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Business in Cyprus is best conducted face-to-face, as developing a working relationship based on trust is important. Business is conducted formally, and dress should be smart and conservative (a suit and tie are the norm). Greetings are usually made with a handshake, and business cards are exchanged, although Turkish Cypriots (who are mostly Muslim) may not shake hands with women. It is common for women to hold high positions and they are generally well respected in the business world. Punctuality is important, but meetings may not begin on time. Business hours can vary according to the season, but are usually 8am to 1pm and 4pm to 7pm Monday to Friday in summer, closing at 5pm in winter.
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