Invest in Cyprus
Human talent
2013 statistics demonstrate that 39,2% of Cypriots in the 25 – 64 age group have acquired tertiary education – higher than the EU28 average of 28,63% and one of the highest percentage in the world.
Value for money
Cyprus is a dynamic business centre that offers relatively lower operating costs while also providing top quality services, including accounting, auditing, tax, business administration, legal, investment and funds management
Legal framework
The legal system is based on the U.K. Common Law principles and aligned with the EU laws and regulations (Acqui Communautaire). Cyprus provides quality legal services in areas such as international law, corporate administration and management services.
Ease of doing business
Cyprus has developed into an international quality business centre that offers specialized services and rewarding business opportunities catering for the diverse needs of international investors, enhancing the ease of doing business.
Quality of life
Cyprus offers a wonderful environment with a very comfortable standard of living. Living and working in Cyprus is combined with fabulous weather, beautiful nature, art and culture, safety, security, and above all, hospitable people.
Residency and citizenship
Non EU residents have the opportunity to acquire a permanent residency permit with the purchase of a private home of at least 300,000 EUR and deposits of minimum 30,000 EUR in a local bank for three years.
Taxation
Cyprus offers one of the most attractive tax systems in Europe. a) The country provides a simplified, effective and transparent tax regime that is fully compliant with the EU laws and regulations. b) Dividend income, profits from overseas permanent establishments and profits from the sale of securities are exempt from tax. Also, there is no withholding tax on dividend, interest and royalties paid from Cyprus. c) Most international transactions are exempt from VAT. d) Cyprus has a network of double taxation agreements with more than 48 countries and bilateral investment agreements with 19 countries. Additionally, Cyprus has access to EU Directives that focus on reducing or eliminating foreign withholding taxes.
More info
Last update on 1 September 2022. Read more at Cyprus Investment Promotion Agency - www.cipa.org.cy
