CYPRUS INVESTMENT PROGRAM
Why Invest in Cyprus?
The jewel of the Mediterranean Sea and the mythical birthplace of Aphrodite, the island of Cyprus combines a rich cultural and archeological heritage with great natural beauty and a welcoming population.
Cyprus enjoys a relaxed, Mediterranean lifestyle and has some of the most popular beaches in Europe. With a robust infrastructure, excellent academic institutions, a world-class healthcare system and the lowest crime rate in Europe, Cyprus offers an enviably high standard of living.
The vibrant pulse of the Eastern Mediteranean city of Limassol, has made it the hotspot for property investors.
Strategic Location
Cyprus is uniquely positioned at the crossroads of Europe, Asia, and Africa, offering strategic advantages for business and investment. Its location makes it a hub for international trade, providing easy access to major markets across three continents.
Robust Economy
Cyprus boasts a resilient and diverse economy. Key sectors such as tourism, shipping, financial services, and real estate are thriving, supported by a pro-business government and a favorable regulatory environment. The country has a stable economic outlook, making it an attractive destination for investors.
Favorable Tax Regime
Cyprus offers one of the most attractive tax regimes in Europe. With low corporate tax rates, numerous double taxation treaties, and incentives for foreign investors, the island provides a tax-efficient environment that maximizes returns on investment.
Quality of Life
Cyprus is renowned for its exceptional quality of life. The island offers a Mediterranean climate, beautiful landscapes, and a rich cultural heritage. With its friendly and safe environment, excellent healthcare, and top-tier education systems, Cyprus is an ideal place to live, work, and invest.
Strong Legal System
The Cypriot legal system is based on common law, providing a familiar and reliable framework for international investors. Property rights are well-protected, and the legal processes for property transactions are straightforward and transparent.
Thriving Real Estate Market
The real estate market in Cyprus is booming, with high demand for residential, commercial, and luxury properties. Coastal cities like Limassol, Paphos, and Larnaca are particularly popular, offering a range of investment opportunities from holiday homes to high-end developments.
About Cyprus
Limassol is the second largest city in Cyprus, the biggest and most cosmopolitan city on the coastline. It is a strategic business centre, which offers the wide range of financial and business services.
The international port of Limassol is one of the busiest ports of Mediterranean region and the largest port in Cyprus. Recently the new marina was constructed in the old town of Limassol and four golf courses are located at the distance of 25 minutes drive from the city centre.
The city is famous for its luxurious lifestyle with the sunny beaches, shopping avenues, famous restaurants with delicious food, stunning 5 stars hotels. Limassol has also become one of the most important tourism and trade centres; the city which is famous for its nice weather, cultural heritage and local hospitality attracts millions of visitors every year.
Cyprus is famous for a mild and sunny climate. The island offers a variety of home-grown fruits and vegetables and traditional products of the island.
In Cyprus you can try some of the most delicious food of the Mediterranean cuisine always made with fresh ingredients.
Life is meant to be enjoyed in Cyprus and the finer things in life should never be rushed. Cyprus cuisine is a unique blend of Greek and Arabic food heavily influenced by the Mediterranean diet, said to be one of the healthiest in the world. The best way to experience Cypriot cuisine is to savour the delights of a traditional meze – a seemingly endless succession of ‘small plates’ of wonderful home cooked fare including the famous Cypriot halloumi cheese as well as other delicacies such as moussaka, grilled marinated meats and delicious casseroles to name but a few.
The Cypriot people are famous for their hospitality and kindness. Everybody can enjoy the free of stress and relaxing life style of Cyprus with its sunny beaches, luxurious restaurants and 5* hotel facilities. There are numerous entertainment celebrations during the festive periods such as Limassol Wine Festival, Carnival, etc.
Offering the perfect balance between work and relaxation, with long sunny days in a stress-free atmosphere and beautiful surroundings, Cyprus enjoys an idyllic Mediterranean lifestyle, 340 days of sunshine a year and some of the most welcoming people in the world.
Cyprus national education system has adopted exceptionally high standard. There are also private schools and universities. Cyprus Universities follow the British curriculum system. Some even give the opportunity to their students to get a British University diploma at the end of their studies. Cyprus provides also excellent medical system with a lot of facilities.
Education is one of the most important values in Cyprus, thus the Government is constantly trying to enhance the current educational system. As a result, more and more students enroll in the Cypriot Universities.
Educational policies are formulated by the Ministry of Education and Culture of Cyprus and approved by the Council of Ministers.
Education is provided through pre-primary and primary schooling, secondary general and secondary technical/vocational schools, special schools, third level institutions and non-formal institutions and centers. Higher and Tertiary Education is provided through a wide range of means and methods in public or in private institutions, through full-time, part-time, distance and other forms of attendance.
Cyprus has a dual taxation agreement with more than 50 countries. This means that any earnings on property, business, inheritance and much more will not be touched or in any way claimed in the own country of residence. Cyprus has the lowest corporate tax in the EU which attracts investors from all over the world. Besides the low corporate tax rates, the numerous double tax treaties that Cyprus has concluded with other countries, offer tremendous possibilities for international tax planning through Cyprus in view of the fact that any tax paid in a country with which Cyprus has a treaty is deducted from the Cyprus tax payable on the same income and Cyprus does not impose any withholding tax and dividends, interest and royalties paid by business companies. Additionally there is no inheritance tax.
Since becoming a full member of the European Union in May 2004, Cyprus has been transformed into a key outpost in the Eastern Mediterranean, facilitating partnerships and serving as the springboard for investments among Europe, Africa, and Asia. Providing the perfect gateway for businesses to penetrate new markets, Cyprus is a heaven for modern business.
The island enjoys 2 international airports, Larnaca and Paphos, with more than 55 airlines making the flights all over the world and perfect transportation sea routes due to its location at the crossroads of three continents-Europe, Asia and Africa.
Flight durations:
Lebanon 45 mins
Tel Aviv 55 mins
Athens 1.5 hours
Kiev 3.0 hours
Dubai 3.5 hours
Moscow 3.5 hours
Rome 3.5 hours
St Petersburg 4.0 hours
London 4.5 hours
Wine has been part of Cyprus history since over 4,000 years. Today Cyprus wine is about old tradition and modern technology. There are 45 recognised wineries (and lots of smaller mainly for house production).
There is an abundance of archaeological findings which provide ample evidence that viticultural activities in Cyprus date back to the depths of time. There are unique ancient mosaics portraying god Dionysus (Bacchus), very old wine-presses at the villages of Omodos, Lania and elsewhere and amphorae and other wine-related pots crowding the island’s archaeological museums. They are all tangible proof of Cyprus’ viticultural history through the centuries, testaments of an awe-inspiring heritage in winemaking.