Recently the world’s interest towards Cyprus has significantly increased. Why is Cyprus attractive today? Why do we have every right to speak about the New Cyprus? Let us make a short list of the New Cyprus advantages.
Large offshore gas deposits have recently been discovered in the Exclusive Economic Zone of Cyprus. The value amounts to 300%-3000% of GDP. Cyprus will cover up to 10% of the EU needs in gas.
Construction of the first casino resort is set to increase the number of tourists by 0.5 to 1mln a year. This will add to more than 3m tourists visiting the island every year while population of the Republic of Cyprus is about 900.000. The casino resort is planned to be the largest in Europe.
Wealthy and healthy country
Cyprus is a member of European Union and Eurozone.
By GDP per capita Cyprus is at the level of rich European countries - ranked 35th in the World (by nominal)
Average lifetime – 85 years by women, 81 years by men. Cyprus has modern and effective Healthcare system
One of the lowest corporate taxes in Europe (12,5%). A special tax regime (IP Box) provides for a further decrease in corporate tax for IT, Forex and other companies.
Non-domiciled Cyprus tax residents are not subject to dividend tax, taxes on rental income and on deposit interest generated worldwide and in Cyprus.
No Inheritance tax.
Ease of immigration
Property acquisition (€300.000) allows to obtain permanent lifetime residence permit in Cyprus. For the investments below €300.000, one can obtain temporary residence permit.
Qualitative English education
There are private English schools providing complete cycle of primary and secondary education in all the major cities of Cyprus.
Private and public education systems are distinguished by high standards. Results of exams taken in Cyprus are accepted by all European universities.
A number of well-known UK universities (University of Central Lancashire, University of the West of England, University of Kent, others) have their branches in Cyprus in addition to 12 local universities.
One of the lowest crime rates in the European Union.
95% of the population of Cyprus speak English and at a high level at that.
Very friendly population especially towards foreigners. Cyprus is one big family. Foreigners now account for more than 1 in 5 of the population. This is the second rate in Europe (after Luxemburg).
Cyprus ranks 5th best destination country for relocation in the world (source: Knightfrank).
Advanced Legal system based on English law.
Wonderful climate and a healthy environment
The only European country where one can swim in the sea in November.
Sunny days range from 300 to 340 a year.
In winter average temperature is 15°C in the daytime and in summer it is 30°C.
Cyprus population is less than 900.000 people. There are no large industrial enterprises, which could pollute the environment. Car park is modern and uses only petrol/diesel of European quality. As a result Cyprus has clean and healthy environment.
The greatest number of blue flag beaches per coastal line in the World for several consecutive years.
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