The island of Cyprus offers the perfect combination of a strong business environment and leisure. Ideally located at the crossroads of Europe, Africa, and Asia—the beautiful island of Cyprus is an international business centre with a business-friendly tax regime, countless investment opportunities, and an excellent quality of life.
Famous for its extensive beaches, first-class infrastructure, and 330 days of sunshine, Cyprus is a magnet for home buyers, international travellers and High-Net-Worth Individuals (HNWI) seeking to settle down, do business, or experience all the attractions Cyprus has in store.
Is investing in Real Estate in Cyprus worth it? That’s a definite YES—and here are 5 reasons why:
Strategic Location
Cyprus is ideally located at the crossroads of three continents: Europe, Asia, and Africa. It is a major trading post situated at the heart of shipping and air routes. With two international airports, travelling to and from the Island of Cyprus is quick and convenient, with over 30 direct scheduled and charter flights.
Highly Beneficial Tax System
Cyprus is listed as one of the fastest-growing economies in Europe and has the lowest corporate tax rates at 12.5%. Additionally, the island has ongoing treaties with more than 40 countries for double taxation avoidance. As a member of Eurozone, Cyprus has no exchange restrictions; therefore, foreign investors and non-residents can easily get access to profits made from their investments in Cyprus.
To name a few more economical advantages of Cyprus’ effective tax system: Cyprus has zero inheritance tax, zero transfer fees, zero annual property tax, capital gains tax exemption, 5% reduced VAT policy, and for non-residents working in Cyprus, a 50% exemption on employment income exceeding €100,000 per annum. These are only a few of the many advantages of Cyprus’ highly enviable tax regime and legal system.
First-Class Infrastructure
The island of Cyprus is equipped for business and adorned for leisure. Cyprus provides modern and efficient infrastructure with advanced communications, highly qualified workforce, export markets, accessible transportation systems, modern road networks, exclusive golf resorts, marinas, recreational parks and casinos, educational institutions and reliable healthcare facilities.
Wide Variety of Properties
Real estate in Cyprus is among the highest and most stable investment opportunities in Europe. Cyprus offers a variety of properties across different cities, from hilltop luxury villas with mountain views to seafront houses, from studio apartments in the heart of the city to single-detached houses in suburban areas. You can find any type of property according to your needs and expectations. See our article about investing in the beautiful seaside cosmopolitan city of Limassol.
High Quality of Life
Boasting an incredible work-life balance, modern infrastructure and natural attractions, Cyprus has been recognised as one of the world’s top relocation destinations. It is a friendly and welcoming island with economic stability, cultural diversity, and rooted in timeless traditions. It has also been ranked as the 5th safest destination in the world with the lowest crime rate in Europe. Moreover, Cyprus offers a high standard of living for a relatively low cost, wherein the cost of living is 56.8% cheaper than living in the UK. In Cyprus, you can relish in the lifestyle you want without breaking your pockets.
