Cyprus: Business freedom

The latest value from 2025 is 79 points, unchanged from 79 points in 2024. In comparison, the world average is 63 points, based on data from 174 countries. Historically, the average for Cyprus from 1996 to 2025 is 79 points. The minimum value, 70 points, was reached in 2006 while the maximum of 85 points was recorded in 1996. See the global rankings or world map for that indicator or use the country comparator to compare trends over time.

The Business Freedom index for Cyprus from The Heritage Foundation measures the ability to start, operate, and close a business. It reflects the overall burden of regulations and the efficiency of the government of Cyprus in the regulatory process.

Definition: The Business freedom index is based on 10 indicators, using data from the World Bank’s Doing Business study: Starting a business-procedures (number), time (days), cost (% of income per capita), and minimum capital (% of income per capita); Obtaining a license—procedures (number), time (days), and cost (% of income per capita); Closing a business—time (years), cost (% of estate), and recovery rate (cents on the dollar).