INVEST IN CYPRUS
Living in Cyprus
"The quality of life is determined by its activities."
-Aristotle-
Its prominent location has been important in trading for thousands of years as it acted as the link between the three continents. However, with the dramatic changes taking place in the last 20 years, the country has become one of the most important trading and financial services provider in the region.
Live Love Nicosia
Seize the opportunities and beauties Nicosia,
the capital of Cyprus has to offer
At the Crossroads of 3 continents
The location of Cyprus make it ideal for both business and pleasure. Being at such a geostrategic location has contributed significantly to the growth of the country as a reputable international business and service center and one the most important trading posts of the area
Climate
Cyprus enjoys a pleasant Mediterranean climate of long dry summers and mild winters. It has one of the warmest climate in the Mediterranean part of the European Union.
Generally warm temperature season last about eight months. It begins in April and ends at November. In the remaining four months of the year, the temperature tends to remain mild. Rain occurs mainly in winter and snow is possible only in the mountains, in the central part of the island.
Cost of Living
People in Cyprus enjoy a relatively low cost of living in comparison to the rest of the member states in the European Union. That means that living in Cyprus brings a high standard of living within reach.
Economy and Taxation
The Cyprus economy relies mostly on the services sector with a positive economic outlook and implements one of the most attractive and transparent tax regimes:
- One of the lowest corporate tax rates in the EU at 12.5%
- An attractive Double Tax Treaty network covering more than 60 countries
- Access to all EU Tax Directives
- Dividend income exemption based on relaxed conditions
- Capital gains tax exemption
- No withholding tax on outgoing dividend, interest or royalty payments
- Gains from trading in securities are tax exempt
- Notional interest deduction available for equity investment into Cypriot companies
- Foreign Exchange gains or losses are tax neutral
- An attractive personal tax regime for international professionals and non-domiciled individuals
- No succession or inheritance taxes
- No immovable property taxes
- A competitive Intellectual Property regime
- Tailor-made provisions for the investment funds industry
- Competitive Tonnage Tax for Shipping companies and an approved EU open registry
- Tax deductions for investment into start-ups
Excellent Infrastructure
Mediterranean Lifestyle and Cuisine
Apart from business, Cyprus has a relaxed and enjoyable lifestyle. The Cypriot traditional cuisine is a unique combination of Greek and Arabic flavors, known for its healthy Mediterranean roots.
The hundreds of miles of coastline in Cyprus provide plenty of choices for swimmers, with more than 50 with the exclusive eco-label Blue Flag award. The sun keeps the sea warm from early April until the end of October.
DOING BUSINESS IN CYPRUS
The comparative advantages which Cyprus offers as an International Business Centre derive mainly from:
