Why Cyprus?
High sun & low tax
Cyprus offers one of the lowest corporate tax rates in the European Union (12.5%). Because of its favourable tax system, Cyprus is the gateway to the European & International markets, chosen by many EU & non-EU companies.
Cyprus has an effective and developed legal system with company legislation similar to that of the United Kingdom. Cyprus is a member of the European Union and companies registered in Cyprus, enjoy all the advantages of doing business in an EU country. In addition, the island has well educated, well trained and professional staff who speak fluent English.
Doing business in Cyprus
Cyprus has a service-oriented economy, which has shown remarkable growth over the years. The main pillars of the economy are tourism, shipping and professional services industry. While the country has continuously facilitated the improvement and modernisation of its traditional industries, it also strives to develop an ecosystem that encourages innovation, research & development and start-ups - which makes Cyprus the ideal place to incorporate for many expats.
About Cyprus
Cyprus is the third largest island in the Mediterranean, with an area of 9,251 km² and a population estimated 1,17 million people in 2018. The strategic location of the island has always played a big role in establishing Cyprus as a business hub and a popular tourist destination.
Cyprus joined the European Union in 2004 and has been a member of the Eurozone since 2008. The combination of educated people, infrastructure and availability of investment opportunities make it an ideal business hub in the region.
Living in Cyprus
Climate
Healthcare
Cost of living
Hospitality
Communication
Beaches & Nature
Cyprus' hundreds of miles of coastline offer swimmers a rich choice, more than 50 of which have been awarded the exclusive Blue Flag eco-label. The sun keeps the sea warm from early April to late October.
There is much that is unique to the island, including some of its flora and fauna (including the Cypriot mouflon and Caretta Caretta turtles). You will find lots of unique hiking trails and in general a great natural landscape.
History
EU Membership
Transport Infrastructure & Communications
Education
Safety
The crime rate in Cyprus is extremely low compared to other European countries, making the country one of the safest places to live in Europe.
Strategic Location
Cyprus' strategic location, at the crossroads of the three continents, makes it a convenient place for both business and leisure activities. Its location at the heart of busy shipping and air routes has not only made the island an important trading post, but has also contributed significantly to its growth as a respected international business and service centre.
With over 30 direct scheduled and charter flights now operating to and from Cyprus, getting here is very easy. There are also connecting flights from terminals throughout Europe and the Middle East to the island's two international airports at Larnaca and Paphos.
Cuisine
Activities, Culture & Lifestyle
Cyprus offers a wide range of activities for all ages and interests: archaeological exploration, hiking, cycling, climbing, kite surfing, horse riding, golf... everything your heart desires!
Cyprus offers a wide variety of museums presenting cultural treasures. In addition, the island's art scene is complemented by a number of top galleries. The performing arts are very popular, with festivals, concerts and theatre performances taking place throughout the year. Film festivals, classical music and opera events and international fashion shows are also often on the cultural agenda.
Economy & Taxation
Cyprus has a healthy and robust economy based mainly on the services sector. The island has managed to maintain this stability despite the current economic crisis and global recession.
Cyprus has a very low corporate tax rate in Europe, which is 12.5%.
In addition, Cyprus has signed agreements with 58 countries to avoid double taxation.
Dining with a view
Family Life in Cyprus
Local Produce in Cyprus
Life in Cyprus
Nature in Cyprus
Paphos Sunsets
Insurance in Cyprus
Having insurance could get you out of trouble especially when an unexpected event occurs. Property insurance could reduce your risks, whether you owning/renting a house/apartment or be able to continue your business operations when total or partial destruction of the building occurs.
This guide contains basic information for private health, car insurance and property insurance services intended to protect landlords and / or tenants. Take a look on the below summarized types of insurances:
General Healthcare System
Private health insurance
Car insurance
Home structure insurance
Home content insurance
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