01/05/2024
Why invest in Cyprus 🇨🇾🇨🇾🇨🇾🇪🇺🇪🇺🇪🇺
About Cyprus
Cyprus is a modern country that enjoys a strategic geographical position. It lies at the crossroads of three continents, Europe, Africa and Asia, thus provides unrivalled access and travel opportunities. With its excellent flight connections and first class airports, the island is perfectly placed for working and travelling within and beyond the European Union.
Cyprus has a rich heritage and diverse culture, beautiful beaches with the cleanest bathing waters in Europe, fresh air, a wonderful Mediterranean climate and cosmopolitan cities with an abundance of amenities.
The island offers a low cost but high standard of living and is a very popular year round destination for Europeans seeking a coastal or golf holiday. This beautiful island offers visitors a wonderful living experience that combines a comfortable and stress free way of life with a modern and sophisticated environment, ideal for people looking for the perfect balance between business and pleasure.
The Republic of Cyprus is a country with a very favorable taxation system and this constitutes one of the top options for investment and business all over the world. Cyprus has a modern, free-market, service based economy and is a favoured business destination due to its strong set of business and taxation advantages.
Additionally, the island is very safe and stable making it an ideal location for families and students. Cyprus is rapidly recovering from recent economic turmoil thanks to significant activities in the shipping, tourism, financial & legal services sectors. Cyprus is an emerging regional energy hub, since the discovery of huge hydrocarbon reserves in its Exclusive Economic zone the island has seen a surge in foreign investment and development. Also, Cyprus recently launched residency and citizenship programmes have proved highly popular, creating strong demand in the property sector. Cyprus enjoys world-class property rights and solid investment, trade, labour, business and financial freedom.
It is a member of the European Union since 2004 and is also a member of the Eurozone benefitting from all the advantages that such memberships entail. Cyprus is also part of the Single Market, the world’s most highly developed and open marketplace. It ranks 11th on the List of International Naval Capacity worldwide while it places 4th amongst European countries establishing the Republic of Cyprus as a maritime power.
One may easily identify many positive factors in support of investing in Cyprus. The weather is beautiful, with lots of sunshine for the majority of the year. The cost of living is relatively low, as is the taxation rate in comparison to other EU member states.
Although Greek is the official language English is the widely spoken in Cyprus. The people are friendly and accommodating and life is laid-back and relaxing. For most people looking to purchase property or live here, the financial and legal aspects of Cyprus law are similar to that of the United Kingdom.
The Cyprus legal system is a common law system, based on UK standards, and land register is one of the most advanced and reliable in the world. Purchasers of property in Cyprus will therefore be far more secure, with regards to their property transactions and title deeds, than they might be in another country. In Cyprus, the holder of the title deed is the sole legal owner of the property.
• Cyprus became an EU member on 01.04.2004
• Beautiful scenery & very low crime rate
• Advanced infrastructure
• No inheritance tax
• Excellent health care system
• English widely spoken
• Very clean air & the cleanest bathing waters in Europe!
• Efficient & transparent British based legal system
• Cyprus allows dual citizenship
• Euro currency
• Modern banking sector with property lending facilities
• Freehold property with full ownership
• Legal system based on English common law
• Adopted the Euro in 2008
• Low prices compared to other common ‘sun’ destinations
• Low cost of living, and low crime rates (Mercer index)
• Low taxation, one of lowest in EU (from Forbes index)
• Large infrastructure development – Golf Courses and Marinas
• UNESCO world Heritage sites
