About Cyprus

About Cyprus

New industries

New industries

  • Offshore gas deposits have recently been discovered. The value amounts to 300%-3000% of GDP. Gas extraction will start from 2019
  • Construction of the first casino resort is set to increase the number of tourists by 0.5 to 1mln a year
Wealthy and healthy country

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 31st in the World
  • Average lifetime – 81 years by women, 78 years by men. Cyprus has modern and effective Healthcare system
Low Taxes

Low Taxes

  • One of the lowest corporate taxes in Europe (12,5%)
  • Non-domiciled Cyprus tax residents (i.e. those individuals who have not been tax residents for the last 17 years out of 20) are not subject to tax on dividends generated worldwide and in Cyprus
  • No Inheritance tax
Qualitative English education

Qualitative English education

  • A good selection of private English schools providing primary and secondary education in all the major cities of Cyprus
  • The best English education in the Mediterranean and one of the best in EU
  • A number of well-known UK universities have their branches in Cyprus. 12 local universities offer high European standards of education for the bachelor, master and MBA programmes
Wonderful Climate & Environment

Wonderful Climate & Environment

  • The only European country where one can swim in the sea in November
  • Sunny days range from 300 to 340 per year
  • The population of Cyprus is only 858.000 people. There are no large industrial enterprises. As a result Cyprus has clean and healthy environment
Comfortable Life

Comfortable Life

  • One of the lowest crime rates in the European Union
  • More than 90% of the population of Cyprus speak English
  • Cyprus ranks 5th best destination country for relocation in the world
  • Advanced Legal system based on English law