About Cyprus

Cyprus has always been one of the most attractive places for tourism and business, it’s one of the best places to live, to work and invest.

Strategic Location

With its ideal geographical position at the crossroads of three continents – Europe, Africa and Asia, Cyprus plays a key stabilizing role in the region of the Eastern Mediterranean.

The island is an ideal investment gateway to the European Union, as well as a portal for investment outside the EU, particularly into the Middle East, India and China.

Tax System

Since 1st January 2008, Cyprus as a member of the European Community, introduced Euro as its official currency.

Cyprus offers an attractive and transparent tax regime, fully compliant with EU, OECD and international laws and regulations. Its main features are:

  • One of the lowest corporate income tax rates in the EU at 12.5%
  • Dividend participation exemption
  • No withholding taxes on dividend, interest and royalty payments abroad
  • No capital gains tax (except for disposal of real estate in Cyprus or shares of company holding real estate in Cyprus to the extent gains are attributable to the real estate holding)
  • No succession taxes
  • Attractive IP regime
  • Tonnage tax for shipping companies
  • Notional interest deduction for investments into Cyprus companies
  • Personal tax exemptions for new residents and non-domiciled individuals
  • More than 60 double tax treaties

High Quality of Life

Cyprus offers an enviable lifestyle in a safe, clean and healthy environment with high living standards. Low crime levels, year-round sunshine, centuries of art and culture, and a delicious gastronomy all contribute to a high quality of life. Cyprus is reputable for its excellent road system, with road signs both in Greek and English, two international airports in Larnaca and Paphos and the two greatest ports located in Limassol and Larnaca. Residents and tourists can move around the country with buses, taxis or cars.

The country offers excellent telecommunication services with top notch mobile and internet facilities at high speed services. While the postal services are considered to be efficient and reliable.

The cost of living is relatively low and this makes Cyprus more accessible. There are high-level public and private schools with excellent teachers who raise the level of education very high.

Cyprus is one of the safest country in the world.

Citizenship

Cyprus offers investors a unique opportunity to obtain a permanent resident permit which can lead to a subsequent Cyprus/EU citizenship.

Although similar schemes in other countries would normally take over 6-8 years, you can secure Cypriot citizenship within 3-4 months. A major upside to the citizenship that is offered by Cyprus is that it does not require the investor to reside in Cyprus; neither does it require them to become tax residents.

This’s a major reason to invest in Cyprus

HEALTH AND WELFARE:

With world-class health professionals, the Republic of Cyprus is in a position to provide modernised health infrastructure. It promotes great co-operation in the international medical field, encouraging the establishment of private clinics/hospitals, while offering opportunities for foreign doctors to relocate and conduct operations in Cyprus.

In parallel, the island is known for being a wellness destination, providing luxury spa resorts and rural retreats, addressed to wellness orientated tourists. Investment in both medical and wellness tourism constitutes a serious opportunity for investors, as this sector has immense potential for development, with the recent growth in demand from tourists.

LANGUAGES:

The official languages in Cyprus is Greek. The Greek language which is spoken is a Cypriot dialect of Greek. English is spoken in almost all places, while Russian is quite frequent.

Climate

Cyprus enjoys a pleasant Mediterranean climate of long dry summers and mild winters. It has one of the warmest climate in the Mediterranean part of the European Union.

There are moreover 340 sunny days a year in Cyprus. At the same time there are mountains in Cyprus with snow cover in winter.

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