CYPRUS AT A GLANCE
Cyprus, or Republic of Cyprus as officially called, is the third largest island of the Mediterranean and is conveniently located at the crossroads of three continents: Europe, Asia and Africa. It occupies approximately 9,251km² land area with 648km² of coastline, making it a truly beautiful destination to live, work and travel. The island is popular for its unique character fostered from a long and eventful history, spectacular scenery, diverse landscape and warm climate.
The Republic has been a full member of the European Union since 2004 and a member of the Eurozone since 2008. Cyprus has an adaptable and free market economy with its main economic activities being: energy, forex and trading, tourism, marine and shipping and real estate. The combination of high quality of life, excellent business infrastructure, favourable tax environment, attractive immigration schemes and educated, English-speaking workforce make it an ideal business hub in the region.
Stable economy
Healthy GDP growth
Efficient banking and professional services
Generous government incentives
Favourable tax regime for businesses
Lowest corporate tax rate worldwide
Highly educated and skilled workforce
Excellent infrastructure and telecommunications
Invest in Cyprus - Your Gateway to Europe
The favourable tax regime, excellent infrastructure facilities and services, strong ties with Europe and the several programmes offering residency and citizenship for foreign nationals by investing in property, make Cyprus the ideal destination for investment
FAVOURABLE TAX REGIME
Companies headquartered in Cyprus benefit from a favourable tax regime and full European status. The island boasts one of the lowest corporate tax rates worldwide at just 12.5% (alongside numerous additional tax advantages), which is one of the key reasons that Cyprus has become one of the most progressive and efficient business destinations in Europe
%
INHERITANCE TAX
%
IMMOVABLE PROPERTY TAX
%
DISCOUNT ON TRANSFER FEES (IF APPLICABLE)
%
VAT ON THE FIRST PROPERTY
%
CORPORATE TAX
Business Opportunities
Tourism
With 2.5m tourists visiting Cyprus every year, the tourism industry has always been the backbone of the Cypriot economy and contributed massively to the country’s gross domestic profit. Being one of the most resilient and strong economic sectors, tourism-related real estate, infrastructure and services continue to be one of the most attractive investment opportunities in Cyprus
Leading Maritime Hub
Thanks to the island’s centered geographical position between three continents has always been a convenient hub for ship owning and ship management company registration. Today, the Cypriot maritime registry is one of the largest in the European Union and the 10th largest worldwide, enhancing the island’s reputation as a shipping power with high quality standards
OIL & GAS
New natural gas discoveries offshore Cyprus proves a tremendous opportunity for the island, highlighting its prospective role as an alternative source of energy to Europe. With Cyprus being a strategic energy partner for the EMEA region and continuously developing new infrastructure projects for the development of the energy market, Cyprus provides many additional opportunities for investment
