Conveniently located at the crossroads of three continents, Cyprus is a contemporary business jurisdiction and the home destination of choice for international investors and high-net worth individuals with their families. Living in Cyprus is characterised by a high quality of life with a year-round sunny Mediterranean climate, a robust economy, an outstanding education system, a top tier healthcare system, delicious gastronomy and a rich cultural history that spans aeons.
The island was ranked the 5th best relocation destination worldwide by the 2013 Knight Frank Global Lifestyle Review and ranked 1st among smaller countries (and 5th worldwide) by ValuePenguin in its 2015 Safest Countries in the World study. The city of Limassol, one of Cyprus’ most contemporary cities, was also voted the 4th best retirement destination across the globe by the 2016 Knight Frank Global Lifestyle Review.
Ranked 37th in the Forbes’ ‘Best Countries for Business’ list for 2019, Cyprus is a thriving business centre with an advanced infrastructure, a modern legal and regulatory framework, an attractive tax system (one of the lowest corporate tax rates in the EU at just 12.5%), outstanding human talent, strategic market access to the EU and the Eurozone community, and a wide range of investment opportunities across an array of growth sectors.
A number of investment opportunities across key growth sectors in Cyprus have made the island a sought-after jurisdiction for investors worldwide. Cyprus’ real estate sector in particular has undergone notable growth in the last several years. A significant number of large-scale projects combined with the island’s exceptional quality of life, ease of doing business and investment opportunities has attracted many high-net worth individuals to Cyprus, be it to reside or to do business here.
The island’s tourism sector also continues to be one of Cyprus’ most robust growth sectors, stimulated by prominent projects such as the marina developments in Limassol, Agia Napa and Larnaka, the new City of Dreams Mediterranean Resort in Western Limassol which is set to be the biggest integrated resort in Europe and other high-end resorts across the island.