CYPRUS
WELCOME TO THE ISLAND OF LEGEND!
Cyprus
At the crossroads of Europe, Africa and Asia, the island of Cyprus enjoys a prime geographic allocation of great strategic importance in the north-eastern Mediterranean. Boasting 10,000 years of a colourful and intricate history and civilization, East meets West in the most glorious fashion, with swish modern eateries and luxury hotels befriending stunning ancient sites, which call out to greet you around every corner.
Blessed with a warm and balmy climate and almost year-round sunshine, lovers of the outdoors are spoilt for choice with champion golf courses beckoning sporty types while keen swimmers, hikers and cyclists can make the most of the fascinating scenery. Whether you wish to explore the island’s glistening seas and sandy bays, or yearn to travel through breathtaking mountain trails that cut through rugged pine clad mountains up to the highest peaks of Troodos -towering almost 2000 metres above sea level- there’s plenty to excite you.
Perfect Climate
All Year Round
European
Member
Multi-Cultural
Island
Safe For
All The Family
Healthy
Market
MULTI-CULTURAL ISLAND
Привет, Hello, Γειά σου
easy & Safe
Living in Cyprus
Cyprus offers an attractive combination of a low cost of living, premium healthcare, and exceptional safety, making it a popular destination for expats. Living expenses in Cyprus are about 10% lower than the EU average, allowing residents to enjoy a high quality of life and a relaxed island lifestyle that supports a positive work-life balance. The country’s healthcare system is highly regarded, ranking 29th globally in 2023, ahead of nations like the UK and Canada, with specialties such as IVF, dentistry, orthopaedics, and cardiology drawing international patients. Additionally, Cyprus is one of the safest countries in the world, ranked 23rd in the EU and outperforming countries like France and the US in the Global Peace Index.
Investment Opportunities And Growth In Cyprus
Cyprus Key Benefits
Cyprus is experiencing a tremendous growth and development lately and offers several advantages for investors, entrepreneurs and retirees looking for a sustainable lifestyle change and of course the perfect choice for families to reside. Cyprus offers an ideal family environment, enabling your children to benefit from excellent schools and universities while healthcare and infrastructure are all state-of-the-art. With a stable and resilient economy, Cyprus has managed to gain the status of an ideal investment gateway, transforming into a competitive financial and business hub.
Jurisdictional Benefits
Mature services jurisdiction with abundance of highly qualified workforce;
Legal system: British Common Law;
Efficient tax regime in line with OECD requirements;
65 double tax treaties;
Excellent telecommunication systems (5G);
Availability of incentives for professional relocation at corporate and individual level;
Low set up costs
Access to Markets
More than 40 EU Trade Agreements
Full access to European markets: enjoying free movement of goods, services and capital
Proximity & easy access to major markets
2nd fastest growing country brand worldwide (Brand Finance 2017)
Strong economic performance
Robust GPD growth after pandemic
Positive macroeconomic forecasts from IMF and European Commission
Low unemployment rate
New economic sectors currently promoted
Investment Funds
Renewable energy
Innovation and startups
Information Communication Technology (ICT)
Cyprus Attractive Tax Regime
Lowest corporate tax rate of 12.5%
Notional Interest Deduction on new equity invested;
Fully reformed Intellectual Property Regime;
Capital gains from the sale of immovable property situated outside Cyprus are tax exempt;
No withholding tax on outgoing payments (dividends-interest-royalties);
No inheritance tax
Concessions available to foreign individuals employed in Cyprus.
Individuals that were tax residents outside Cyprus and are commencing employment in Cyprus, may be entitled to exemptions.
Tax Resident in Cyprus is an individual who stays in Cyprus for a period (or periods) exceeding in aggregate 183 days in the tax year.
The 60 days rule: An individual may be considered a Cyprus tax resident if s/he: a) does not spend more than 183 days in any other jurisdiction during the tax year; b) not considered to be a tax resident in any other country during the tax year; and c) spends at least 60 days in Cyprus during the tax year; or Maintains a permanent home in Cyprus (by owning or leasing); or Exercises a business in Cyprus as self-employed or employed by a Cyprus company or holds an office in a Cyprus company at any time during the tax year;