Cyprus

Cyprus

FACTS AND FIGURES ABOUT CYPPRUS:

  • Geographical Location: 3rd largest island in the Mediterranean Sea located in the eastern Mediterranean – Middle East (between Asia, Africa and Europe)
  • Main Cities: Nicosia(capital), Limassol, Lamaca, Paphos, Famagusta, Kyrenia
  • Official Languages: Greek and Turkish (English is widely spoken)
  • Population (2014 est.): 1,172,458
  • Currency: EURO, joined EUROZONE since January 2008
  • Time Zone: 2+ GMT
  • E.U: Full E.U Member since May 2004
  • Legal System: Common Law primarily based on the English Legal System
  • Airports: Larnaca and Paphos International Airport
  • Drive: On the left side

CYPRUS AS AN INVESTMENT DESTINATION - AN ISLAND BETWEEN EUROPE, MIDDLE EAST AND AFRICA

Since ancient times the historical importance of Cyprus far exceeded its small size. Its geographic location, together with its agricultural, mineral and forest wealth, made Cyprus, a transit station and centre of trade and culture.

Nowadays, Cyprus strategic location is considered a blessing as it attracts powerful forces with economic and strategic motives from all over the world. It has become a land of opportunities for many foreign investors, especially after its accession to the European Union in 2004 and its adaption of the E.U currency in 2008 where it facilitated easily international commercial transactions and also made the island a member of a huge, fast growing market. Additionally, it has evolved into an international business hub due to the island’s friendly, modem legal and tax regime which automatically motivates people to invest not only their wealth but also to expand and advance their business.

Cyprus is also a popular tourist destination that offers a multidimensional experience to everyone that visits the island. Here you will be exposed and discover more than 1000 years of history and cultural heritage, where you will be welcomed by the Cypriot hospitality and enjoy the sunny weather which is more than 300 days of blue skies a year due to the islands mild climate. Cyprus is an island full of contrasts surrounded by sandy beaches and world class resorts with marinas that offer high standards which meet the needs both of leisure and work by offering professional services for conferences.

The recent discovery of oil and gas reservoirs found in the Exclusive Economic Zone (EEZ) are of a major importance not only for Cyprus to solve its own energy dependency but at the same time it would develop the region around Cyprus and make the island a new energy hub for the whole Europe.

Despite the recent global financial and economic crisis, Cyprus has managed to overcome the challenges through its innovative tactics/methods and modem business environment and has managed to adapt to the constantly changing environment in order to guarantee in every way the interests of the island.

The introduction of the highly successful “Citizenship by Investment” Programme and the “Fast Track Residency by Investment Programme” has boosted further the economy and has rendered Cyprus a prime choice for many high net worth individuals who wish to enjoy the benefits of EU Citizenship.


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