Words cannot even remotely describe the Mediterranean paradise island of Cyprus.
Its geographical position (Europe, Africa and Asia) are connected through Cyprus), countless natural beauties and the overall prosperity resulted from the ongoing business development, have established Cyprus as a significant business center and enhanced the quality of life for the island’s residents.
The golden beaches with the world-famous crystal-clear waters, the rich cultural and historical legacy as well as the countless picturesque landscapes with the wonderful waterfalls, have ranked Aphrodite’s island as an attractive holiday destination suitable for everyone.
The criminality levels are quite low, and this is the reason why people who consider relocation prefer Cyprus to gain a higher quality of life in a summery and safe destination.
The total population of Cyprus is 904,622 (2020) in an area of 9,250 km2 and with a coastline of 648 km. The island’s capital is Nicosia, Limassol is the second largest city followed by Larnaca, Paphos.
Cyprus is an EU member since May 2004 and the currency used is Euro (€) since January 2008.
Cyprus has two multi-purpose ports, one in Limassol and one in Larnaca, which handle both passenger and freight cargo while offering logistics services.
Additionally, there are two international airports, one in Larnaca and one in Paphos, which welcome and serve around 10 million visitors every year and are connecting the island to famous destinations all around the world.
The Cypriot hospitality and the island’s vivid nightlife make Cyprus world famous. World famous clubs (Guaba Beach Bar No. 17 in the world), exquisite restaurants, amazing bars and beautiful landscapes are only few of the reasons why foreigners prefer Cyprus for relocation, investments and business purposes.
Considering all the above, it is no surprise that investors gain a lot when investing in Cyprus as the island is an attractive, business hub with multiple incentives and tax favorable regimes for establishing a business in Cyprus.
Established Double Taxation Treaties with more than 67+ countries, 12.5% corporate tax, one of the lowest corporate tax rates in Europe, Effective tax on royalty income of 2.5%. (subject to conditions), Exceptional taxation regime for shipping corporations, VAT exemption for international transport services when the effective use and enjoyment of the services taking place outside the EU etc, are only some of the numerous incentives offered to investors in Cyprus.
Choosing the appropriate family friendly destination for relocation, business expansion and investment, is not an easy and lighthearted decision.