Cyprus is the third largest island in the Mediterranean and the third most populous. The high quality of life, the Mediterranean climate, the convenient location of the island and the well-developed infrastructure attract foreigners to move to Cyprus with their families.
There are many reasons for moving to Cyprus. Due to its nice temperature, Cyprus is a tiny paradise and one of the top choices for foreigners looking to buy property in the sun. Since ancient times, its hot summers and mild wet winters have attracted tourists and settlers from all over the world. Due to its integrated EU regulations and a beneficial tax structure, this gorgeous Mediterranean island with limitless blue sky and the most “Blue Flag” beaches per coastline in the world also draws a lot of millionaire business owners. For anyone seeking for a new home or a place to do business, Cyprus’ strategic location in the eastern Mediterranean, at the intersection of Europe, Asia, the Middle East, and Africa, makes an already wonderful area much more suitable.
Cyprus has established a solid reputation as a hub for global commerce. It is the perfect location to base your company because of the integration of cutting-edge technology and telecommunications, a favorable tax structure, and global citizens, as well as the great location and wonderful weather.
✅ Work-Life Balance and High Quality of Life
Cyprus is a wonderful destination to work and live. The island has 300 sunny days a year and Cyprus is one of the safest countries in the world. With a population of up to 1.3 million people, the health care system provides free medical care, a large number of schools teaching in English, sports centers and clubs for the development of your children. Cyprus is a great family vacation destination. Cyprus has a lot to offer to families and kids of all ages, including a number of gorgeous family-friendly destinations like Protaras and Coral Bay and year-round sunlight.
✅ Beyond the Sun and the Sea
It’s vital, but insufficient, to concentrate simply on the island’s stunning beaches and its constant sunshine. The fact that life in Cyprus moves at a glacial speed in comparison to the UK or other developed nations would be both our omission and unfair to Cyprus. If you’re bored of things rushing along at 100 miles per hour back home, be ready to be immersed in a refreshingly quiet Mediterranean lifestyle. You might need some time to get used to this attitude of indulgence, but you’ll quickly notice that you’re becoming more zen. If for any reason you want a fast-paced stressful lifestyle, then you will find it hard in Cyprus!
✅ People in Cyprus
By and large, Cypriots are extremely hospitable and kind to visitors. When visitors or foreign residents come to Cyprus or dwell there, Cypriots make them feel at home. Greek is the native tongue, but English is widely spoken on the island. It is noteworthy that English is spoken fluently by practically all Cypriots, and at a very high level. In restaurants, stores, and hotels, you can always find someone who speaks English. Another interesting fact about Cypriots is that they have recently shown a preference for learning languages other than English. The Cypriots appear to prefer the Russian and Chinese languages the most. This demonstrates the exceptionally high degree of education that Cypriots possess. It also shows the ambition of the island as a whole, but also its inhabitants for the years that come.
✅ One of the Lowest Crime Rates
There is seldom any crime in Cyprus. If you move to reside in Cyprus with children and close family members, safety is crucial. One of the safest places in the world to live or travel is considered to be Cyprus. Even many Cypriots leave their front door unlocked at night! Namely, a rate of 6.44 crimes per 1,000 inhabitants shows a low incidence of crime in Cyprus, which is, as a matter of fact, only one tenth of the average rate of the other European countries. Cyprus is now one of the safest countries in the world. Top 5 Safest Countries in the World is Switzerland, Singapore, Spain, Japan and Cyprus.
✅ Cyprus Legal and Tax System
The legal system based on English law, which is structured and understandable, reliable banking services, low taxes and the ability to legally optimize taxation for both individuals and legal entities are fundamental factors for investing and doing business in Cyprus. Cyprus’ well-known advantageous tax policy is arguably the country’s most alluring characteristic for business owners. It’s difficult to resist the 12.5% basic corporate tax, one of the lowest in Europe, or the capital gains tax and succession tax exemptions when deciding where to open your firm. Additionally, it provides enticing intellectual property tax rates as low as 2.5%.
✅ Investment Opportunities in Cyprus
Cyprus is regarded by real estate professionals as the most lucrative and promising European market. This is brought on by the abundance of new infrastructure projects, price stability and attractiveness. For those who intend to have a “Plan B” in the shape of a second house, purchasing real estate in Cyprus and acquiring a resident permit or even permanent residence is a very excellent bonus, along with a successful investment and the possibility of obtaining citizenship and an EU passport. Also Cyprus has the highest-paying real estate market in the European Union. This is not a loud statement, indeed Cyprus real estate is among the continent’s best investments. In addition, Cyprus also has the advantage of a longer tourist season than most other European countries. Therefore, if you are planning to buy property in Cyprus and earn passive income, then Cyprus is the perfect place!
✅ A Hotspot for Celebrities
Many famous people have chosen to buy extremely opulent properties in Cyprus, frequently along the island’s stunning coastline. The Brazilian Neymar is the fortunate owner of a lavish beachfront condominium in the magnificent Imperio Properties-built high-rise structure The Icon in Germasogeia. In Peyia, a hidden jewel that offers peace and solitude mixed with luxury infrequently encountered elsewhere, Shakira owns a highly luxurious villa. John Terry, a former captain of Chelsea and the England national team, resides in the same location. The most well-known resident of Kiti village is Peter Andre, an English singer and television personality. It matters a lot when well-known and wealthy people invest in real estate in one nation. Actually, it signifies that this location is completely secure and at the same time shows that Cyprus has the prestige these people always looking for.
Our Law Firm handles the entire process until your immigration application is complete, to ensure it is processed smoothly and successfully.
In particular, we provide you with advice and prepare the required documents, fill in the application forms, organize meetings with the immigration departments or regional units, submit the application, arrange a meeting with you (if your presence is necessary), monitor the application process application, we receive your permits or documents.
Our Law Firm is based in Paphos but every day our team of lawyers undertake cases in Limassol, Nicosia, Larnaca and in general across all Cyprus.
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ERAKLEOUS & LEMONARI Team of lawyers have experience and expertise and can help you by providing a full spectrum of Law Services and the necessary legal assistance and guidance. Our Team is ready and able to help you on any case from the entire spectrum of law, such as Immigration Law, Corporate & Commercial Law, Family Law, Property Law, Contract Law, Employment Law, etc.
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