Your best business development ideas in Cyprus

Hi everyone,

As a foreign entrepreneur, launching a business in Cyprus is a fantastic project and an exciting challenge. Some ideas are likely to succeed. Some others are promising but may not work as well as intended.

In your opinion, what kind of business or industry is likely to succeed in Cyprus? What kind of industry or service currently unavailable or underdeveloped in the country would meet local needs?

On the other hand, what are the most common business types foreign entrepreneurs would be eager to launch in the country but with very little chance of success?

Thank you for your insights.

Cyprus' natural endowments are its weather and low crime rate, and decent common law judicial system. 
It is a place for services that do not require importing or exporting anything and do not require low labour costs. Hospitality, offshore services ...

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