Cyprus, the third largest island in the Eastern Mediterranean Sea has a total area of 9,251km2. Its relatively small size contrasts sharply with the high standard of living and quality of life that the island offers – which is why Cyprus is home to an ever growing expatriate community that enjoys the multicultural spirit of the island and friendliness of the local population.

EU Status

Cyprus has been a full member of the European Union since 1 May 2004, and a member of the Eurozone since 1 January 2008.

Location and climate

The island’s location makes it easily accessible by air, with frequent flights to and from all major destinations in western and Eastern Europe, North Africa, the Middle East and the Gulf region.

Visitors and expatriates enjoy the mild Mediterranean climate and choose Cyprus for regular holidays or a second home.

Favourable tax regime

The Cyprus tax regime has long included a series of incentives for companies registered in Cyprus. Now the recent introduction of a new tax status – that of a non-domiciled resident individual – benefits individuals who make Cyprus their second home. The newly defined status applies to individuals who physically spend less than 183 days on the island. Non-domiciled residents are entitled to significant exemptions, including taxes on passive interest income, dividend income and rental income. (Contact us for full details).

History and culture

The rich history of Cyprus spans 10 millennia, during which the island saw a string of diverse civilizations, conquerors and rulers. Traces of this rich history are visible across the island, and the varied influences have shaped the island’s culture, traditions and customs.

Excellent tourist infrastructure

Whether for permanent living and working, for holidays, or for retirement, Cyprus makes life comfortable and easy with a good network of roads and highways between cities, excellent and affordable telecommunication services, and professional corporate services for the entrepreneur.

Lifestyle

Everyday living in Cyprus offers you a distinctly European dimension and all the simple luxuries of life – with several additional advantages. Shopping, entertainment and leisure options are vast and varied, and enhanced with the island’s mild climate. It is worth noting that Cyprus is rated as the 5th safest country in the world, and has the lowest crime rate in Europe, which is a major factor that contributes to a safe and enjoyable lifestyle.

Education

In addition to public schools and universities, the private sector presents an affordable, high standard alternative. Schools, colleges and universities, with English as the language of instruction, welcome students from around the world, offering them internationally recognized certificates, diplomas and degrees in various fields, including medicine. Cyprus also hosts overseas campuses of the University of East London, University of Central Lancashire, University of the West of England, University of Wales, as well as the University of London’s St George’s Medical programme.

Health care

High standard private health care is both available and affordable, compared with other European destinations. From general practitioners to specialists, in private practices as well as hospitals, doctors and surgeons who have qualified mainly in the UK, USA and Greece offer immediate and reasonably priced treatment.