Cyprus is part of the EU, the British Commonwealth, the Eurozone, and a member of the World Trade Organization and the World Bank. The country offers a favorable tax policy and a GDP that annually increases.
Being an EU member since 2004, Cyprus ensures a safe and stable environment for investors by offering them market access to more than 500 million EU citizens. In addition, Cyprus boasts a developed infrastructure and a rich choice of entertainment. Apart from the financial advantages, exciting features like a pleasant climate, beautiful nature, ancient history and culture, excellent health and education systems are important factors for buying a home in Cyprus.
Obtaining Permanent Residency by Investing in Property
Since 2009, the program of Golden Visa has been operating in Cyprus. Created to support the economy of the country, this program allows investors to obtain a residence permit. Provided that the value of the purchased property exceeds € 300,000, one can get a permanent lifelong residence permit in the EU. The Cypriot residence permit is granted not only to the owner of the property but also to the family of investors.
Cyprus has a strategic location in the Eastern Mediterranean, at the crossroads of Europe, Africa and Asia. This makes Cyprus an ideal investment gateway to the European Union as well as a port for investment outside the EU, particularly into the Middle East, India and China.
Perfect Climate and Environmental Conditions
There are more than 320 sunny days a year in Cyprus. At the same time, there are mountains covered with snow in Cyprus in winter, creating a unique experience for its residents.
The environmental conditions are as good as the climate. The total population of Cyprus is only 1,2 million. There are no large industrial enterprises to pollute the environment. There are also 49 pristine Cyprus beaches on hundreds of kilometers of coastline that have been awarded the international certificate of Blue Flag.
Excellent Education System
Cyprus spend 7% of its GDP on its education system, and it shows. The country has one of the best systems of secondary education in the entire Mediterranean. One can choose both English and Greek or other international schools.
Cyprus offers an attractive and transparent tax regime, fully compliant with EU, OECD and international laws and regulations. Apart from one of the lowest corporate income tax rates in the EU at 12.5%, there are no capital gains tax and succession taxes in the country.