The professional services sector is one of the most resilient and vital sectors of the Cypriot economy contributing significantly to the GDP of the country. It is the sector which, despite the economic crises the country experienced in the past in addition to the most recent Covid-19 pandemic and regional conflicts, continues to grow and create thousands of employment opportunities.
The main stakeholders of the professional services sector include regulated firms of accountants, auditors, lawyers, tax and other professionals, administrative service providers and international business units of Cypriot banks. A large number of qualified and well-educated professionals and experts are employed in the industry, a key to the success of the sector. The clientele of this sector includes, apart from local clients, foreign investors, international corporate entities, and high net worth individuals.