Cyprus is the third largest island in the Mediterranean. Its strategic location has played an important role in establishing Cyprus as an international business hub - attracting millions of euros in property and other investments from overseas - and as a very popular tourist destination.
The island is the sunniest country in Europe with over 324 days of sun annually. It boasts amazing pristine sandy beaches with crystal clear waters. Mountains and forests are only a short drive away from the cities where you can enjoy nature at all its glory.
Cyprus has been a member state of the EU since 2004 and a member of the Eurozone since 2008.
Cyprus has a very modern transparent and efficient tax system, always adhering to EU and international regulations. Cyprus tax resident companies benefit from Cyprus’ extensive and growing double taxation treaty network with 58 countries.
Cyprus has a low and competitive corporate income tax rate of 12.5%. Several exemptions are applicable however. For example, foreign sourced dividends and profits are exempt from corporate income tax.
Cyprus is a great place for business.
Cyprus has been a member state of the EU since 2004 and a member of the Eurozone since 2008. The combination of quality people, business infrastructure and availability of investment opportunities continue to make it an ideal business hub in the region.
The Cyprus economy has been growing rapidly in the last few years positioning Cyprus among the top five Eurozone performers in 2017, with an impressive growth rate of 3.9% , compared with an EU average of 2.5%. The European Commission predicts a growth rate of 3.2% in 2018 and 2.8% in 2019.
More than 70 airlines fly to and from Cyprus with major destinations in Europe and the Middle East reached from the international airports in Larnaca and Paphos. The road system is excellent with highways connecting the main cities while the roads are less congested than in many other European cities. Cyprus enjoys advanced technological infrastructure of the island and has a well-established modern telecommunications network.
As an EU Member, Cyprus offers excellent healthcare services at a lower cost than most other EU countries. In 2019, Cyprus has proudly created its National Health System supporting all residents.
The education system in Cyprus in of the highest standard with numerous universities and colleges plus international schools to accommodate English and Russian residents.
Enjoy a high standard of living, thanks a rapidly growing economy, sunny weather, the cleanest beaches in the EU, mountains and nature within easy reach and the lowest reported crime rate in the EU.
Cyprus offers a multitude a leisure and sports activities in both summer and winter, modern lifestyle and night life, historical sites luxurious sea front properties with spectacular views, the finest cuisine and entertainment, most five star hotels per capita and much more.
A relaxed Mediterranean lifestyle has established Cyprus as not only a popular tourist destination but as one of Europe’s top destinations for tourists, business professionals and retirees. Cyprus is therefore a very diverse, multicultural and cosmopolitan place to live in.