\n Cyprus, e-commerce and logistics\n
\n\n\n More businesses and consumers are embracing the convenience and accessibility of digital platforms in Cyprus.\n
\n\nCould the Mediterranean island nation be your next\n e-commerce destination?
\n![\"Image](\"../../../../img/parcel-delivery/cy.svg\")
\n \n Why Cyprus?\n
\n\n\n The Republic of Cyprus (ROC) is the third largest and populous\n island in the Mediterranean. Its location – between Europe, Asia\n and Africa – makes it a natural trading hub. Overall, the Cyprus\n market is mature, competitive and price sensitive.\n While in the past, many Cypriot companies and consumers may\n have been sceptical about using e-commerce, the COVID-19\n pandemic accelerated and significantly increased the use of online\n services.1\n
\n\n Today, while web-based trade remains relatively small, it is still\n growing steadily. Most companies now have their online presence\n through Facebook, Instagram or individual website pages and\n consumers are becoming more accustomed to making payments\n online.\n
\n\n The UK is an important trading partner for Cyprus, with exports\n covering most sectors and services. British brands and labels are\n also widely recognised and highly valued.\n
\n\n\n- \n
- \n
- \n
- Population \n
\n \n \n - \n
- \n
- Population that are\n internet users\n \n
\n
The\n e-commerce landscape\n
\n\n\n With a population of approximately 1.23 million, Cyprus\n boasts a high internet penetration rate. In 2022, 92% of its\n population was utilising the internet and 63% of them were\n e-shoppers.\n
\n\n The adoption of digital technologies among Cypriot small\n and medium-sized enterprises, with 66% of them\n demonstrating a basic level of digital intensity, surpassing\n the EU average of 55%, indicates promising growth\n potential. With Cyprus’ commitment to a national plan to\n boost digital skills between 2021 - 2025, there is even more\n reason to feel encouraged.3\n
\n\n The e-commerce market in Cyprus is poised to grow at a\n Compound Annual Growth Rate (CAGR) of 13.87 % by 2027.4\n
\n\n When it comes to e-commerce sales in Cyprus, various\n product categories have witnessed substantial growth.\n Today, some of the most popular online purchase categories\n include clothing and footwear, electronics and appliances,\n beauty and personal care products, and home and garden\n items.\n
\n\n Most purchased products in Cyprus
\n- \n
- Furniture \n
- Home electronics \n
- Food & beverages \n
\n Opportunities\n
\n\n\n With an advantageous tax regime, strong legal system,\n highly skilled workforce and advanced\n telecommunications infrastructure, Cyprus boasts an\n attractive appeal to online business owners. As a result,\n the outlook for e-commerce in Cyprus is highly promising,\n right now and in future years.\n
\n\n The Cypriot government has taken initiatives to facilitate\n online businesses and e-com transactions by\n implementing digital payment systems, developing\n secure online platforms and promoting consumer trust\n through regulations and protection policies.\n
\n\n Cross border e-commerce constitutes a significant\n portion of the overall e-commerce sales market in Cyprus.\n Many consumers in Cyprus tend to buy products from\n international online retailers, attracted by a broader\n product selection and competitive prices.\n
\nCross-border purchases\n have doubled since\n COVID 195
\n\n Logistics\n
\n\n\n The ports of Cyprus are operated and maintained by the\n Cyprus Ports Authority. Major harbours of the island are\n Limassol Harbour, and Larnaca Harbour, which service\n cargo, passenger, and cruise ships. Limassol is the larger of\n the two and handles a large volume of both cargo and\n cruise vessels.\n
\n\n You can familiarise yourself with the weights and prices of\n sending a package to Cyprus using\n \n our helpful shipping rates chart.\n \n
\n![\"Shipping](\"../../../../img/about/box-2.svg\")
\n \n\n
Keep\n in mind
\n\n\n The standard VAT rate in Cyprus is 19%. There are reduced\n rates of 9%, 5% and 0% on specific goods and services.\n
\n\n Cyprus is a member of the EU. All goods entering the EU\n are now subject to VAT, which eliminates the previous VAT\n exemption for low-value goods. The EC rules established\n an “Import One Stop Shop” (IOSS), where e-commerce\n vendors can streamline their VAT payment obligations for\n their sales throughout the EU. It allows easy VAT\n registration in EU and ensures that the correct amount of\n VAT will be paid to the Member State based on sales\n location. However, if you do not have an IOSS, SAMOS can\n still help you ship efficiently.\n
\nWhat\n our experts say:
\n\n“The Cypriot e-commerce market has shown remarkable\n growth. As the market continues to evolve, there are\n lucrative opportunities for online businesses looking to\n tap into a growing consumer base.”
\n\nBen Bagnulo, CEO,
\n\n
\n To find out more\n about how SAMOS\n can help you achieve\n fast and cost-\n effective deliveries to\n Cyprus\n get in touch today\n
\n\n\n
1. https://www.great.gov.uk/markets/cyprus/\n
\n2. https://weareprocarrier.com/country-guides/article/shipping-to-cyprus\n
\n3. https://irglobal.com/article/the-booming-cyprus-e-commerce-landscape-a-promising-future/\n
\n4. https://www.mordorintelligence.com/industry-reports/cyprus-ecommerce-market\n
\n5. https://weareprocarrier.com/country-guides/article/shipping-to-cyprus\n
\n