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CORPORATE SERVICES . IMMIGRATION SERVICES
CONSULTING . ONLINE MARKETING
Island of Cyprus
Location & Geopolitical Profile
✔Cyprus is a former UK colony, gaining independence in 1960 and is currently a member of the Commonwealth.
✔ The official languages are Greek and Turkish, but English is widely spoken by professionals and people in the street and shops.
✔ It is located in the eastern Mediterranean Sea, 113 km south of Turkey, 120 km west of Lebanon, and 150 km east of the Greek island of Kastellorizo.
✔ Cyprus has been full member of the EU since 2004 and adopted the Euro and became part of the Eurozone in 2008.
✔ With good weather, sandy beaches, and touristic facilities, Cyprus welcomes over 4 million visitors every year and is well known for its hospitable and welcoming people.
✔ Discoveries of natural gas in the Exclusive Economic Zone (EEZ) and multi-million investments by ExxonMobil, Eni, Total, Kogas and Qatar Petroleum has upgraded the country's strategic importance and long-term economic prospects.
✔ The country has a good telecommunications including national Wifi networks, 100% mobile coverage.
✔ There are two international airports (Larnaca and Pafos) with good connections and two multipurpose deep sea ports (Limassol and Larnaca).
Cyprus Business Environment
✔ For many years, Cyprus has been an attractive base for international companies and HNW families due to the availability of qualified labour force, attractive tax regime, reliable transport connections and telecommunications.
✔ The country has a free-market, service-based economy, with effective and transparent regulatory and legal framework which offers investors confidence to invest and prosper.
✔ Strategically located at the crossroads of Europe, Asia and Africa, Cyprus has been an important centre of trade for thousands of years.
✔ Since joining the EU in 2004, and the Eurozone in 2008, Cyprus has transformed itself into an attractive business and logistics centre in the region, with easy market access to the EU and other markets.
✔ The 2013 banking crisis severely affected the economy and the financial sector, however with new stricter banking regulations and financial aid from the EU and IMF, the economy recovered quickly and there has been steady growth since then.
✔ Cyprus has a legal framework based on English Common Law which is business-friendly and reliable. As an EU member, it is also fully aligned with EU laws and regulations.
✔ The tax system is favourable with a corporate tax of 12.5% and an extensive network of Double Taxation Treaties (DTTs), which underpin the calibration of the overall tax system.
Living & Working In Cyprus
✔ Cyprus has been designated the 5th best relocation destination in the world by Knight Frank, an independent, global real estate consultancy firm.
✔ With warm and stable climate and at least 320 days of sunshine a year, it has one of the best climates in the world.
✔ Since joining the EU in 2004, Cyprus has transformed itself into an attractive business and logistics centre in the region, with easy market access to the EU.
✔ With good weather, sandy beaches, and touristic facilities, Cyprus welcomes over 4 million visitors every year and is well known for its hospitable and welcoming people.
✔ Cyprus has a legal framework based on English Common Law which is business-friendly and reliable. As an EU member, it is also fully aligned with EU laws and regulations.
✔ The country has a good telecommunications including national Wifi networks, 100% mobile coverage.
✔ There are two international airports (Larnaca and Pafos) with good connections and two multipurpose deep sea ports (Limassol and Larnaca).
Here some reasons why a UK Serbia Serbian Ukraine Ukrainian Russia Russian Kazakhstan Kazakh France French Israel Israeli Sweden Swedish Norway Norwegian Finland Finnish Denmark Danish registered based ltd limited SPA SA LLC PLC private public listed company trust legal entity partnership IP owners trademark software rights royalties dividends interest earnings pensions funds AIF investment funds investors should relocate move redomicile to Cyprus jurisdiction Cyprus has a beneficial tax regime with low corporation tax rates of 12.5% Cyprus offers a wide range of tax incentives Cyprus has a wide network of double tax treaties Cyprus registered company can benefit from the EU Parent-Subsidiary Directives Cyprus has an attractive holding company regime Cyprus offers an attractive Intellectual Property Tax regime Cyprus offers a highly respected reputation as an international financial centre Cyprus has a well-developed infrastructure and financial services sector Cyprus is a member of the EU and Eurozone Cyprus has an excellent and highly experienced legal and accounting services industry Cyprus has a very favorable favourable corporate tax regime one of the lowest corporate tax rates in the European Union Cyprus is an EU member state companies benefit from the free movement of goods, services and capital within the European Union The country has a robust infrastructure and services that make doing business easy Cyprus has a double tax taxation treaty treaties extensive network with more than 50 countries including east European former CIS countries There is a tax-efficient jurisdiction for holding companies, with no withholding taxes on dividends, interest and royalties Cyprus has a modern and efficient legal system there are no currency exchange restrictions in Cyprus The country offers various incentives for foreign investors, such as attractive tax benefits Cyprus has a very skilled and cost-effective labor labour force Strategically located in the Eastern Mediterranean, close to Middle Eastern Middle East Africa African South East Europe Turkey Turkish GCC Gulf Persian markets
How We Can Help You Relocate To Cyprus?
Our team of experienced and qualified professionals can assist with personal and family relocation services. We help clients fill in applications and then submit the required documents to various Cyprus authorities such as the Migration Department, Labour Department, Ministry of Interior etc.
We know that when employing high-caliber employees from foreign jurisdictions, the issues with residency permits and work permits can become an important part of the corporate relocation process, and can delay the entire set-up if done wrong.
Some of the services that we can offer are the following:
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Applications for visitor visas and temporary residency permits for overseas nationals working for the newly set up Cyprus company or Investment Fund;
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Applications for visitor visas and temporary residency permits for family members of overseas nationals working for the newly set up Cyprus company or Investment Fund;
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Applications for work permits for overseas nationals working for the newly set up Cyprus company or Investment Fund;
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Applications for registration of EU nationals taking up permanent residence in Cyprus (MEU1 Registration);
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Application for non-EU investors who have made required investments in Cyprus and qualify to apply for the fast-track Cyprus Permanent Residency Permit - otherwise known as the 'Cyprus Golden Visa';
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Guidance on the application for naturalization of permanent residents in order to obtain the Cyprus passport.
Disclaimer: The above mentioned regulations and requirements are subject to change at any time by the Cyprus Council of Ministers, Cyprus House of Parliament or the Cyprus Ministry of Interior. We advise readers to contact us or legal advisors to confirm the latest regulations.
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