Its name originates from "alakatia", i.e. wells, which were apparently abundant in the old village. Lakatamia Airfield, an airstrip used by the Cypriot National Guard, is located to the east of Lakatamia. Lakatamia (Greek: Λακατάμια [lakaˈtamɳa]; Turkish: Lakadamya) is a southwestern suburb of Nicosia, Cyprus. In terms of population, Lakatamia municipality is the third largest municipality in Nicosia district and the fifth largest municipality in Cyprus (after Limassol, Strovolos, Nicosia and Larnaca). In 2011 Lakatamia had a population of 38,345.


About Lakatamia


Frequently Asked Questions

Nicosia offers a range of potential areas for businesses to develop, including industries such as tourism, finance, retail and technology.
Challenges may include navigating the regulatory environment, finding suitable premises and recruiting qualified personnel.
Business Consultancy can provide assistance with the legal requirements of setting up a business in Cyprus, advise on taxation laws and regulations, assist with market research and provide guidance on strategic planning.
The Cypriot Government has launched several initiatives to support new businesses including grants, tax incentives and subsidies. It also offers various training courses to help entrepreneurs develop their skills.