Why to invest in Cyprus

• Cyprus is considered to be one of the fastest growing markets within Europe and investors are attracted by the potential growth in terms of returns on investment of property in Cyprus compared to other countries in Europe and the UK.
• The Greek Cypriot economy is prosperous and greatly benefiting from EU membership since 2004.
• The property market throughout Cyprus is one of the fastest growing in the European Union and prices in some areas are increasing by an annual average of 20%.
• The high standard and low cost of living, the low crime rate, combined with the climate and relaxed lifestyle, has an added appeal for the potential buyer.
• Cyprus follows a European system of government, administration and everyday business practices that make most foreigners feel at home.
• The Taxation system, the lowest in Europe, with its numerous attractions for foreigners who invest and/or make their home in Cyprus has made the Island one of the most popular “tax havens” in Europe. Tax on pension income received in Cyprus for amounts more than €18,000 (approx.) is taxed at a flat rate of only 5%. Corporation tax is 10% which is the lowest in the EU.
• A high standard of living at relatively low cost (Cyprus has the 3rd highest standard of living among Mediterranean countries). A low cost of living often makes for an improved quality of life.
• Cyprus has adopted the Euro as its main currency and is a full member of the EU.
• Cyprus has a simple and efficient land registration system. The holder of a property title in Cyprus is protected by both the Government and also by the Cypriot Courts.
• Cyprus has a very modern, legally sound, stable and credible banking system.
• The acquisition of property provides the right to apply for a residents permit after 5 years citizenship. Although a temporary permit can be obtained very easily if you own a property.
• The island has over 340 days of sunshine a year. Winter temperatures rarely fall below 15 degrees. Cyprus is one of the three countries in the world where you can snow ski and swim in the same day!
• There is a very low crime rate, no vandalism, no pollution and no traffic congestion.
• Getting around is easy as highways link all of the major towns and cities.
• The law in Cyprus is based on British Law.
• The telecommunication systems are all very advanced. Cyprus Telecommunications Authority is one of the most technologically advanced companies in the world!
• Cyprus has excellent educational and medical facilities.
• Cyprus is rich in history and culture and offers diverse scenery and vegetation.
• There are excellent sports and recreational facilities. The completion in the near future of four new marinas will add to the diversity of water sports and the pending construction of 11 additional international golf-courses (total 14) will place Cyprus at the top of the list in terms of golf courses per person in the Mediterranean.