There are many British run business,s here in the East, many that have been going for years, one I know for over ten another for eight, both run by younger expats with families, another newly successful business is the 'red open top bus tours' with a Cypriot partner. Two who I know of that are running successful franchises both British both late fifties with plenty of money to start up. One new british franchise just opened this week with a start up cost of £100k, not young owners but expats with business 'savvy'
This is operating in Paphos as well. A fairly new discounted chain of food items looking for more premises to keep up with demand. Another who has shares in a boat company now in its fifth year, I could keep going, these of course are one,s I know of.
Those who fail probably have never run a business before or did,nt take into account that to establish ones business in Cyprus would take some time, unlike UK. They would have failed no doubt in any country. Another killer has been the recession, again that could have happened wherever you chose to start a business.
My OH is self taught Greek and fluent in Farsi and a UK business owner of 30 years and who would never sunbathe
finds being in business in Cyprus 'a walk in the park' compared to the UK. Now at the end of our third year, successfully. But of course we are only 'Brits' so what can you expect.
Being in a business other than your birth country is of course an everyday occurence, many do it and do it well. Our first shot lasted nearly 30 years I don,t expect this one to last that long not because of Cyprus though because in 30 years we will be over 80
The big boys of Europe now seeping into Cypriot society like Ikea and soon Lidl are also in a much bigger way proving successful and brought in by forward thinking Cypriot businessmen.
You still get the slower pace of life here though thats just the way it is
although I know many want to challenge the laws on opening hours. In these days of air/con premises many newer business,s don,t want the long break at lunch anymore and still stay open till 7 or 8pm.