Cyprus...
A Mediterranean Paradise Awaits
Why Cyprus is the Perfect Choice for Property Investment
Strategic Location
The island is an ideal business, relocation and retirement destination for overseas buyers. In between three continents (Europe, Africa & Middle East) and as a member of the European Union and the Euro zone community, Cyprus ensures safety and stability for investors, while also offering them market access to more than 500 million EU citizens.
The local infrastructure is ideally suited for business people who need to get things done. Thanks to its modern road network, extensive port facilities and two international airports, travel and transport in and beyond Cyprus is fast, efficient and economical.
Tourism in Cyprus
The island is an ideal business, relocation and retirement destination for overseas buyers. In between three continents (Europe, Africa & Middle East) and as a member of the European Union and the Euro zone community, Cyprus ensures safety and stability for investors, while also offering them market access to more than 500 million EU citizens.
The local infrastructure is ideally suited for business people who need to get things done. Thanks to its modern road network, extensive port facilities and two international airports, travel and transport in and beyond Cyprus is fast, efficient and economical.
Real Estate in Cyprus
Cyprus is a country with a promising future in the Real Estate market. In 2024, the value of this market is projected to reach a staggering US$116.30bn. The Residential Real Estate segment dominates this market, with a projected market volume of US$89.58bn in the same year (statista.com). Looking ahead, the market is expected to experience steady growth with an annual growth rate at least 4%.
It is expected that this growth will result in a market volume of US$136.30bn by 2028. Cyprus’ real estate market is experiencing a surge in demand for Apartments and Villas from international investors and buyers offering at the same time Permanent Residency permit through Real Estate investments with the minimum requirement to be set at €300K.
Business Friendly
All Europeans are free to establish their own company in Cyprus and they don’t need a local Cypriot partner to legalize and incorporate a company. Cyprus offers many advantages for overseas investors to expand their business offering attractive initiatives to expand and maximize their actions.
On the same time, the taxation system is highly effective providing superior transparency in complete compliance with international and EU regulations.
Quality of Life
High quality of life is one of Cyprus’ most compelling advantages. The island is recognised as one of the top European countries for migration, according to Eurostat surveys. In 2021, it was ranked 3rd after Luxemburg and Malta and welcomed 27 non-EU citizens per 1,000 people while in Portugal and France, this rate was 5 people per 1,000.
Cyprus is becoming a multinational country, loved by many foreigners from different continents. Easy going procedures and simple daily life tasks are enjoyable, so sit back and relax!
Natural Beauty & Climate
Cyprus has an invigorating Mediterranean climate with year-round sunshine. Stunning coastlines, golden sandy beaches and clear blue waters, coexist harmoniously with glorious mountains of wild natural beauty and peaceful, picturesque villages.
Cyprus’ famous sandy beaches have been awarded with 57 Blue Flags and recognized as the country with most Blue Flags per capita and the country with the most Blue Flag beaches per coastline. Overall, the island of Cyprus has been an attractive destination for nature lovers for many years.
Safety & Security
Among its many attributes, Cyprus also boasts safety and security to all residents. The Island has less violent crime than any other European country.
It has been nominated as the SAFEST country in the world, comparing countries with population of less than 5 million people.
At the same time, Cyprus is one of the safest countries in the world in general. The island is known as a safe place to live as its crime rate is one of the lowest in Europe.
Children and the elderly people can safely walk the streets alone and the environment is a warm and welcoming one.
Tax Advantages
Cyprus offers an attractive and transparent tax regime, fully compliant with EU, OECD and international laws and regulations, providing access to an extensive network of more than 60 Double Tax Treaties, and maintaining a corporate tax rate of 12.5%, one of the lowest in the EU.
Cyprus offers international investors and domestic businesses confidence to invest, grow and prosper. Some of the main features of the Cypriot tax system include:
Dividend participation exemption – Exemption on disposal of securities (e.g. shares, bonds, debentures) – No inheritance taxes – No withholding taxes – Attractive IP regime – Tonnage tax for shipping companies – No tax on dividends.
Personal Income Tax
| Chargeable Income € | Tax Rate % | Tax Amount | Cumulative Tax |
|---|---|---|---|
|
0 - 19.500 |
00 |
- |
- |
|
19.501 - 28.000 |
20 |
1.700 |
1.700 |
|
28.001 - 36.300 |
25 |
2.075 |
3.775 |
|
36.301-60.000 |
30 |
7.110 |
10.885 |
|
Over 60.000 |
35 |
Personal Income Tax
| Chargeable Income € | Tax Rate % | Tax Amount | Cumulative Tax |
|---|---|---|---|
|
0 - 19.500 |
00 |
- |
- |
|
19.501 - 28.000 |
20 |
1.700 |
1.700 |
|
28.001 - 36.300 |
25 |
2.075 |
3.775 |
|
36.301-60.000 |
30 |
7.110 |
10.885 |
|
Over 60.000 |
35 |
Education
Education is a major aspect of the important benefits that one may gain as a citizen of the Republic of Cyprus. Cyprus has two highly recognized public universities (University of Cyprus and Cyprus University of Technology). Cypriot citizens who secure places at state universities are not subject to any tuition fees as all undergraduate courses are free.
Additionally, Cypriot citizens have the right to study in another EU Member States with the same conditions and fees as the nationals of the said country.
This is an exceptional advantage given that several EU Member States provide free education or low tuition fees for both undergraduate and postgraduate degrees. A great example of counties with low or free tuition fees are Germany, The Netherlands, Sweden and Greece.
Healthcare
The Republic of Cyprus provides healthcare at an extremely low cost and in many cases public hospital charges are non-existent. All EU citizens have extensive and clear rights with respect to healthcare in any of the 27 Member States of the European Union. Cypriot public hospitals are equipped with the latest technology which aims to provide high quality healthcare.
As with respect to healthcare in any of the 27 EU Member States, patients have the benefit to receive healthcare in any EU Member State and receive treatment under the same conditions and at the same cost as people insured in that Member State.