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Business in cyprus

Cyprus is the third largest island in the Mediterranean, with an area of 9,251 km². The strategic location of the island has played a crucial role in establishing Cyprus as a major business hub, since antiquity. Cyprus has been a member state of the EU since 2004 and a member of the Eurozone since 2008. The combination of highly qualified human resource, business infrastructure and availability of investment opportunities continue to make Cyprus an ideal business hub in the region. In Cyprus you can enjoy a high standard of living, thanks to the sunny weather, the beach and mountains, within easy reach and the lowest reported crime rate in the EU. According to the last census some 200,000 foreign nationals live and work in Cyprus, accounting for 22% of the population. Cyprus is therefore a very diverse and cosmopolitan place either to live in or do business.

Cyprus Tourism Sector & Investment Opportunities

January 29, 2017

Tourism has traditionally been a major source of income and a driver of economic growth in Cyprus, with a significant contribution to the country’s GDP. Being one of Cyprus’ most resilient and strong economic sectors, tourism continuously experiences substantial growth, translated into a number of more than 2.5m tourists visiting Cyprus every year. Competitive advantages Cyprus is well known for the hospitality of its people, its delicious gastronomy, its rich culture and extraordinary natural beauty....

Cyprus Citizenship Requirements

January 29, 2017

According to the Cyprus law, the non-Europeans investing 2 million euro in the economy of Cyprus have the opportunity to obtain Cyprus (European) citizenship. Major Benefits: Investor is entitled to sell its investments after 3 years, however he must hold possession of at least 500 000 Euro worth of residential property (+ VAT if applicable) A fast-track procedure takes only 90 days (the fastest in Europe) Dual-citizenship permitted and the acquisition of citizenship in Cyprus is not reported to other countries...