Why Cyprus?

Location, Economy, Security, Culture, Prospects... to name a few

Cyprus is a modern, cosmopolitan EU member state that attracts more and more foreign investors, because is a transparent business centre offering benefits and opportunities for investment across a wide range of sectors in a significant geographical location. At the same time, Cyprus offers quality of life for individuals and families and very good weather conditions.

Strategic Location:
The geographic position of Cyprus determined its destiny through the centuries and made Cyprus an important trade centre. Cyprus is the third largest island of the Mediterranean, between three continents, Europe, Asia and Africa.
Population:
• Cyprus population estimated to 854,800 in 2016 in the non-occupied areas by the Turks. (the next official servey will be done by the Statistical Service in 2021)
• Based on the latest United Nations estimations, March 2018, the population of the Republic of Cyprus is: 1,188,214

Member of the EU & Eurozone:
• Cyprus is an EU member state from 2004
• Cyprus is one of the 19 EU member states that have euro as their currency, since 2008

Economy:
•   Cyprus has been ranked as one of the fastest growing EU economies
•   Cyprus managed to surpass all expectations by exiting recession in 2015, one year earlier than expected
•   Continuing to grow in 2016 and leaving behind the devastating financial crisis of 2013
•   Cyprus has now a diversified economy, a lesson that learned from the financial crisis.

Corporate Tax:
• Cyprus maintains a statutory corporate tax rate of 12,5%

Tax Agreements:
• Double taxation agreements with 58 countries

Key sectors:
• Tourism, Shipping, Investment Funds, Hydrocarbons

Workforce:
• Most of the Cypriot workforce are hardworking honest employees
• Most of the younger generation of Cypriots speak very good English and studied in the best Universities worldwide

Security:
Despite the fact being in a troubled neighbourhood, Cyprus is considered to be one of the safest countries to invest and to live.
Culture:
The first signs of civilization in Cyprus can be traced back to the 9th millennium B.C. In the crossroads between the East and the West and an important trade centre, Cyprus was conquered by many successive powers dominating the Mediterranean region through the centuries. This made Cyprus what it is today, a harmonious unique blend of various cultures, with stronger being the Greek element. Traces of this entire blend can be found in people, in architecture and culture in general. Cyprus is full of historic monuments, museum, churches, cultural centres, theatres, music halls, traditional villages, and many more.
The old blends with the new very smoothly – modern architecture, ancient monuments and ruins, luxurious hotels, good cuisine, restaurants, bars, clubs, museums, marinas, more than 60 blue flag beaches, sports activities, diving, safari trips, flora, fauna and many more.

Important recent historic facts:

1959 - Independence from British rule
1960 - Declaration of Independence
1974 – Invasion of Turkey with tragic results and still today 34% of its land remains occupied.