Situated at the crossroads of the three continents of Europe, Africa and Asia, Cyprus is the third largest island in the Mediterranean. Its strategic location makes it a highly sought-after investment jurisdiction for EU, Asia, and Middle Eastern investors.
The Cyprus Tax regime is perhaps the most attractive and transparent EU tax regime. It is fully compliant with EU, OECD, and international tax legislation. Key features of this include:
Cyprus has been a member of the European Union since 2004 and a member of the European Monetary Union since 2008. EU membership acts as a safety net for investors ensuring efficiency, stability, and free access to a market of 510 million people.
Asset protection is at the core of Cypriot legislation which safeguards and protects private property from expropriation, requisition or any form of deprivation. The constitution itself places sufficient safeguards for asset protection, and at the same time, Cyprus is a signatory to the MIGA Convention, the ICSID Convention, and 26 Bilateral Treaties related to foreign investment protection. Moreover, the EU legal framework operates as an additional safeguard in terms of asset protection enhancement. Hence the entire legal framework makes Cyprus an ideal asset protection jurisdiction for managing global wealth
The Cyprus legal system is founded upon English Common Law principles. The application of the EU legal framework makes Cyprus a fully transparent, and harmonized country in accordance with EU and international standards (OECD, FATCA, CRS, AML, etc). This ensures that an effective, reliable, and business-friendly framework is in place which advances business practices for investors and international business.
Cyprus enjoys more than 10,000 years of history and civilization with an amazing climate with more than 340 days of golden sunshine a year. People lucky enough to live here enjoy the beautiful beaches with crystal waters, ancient sites of history and culture, the amazing local cuisine, and the spirit of hospitality, love, and well-being.
Moreover, Cyprus’ healthcare services correspond to EU and international standards offering both public and private healthcare whilst the island is considered amongst the safest countries to live with marginal criminality rates (Cyprus is ranked as the safest country for young people in a survey conducted by the World Health Organization (WHO)).
Cyprus is internationally connected with other jurisdictions through its two modern international airports, with fully fledged low-cost airlines, and two multi-purpose deep sea ports. It also has an excellent telecommunications network and internet infrastructure, bus systems for each major city, inter-city connections, bicycle lanes, and a number of new marinas.
Cyprus has over 2,000 active, English and Russian speaking, legal practitioners and accountants. The vast majority are fluent in other languages as well. The workforce is highly educated and trained which means that the advanced professional services sector facilitates economic growth and sustainability, whilst truly making Cyprus one of the most favorable investment jurisdictions and financial hubs in the world.