Why Live in Cyprus?
Why Retire in Cyprus?
Why base your business in Cyprus?
Living in Cyprus offers numerous advantages that make it an attractive destination for expatriates, retirees, and families. There are many compelling reasons to consider living in Cyprus and for business, Cyprus offers unparalleled advantages!
Beautiful Climate and Natural Scenery
- Mediterranean Climate: Cyprus enjoys over 300 days of sunshine per year, with mild winters and hot, dry summers. This makes it an ideal location for outdoor activities and a healthy, active lifestyle.
- Stunning Beaches and Landscapes: Cyprus is renowned for its beautiful beaches, clear blue waters, and picturesque mountains. The island offers a diverse range of natural beauty, from coastal regions to inland forests and mountain ranges.
High Quality of Life
- Safe and Friendly Environment: Cyprus is considered one of the safest countries in Europe, with low crime rates and a welcoming, hospitable local population. This contributes to a high quality of life for residents.
- Healthcare System: The healthcare system in Cyprus is of a high standard, with both public and private healthcare options available. The country’s National Health System (GESY) provides comprehensive coverage to residents and expatriates
Favourable Tax Regime
- Attractive Tax Policies: Cyprus offers a favourable tax regime for individuals and businesses. Residents benefit from low-income tax rates, no inheritance tax, and various exemptions on investment income. The non-domicile status for expatriates provides additional tax benefits and tax holidays on foreign income .
- Double Tax Treaties: Cyprus has an extensive network of double tax treaties with many countries, reducing the tax burden for international residents and businesses.
Strategic Location
- Gateway to Europe, Asia, and Africa: Cyprus’s strategic geographical location makes it a convenient base for traveling and conducting business across three continents. The island’s well-connected airports facilitate easy access to major international destinations.
Multicultural Society and Language
- Diverse and Inclusive: Cyprus has a multicultural society with a significant expatriate community. This diversity is reflected in the availability of international schools, cultural events, and various expatriate organizations.
- English Proficiency: English is widely spoken and used in business, education, and daily life, making it easy for expatriates to integrate and communicate. Many official documents and services are available in English .
Education and International Schools
- Quality Education: Cyprus offers a range of quality educational institutions, including international schools that follow the British, American, and other curricula. These schools provide excellent educational opportunities for expatriate children
- Higher Education: There are many colleges and universities with diverse offerings. Medical degrees including post graduate degrees are offered with Cypriot and British accreditation. There are also British universities offering dual accreditation. Studying in Cyprus with its brilliant weather and safety coupled with much lower tuition costs is a desirable and attractive student solution.
Rich Culture and History
- Cultural Heritage: Cyprus boasts a rich cultural heritage with numerous archaeological sites, historic monuments, and museums. The island’s history dates back thousands of years, offering residents the chance to explore and experience its ancient past.
- Vibrant Lifestyle: The local culture emphasizes a relaxed and vibrant lifestyle with a focus on family, food, and social activities. Festivals, markets, and cultural events are regular features of life in Cyprus
Economic Opportunities and Residency Programs
- Thriving Business Environment: Cyprus is an attractive destination for businesses due to its favourable tax regime, strategic location, and developed infrastructure. Key sectors include financial services, shipping, tourism, and real estate. Many businesses make Cyprus their head office at a corporate tax rate of 12,5% and tax-free dividends.
- Investment Opportunities: The Cypriot government offers various incentives for foreign investors, including the Cyprus Investment Programme, which provides residency and citizenship (Golden VISA & enhanced Retirement VISA options).
Simply …
Living in Cyprus offers a blend of natural beauty, a high standard of living, favourable economic conditions, and a rich cultural experience. Whether you are looking for a safe and pleasant environment to retire, a vibrant place to raise a family, or a strategic base for international business, Cyprus provides a compelling option.
References: Cyprus Tourism Organization, Expat Arrivals – Living in Cyprus, World Health Organization – Cyprus Healthcare, PwC Cyprus – Tax Information, Cyprus Department of Registrar of Companies and Official Receiver, Invest Cyprus, Cyprus Profile – Language and Multiculturalism, Cyprus International Schools, Cyprus Department of Antiquities, Cyprus Investment Programme