With its rich and varied culture, Cyprus provides investors with a secure and stable environment, making it an ideal place for raising families. Situated at the crossroads of Europe, Asia, Africa, and the Middle East, Cyprus offers an excellent location for global travel. As a significant member of the European Union and an active participant in the British Commonwealth, Cyprus stands as an attractive destination. The Cyprus Citizenship by Investment Program is particularly well-suited for business and investment, acknowledging a plethora of investment opportunities for interested individuals.

Country Background:

• The nation, officially known as the Republic of Cyprus, has a population of 1.1 million.
• Cyprus joined the European Union in 2004 and the British Commonwealth in 1961.
• In 2008, the country adopted the euro, becoming part of the Eurozone currency union.
• With a GDP of $28,000 per capita, Cyprus is an advanced, high-income economy, achieving a very high score on the Human Development Index.
• Cyprus features an established offshore banking sector and the lowest corporation taxes in the EU, providing attractive possibilities for international tax planning. Numerous tax exemptions exist for non-residents, with free trade within the European Union.
• The island has signed double taxation treaties with 43 countries, and its legal system is primarily based on English Common Law.
• English is widely spoken and understood in both business and everyday life.
• With over 340 days of sunshine per year, Cyprus offers a warm Mediterranean climate.
• The island boasts an excellent education system with high-standard schools and universities, along with first-rate healthcare.
• Significant contributors to the economy include tourism, financial services, and shipping, with the recent discovery of offshore gas fields.
• Real estate yields and prices are rebounding strongly after reaching historical low points during the global financial crisis.