the second largest city of the island is situated on the southern
part of Cyprus, emerged out of two of the most important ancient
city-kingdoms, Amathus, to the east of the town, and Kourion to
the west, both of which are being extensively excavated. Acting
as a magnificent backdrop to the city that spreads for miles along
the coast are the Troodos Mountains, in whose fertile foothills
most of the country's grapes are grown.
the Middle Ages when the Crusaders had Cyprus under Richard the
Lionheart, Limassol has been known to traders for its wine and sugar
cane. Thereafter the Crusaders made their headquarters at the Square
Keep west of the city, known as Kolossi
Medieval Castle, where they fostered the making of wines, particularly
the sweet dessert with "Commandaria" - the oldest named wine in
the world. Now, with a population of 155.000 is the center of Cyprus
winemaking industry, and an important commercial and tourist center.
Limassol is an excellent sea resort, with a ten-mile coastline;
a busy shopping center, countless taverns and restaurants nightlife
to suit tastes ranging from modest to sophisticate and it's an
important seaport, industrial, tourist, offshore
and port of registry center. The modern economic development
of the city started in the beginning of the 20th Century with the
creation of what is called the traditional industry of the area,
the wine and spirit industry. During that time there was also the
development of large citrus and vineyard plantations, west of Limassol.
The city was also the major exporting center of Amiantus ore which
was transferred from Troodos mountain via a 24-kilometre aerial
cableway to the city's shore where was loaded to cargo ships for
is the home of all the wineries, which made Cyprus famous for it's
exceptionally good wine. Wine making in Cyprus run deep into the
islands history, so deep as the roots of the vine grow into the
earth, and the history of the wine is parallel with the history
of the island with all its Fortunes and misfortunes.
tourist industry started developing to an important economic activity
in the 1930's with Platres on Mount Olympus being a major tourist
destination at the time with many visitors from Greece and Egypt
including the most famous of all the king of Egypt Farouk.
industrial activity in Limassol has changed face with the creation
of the first industrial area in 1969 and with the completion of
the new Limassol port at the beginning of 1970's. Although Limassol
was becoming a major commercial center on the island, the real growth
came after the terrible events of 1974, the Turkish invasion where
200,000 Cypriots lost their homes and properties. The city's population
was tripled overnight. The events of 1974 as well as the war in
Lebanon the following year busted Limassol's potential in becoming
a major trade and shipping center not only on the island but also
of the Middle East.
its roles as the second largest city, the island's main port, the
center of the wine industry and a bustling holiday resort, Limassol
emerges as a spirited and cosmopolitan seaside town. Limassol is
the "city of fun" as it's called in Cyprus and it is the home of
the world famous wine festival, a ten-day event end of September,
where you can mingle with the crowds in the beautifully decorated
Municipal Gardens to sample the Cyprus wines which flow freely during
the event. Limassol is also the home of the Carnival parade in spring,
and the hundreds of parties around the city where an exhilarating
atmosphere is created during the weeklong celebrations. If you decide
to visit us during the hot nights of July and August, Limassol still
offers you amongst other pleasures, the international Dance Festival,
at the Garden Theatre, or the possibility to watch a play, a Greek
drama or a concert at the ancient theatre of Curium.
visit to the places of interest would include Limassol Castle, which
houses The Cyprus Mediaeval Museum, the District Archaeological
Museum, the Folk Art Museum, the Limassol Municipal Art Gallery,
and the Municipal Gardens. Also in the vicinity are the placid Yermasogia
dam, frequented by keen anglers, and the Salt Lake at Akrotiri,
home of thousands of migrating birds in winter, and a stopover point
for millions more as they go to different climates in spring and
autumn. In nearby foothills, delightful villages continue the gentle
pace of rural life.
- Offshore Center
islands strategic location, the excellent infrastructure, the convenient
accessibility by sea and air, its well-educated workforce as well
as the low cost of living and its pleasant way of life contributed
to the islands development to an undisputed regional offshore center.
offshore company registration passed the 30,000 levels with over
a thousand of them operating through their fully-fledged offices.
Over half of them operate from Limassol.
has worked its way through many obstacles and over the last 19 years
was developed to a respectable offshore center. Currently the majority
of the offshore companies registered in Cyprus are involved with
trade, marketing and distribution, followed by ship management and
maritime, business engineering and consultancy, news agency and
commercial and merchant banking, insurance and third party financial
is by far the most important as far as company registrations are
concern. Trading companies use the Limassol Port with all its facilities
and services to do their transit or as a regional storage and distribution
center. It is considered to be an excellent base for those companies
that are doing business with Middle East, North Africa, or Eastern
companies, amongst other things, take advantage of the high standard
service sector for their banking, documentation and transaction
needs. You do not need a fully-fledged exports department with all
the relevant costs. Very reliable, efficient and competitive service
providers in Cyprus could easily handle the majority of the documents.
shipping industry, despite the recent bad publicity, continues to
grow and it is currently the fifth largest one as far as gross tonnage
is concerned. There are about 2,000 large vessels registered under
the Cypriot flag.
Cyprus success as a maritime center is due primarily to its legal
system, governing shipping, which is based on the British Maritime
Law. The number of double tax treaties with other countries and
the law taxation definitely help the islands potential in becoming
a maritime center with ship owning companies, paying no tax whatsoever
on income, dividends paid or any other form of income from the vessels
operations or sale. Ship management companies pay taxes on their
profits at the rate of 4.25%.
and the islands' proximity to Europe play an important factor in
the decision to choose Cyprus as a base. In addition to the telecommunications,
human resources, and leaving conditions a developed banking system
and the organized shipping community in a council, the Cyprus Shipping
Council, helped the industry on the island to improve its services
to owners and managers as well as to promote the island a maritime
center. Perhaps the most important factor of all is the existence
of many Ship management companies offering top quality services
to ship owners all over the world.
recent shipping profile change and the development of the Ship management
companies, Limassol is the name of two of the worlds' largest five
Ship management companies. Limassol is hosting over 90% of the shipping
industry and over 50% of the offshore companies that operate out
of a fully-fledged office.
Port is the major port of Cyprus for all the ingoing and outgoing
cargo. The port handled close to 400,000 TEU's in 1996, about 70%
of the total traffic in containerized local and transit cargo, as
well as 96% of the 690,000-passenger traffic. It is not by chance
that 50 international cruise liners included Cyprus in their Mediterranean
routes resulting to over 100,000 visitors of which 80% through Limassol
recent improvements of the parts infrastructure with more than double
the loading and unloading capacity as well as the significant upgrading
of the superstructure to enable service to the fourth generation
container ships, combined with the strategic location of the port
provides a perfect solution to the shipping needs.