Group Lease Public Company Limited has decided to set up an investments and financial services company in Cyprus to spearhead its expansion into Eastern Europe, Africa and Latin America. Cyprus has been chosen as the springboard for GL's global expansion because of its strategic location; it is a member of the European Union (EU) which is well known for its favorable taxation, legal and financial regimes making it ideal for GL to use as a center to raise funds and expand globally. The strategic plan on global expansion came after GL has achieved historical-high profits of THB 1,062.82 million in 2016, which represents a whopping 82.34% increase from the year before.