About Cyprus
Cyprus is the third largest island in the Mediterranean Sea. It is strategically located in the Eastern Mediterranean at the crossroads of Europe, Asia and Africa. Its total population is estimated at approximately 800,000 people. Cyprus is an independent sovereign Republic with a presidential system of government. The island is known as the Jewel of Mediterranean and the legendary birthplace of Aphrodite, saturated by beautiful beaches and breath-taking landscapes, while it enjoys more than 340 days per year of sunshine.
On May 01, 2004 the Republic of Cyprus became a full member of the EU. Accession to the EU was a natural choice for Cyprus, dictated by its culture, civilization, history, its European outlook and adherence to the ideals of democracy, freedom and justice. EU accession has launched a new era of challenges, opportunities and responsibilities for Cyprus. Since accession, Cyprus has successfully faced the challenge of European integration, and has established itself as the natural portal for inward and outward investment between the EU and the rest of the world, particularly the rapidly growing economies of Russia, Eastern Europe, India and China. Cyprus is a member of the Commonwealth, the Council of Europe, the IMF, the UN, the World Bank and the WTO, and a founder member of the Organization for Security and Co-operation in Europe.
Why Choose Cyprus?
Cyprus presents a compelling case for those seeking a new home or business venture, combining an exceptional lifestyle with significant financial advantages.
Excellent Education, Healthcare, and Safety
Your well-being is a priority in Cyprus. The country is recognized as the 5th safest in the world. You’ll have access to Europe-standard healthcare through the General Health System (GeSY), with modern hospitals and specialized clinics providing excellent medical care. For families, there are international schools and prestigious universities with global recognition.
Vibrant Coastal Living and Active Lifestyle
Experience the best of both worlds with Cyprus’s dynamic coastal cities and abundant outdoor activities. Enjoy a buzzing seafront city brimming with life, luxury, and culture, offering everything from award-winning restaurants to five-star hotels. The urban landscape is constantly evolving with exciting new developments. For the adventurous, Cyprus offers hiking, biking, climbing, sailing, and even skiing in the Troodos mountains. You’ll also find world-class golf courses, marinas, casinos, and family attractions to explore.
Affordable High Quality of Life
Enjoy a high standard of living without the hefty price tag. Cyprus ranks 14th in the EU for affordability, with housing costs 25.5% lower than the EU average. You’ll also find competitive pricing for professional services, ensuring quality without compromise. Getting around is easy too, with short driving distances across the island and two international airports for seamless travel.
Significant Financial Benefits
Cyprus offers a highly favorable financial environment. Benefit from one of Europe’s lowest corporate tax rates at 12.5% and a tech-friendly IP regime with tax rates as low as 2.5%. New residents can enjoy a 50% tax deduction, along with capital gains and securities exemptions. The island also boasts over 60 double tax treaties, dividend income exemption, and no withholding taxes. All of this is supported by transparent, stable legal and banking systems and top-tier commercial services.
