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INVEST IN CYPRUS
WHY CYPRUS ?
Cyprus offers an enchanting climate and lifestyle, characterized by abundant sunshine throughout the year, picturesque natural scenery, a vibrant cultural heritage, and a storied history.
These attributes provide a plethora of options to suit various preferences and tastes, ensuring an abundance of choices for individuals seeking distinctive experiences.
Cyprus ranks among the top 5 safest countries globally and notably emerges as the safest nation for young people out of 184 countries, as indicated by data released by the World Health Organization (WHO).
UNIQUE NATURAL LANDSCAPES
The island provides expatriates and their families with an enviable lifestyle set in a safe and dynamic environment. It seamlessly merges traditional and modern aspects, offering an ideal blend for both enjoying life and achieving a satisfying work-life balance.
Cyprus boasts an impressive achievement of 69 Blue Flag beaches, the highest per capita in the EU according to Eurostat. Continuously recognized for its pristine waters and outstanding water quality within the EU, Cyprus received a flawless score of 100% at 112 swimming locations across the island, as reported by the European Environment Agency (EEA).
HIGH-QUALITY HEALTHCARE
Cyprus's healthcare system has been ranked 24th globally, surpassing the healthcare systems of Germany, Canada, and the United States according to WHO.
Both residents and foreigners express confidence in Cyprus's healthcare services, leading to a steady rise in medical tourism. The country is increasingly attracting tourists seeking various healthcare services. Popular areas of medical tourism in Cyprus include plastic surgery, infertility treatment, IVF, dentistry, cardiology, orthopedics and spine treatment, as well as recovery and rehabilitation.
TAX OPTIMISATION
Cyprus offers various tax incentives to its residents, making it
an attractive destination for individuals and businesses.
For instance, the standard corporate income tax rate is set at 12.5%,
which is the lowest among European countries.
In terms of personal income tax, rates range from 20% to 35%.
However, individuals with an annual taxable income below €19,500
are exempt from this tax.
Property owners who purchase primary real estate for their own residence can enjoy a VAT deduction, reducing the VAT rate from 19% to 5%. Additionally, there is no annual property tax imposed; instead, property owners are subject to a yearly municipal tax fee. The amount of this fee varies based on the property's value and typically ranges from approximately €60 to €150 per year.
Why Cyprus:
Cyprus has long been favored by foreign investors for property investment. Its consistently expanding economy, along with its business-friendly environment and various incentives, create an appealing landscape for investment.
Citizenship and Residency Programs:
Cyprus offers attractive citizenship and residency programs for investors, providing access to the benefits of European Union membership and facilitating global mobility.
Favorable Tax Environment:
Cyprus boasts a favorable tax regime, including low corporate tax rates, double taxation treaties with numerous countries, and tax incentives for certain investments.
Strategic Location:
Cyprus is strategically positioned at the crossroads of Europe, Africa, and Asia, making it an ideal hub for international business and trade.
Quality of Life:
Cyprus offers an excellent quality of life, with a pleasant Mediterranean climate, beautiful landscapes, and a rich cultural heritage, making it an attractive destination for investors seeking lifestyle benefits alongside their investments.
Competitive
Real Estate Market:
Despite its attractiveness to investors, Cyprus still offers competitive real estate prices compared to other European destinations, presenting opportunities for capital appreciation and rental income.
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