Cyprus – General Info
yprus is an island known for centuries as the Jewel in the Eastern Mediterranean, due to its natural beauty and wealth. The excellent geographical location between: Europe, Asia, and Africa, played a strategic role for the development of the island as a Financial Center.
The beautiful beaches of Cyprus offer an all year-round sunny Mediterranean climate, many fascinating remains of history from Neolithic settlements through Asian cities and Byzantine Art in combination with the hospitality of the local people. This makes Cyprus the European’s most Favorite Tourist Destination. In 2016 Cyprus had record-breaking numbers of tourist arrivals.
Cyprus is a member of the European Union since 2004. It is the safest European country with the lowest levels of crime, relatively low cost of living excellent tax benefits for corporate businesses and no inheritance tax. It has good policies for social and medical care and a wide range of private English schools and Universities. All these in combination with Investors -friendly Tax regime backed up by more than 60 Double Tax Treaties Agreements and highly professional and educated workforce, makes Cyprus the preferred Jurisdiction by High Net-worth Individuals for Business relocation and residency.
In 2013 the island was ranked as the 5th Best Relocation Destination worldwide by the Knight Frank Global Lifestyle Review.
One of the main objectives of the economic policy of the Republic of Cyprus is to further encourage Foreign Direct Investment and to attract High Net Worth individuals to settle and carry out business in Cyprus.
In order to do that, the Cyprus Government decided to simplify the Regulation 6(2) of the Aliens and Immigration Regulations in order to issue more efficiently residence permits to applicants from non-European countries.
What are the benefits?
Top Holiday Destination
No Inheritance Tax
No Physical Residence Requirement
Low Crime Rate
Low Tax Rates
Common Law Legal System
No Language requirement
Information about Cyprus?