Cyprus offers the right Business Environment
Cyprus, has appropriate substances to manage a strong and resilient economy, due to its size, productive labour force, business friendly and flexible government.Our country’s privileges are enriched by a strong and transparent legal and regulatory framework adding an attractive tax regime, which offers a wide range of incentives and benefits for legal and natural persons.
Cyprus’ legal system is founded-based on English Common Law principles and is
- A business centre with direct access to a market of 500 million EU citizens
- A reliable partner within the European Union that can offer competitive benefits and solid business solutions
- Companies in Cyprus have full access to European markets and EU trade agreements
- Part of the European Single Market; enjoying free movement of goods, services and capital
- More than 40 European Union trade agreements
- More than 60 double tax treaties
- Proximity & easy access to major markets
- 2nd fastest growing country brand worldwide
Competitive tax system
- 12,5% corporate tax rate
- EU & OECD Compliant / Access to EU directives
- Dividend participation exemption
- No tax on profits from disposal of securities
- No withholding taxes
- No tax on capital gains under conditions
- Notional Interest Deduction (NID) on investment in Cypriot companies
- Attractive IP Regime
Admirable regulatory form
- The legal system is intimately aligned to the English legal system
- Frequently updated to meet investors’ changing needs
- Strong protection for investment & intellectual property (IP)
- Setup and filing:
- Establishing a business is simple and fast
- Simplest filing requirements for companies in the EU
Quality of Life
- One of the best climates worldwide
- Top 5 safest country in the world (Value Penguin 2015)
- Top 4 best retirement destination globally (Knight Frank 2016)
- Most blue flag beaches per capita in the EU (Eurostat)
- Bathing water quality ranked “excellent” (EEA Report 2016)
- Cypriot citizens enjoy visa-free/visa-on-arrival access to 158 countries
- Freedom to move reside and work freely within the EU
- Best island economy 2017/2018 lifestyle & human capital (fDi magazine)
Cyprus offers a highly valued safe environment, with low stress levels and crime rates, ideal for a peaceful family life. Acknowledging the island’s safety and security standards, Value Penguin has ranked Cyprus 5th worldwide and 1st among smaller Countries in its Safest Countries in the World study for 2015.
AYIA NAPA AND PROTARAS - Famagusta District
Sparkling, crystal waters and powdery, golden sands are one of the defining features of the region of Ammochostos (Famagusta), with its scenic landscape further dotted by quaint windmills, and its mineral-rich earth growing some of the island’s tastiest, fresh produce.
The stunning coasts of the region are further enhanced by its famous, vibrant nightlife, large variety of tourist accommodation, idyllic fishing harbours, Medieval churches, and picturesque, traditional villages. Together, they offer the perfect recipe for a fantastic holiday.
One of the main attractions of the area is the Natural Forest Park of Cape Gkreko with its cliffs, caves and coves. Aside from its breath-taking views, the park is ideal for swimming, diving, boat trips, walking and cycling, all in beautiful natural surroundings.
From sun-seeker to party-seeker, foodie to explorer, everyone will fall in love with Ammochostos and its charm.
WHY PROTARAS AND AYIA NAPA?
Protaras and Ayia Napa (South East Cyprus) Beyond the unique clear sky, turquoise clean blue waters and sandy beaches, Ayia Napa - Protaras area is a fast-expanding region, with new projects already in the pipeline; Two new Marinas Ayia Napa - Protaras which are under construction and accumulates to a total of € 1 BILLION investment.
The two marinas (Ayia Napa and Protaras) will be the official ports of entry into the Cyprus Republic. Furthermore, the marinas will offer Yacht Club & Beach clubs, 1000 Berth Marinas, Towers and is the biggest seafront developments in Cyprus.
Moreover, an American University is to be built in the Area by the end of 2021.
A private English – Russian - Chinese school with a total number of 120 personnel exists in the area offering the latest technological methods of teaching winning multiple awards and working closely with the best universities in the world.
Furthermore, A Resort Golf course (PGA International standards) including an Intercontinental hotel will be erected on the area, including villas apartments , shops, restaurants. The Golf Course is only 600meters from our companies Resort (Periyiali Residence).
Moving on the biggest Conference Centre in Cyprus will be erected in the Cape Greco Area (announced last week).
Ayia Napa is to build a 2500 seat Amphitheatre at a cost of €3m as it prepares to contest the title of Capital Culture of Europe for 2030. The Amphitheatre and the cultural events it will host is expected to attract an additional 30,000 tourists a year, generating €20m for the economy.
It will host all types of events, from operas, international concerts and plays.
The Famagusta Region also hosts a Waterpark with 22 years of experience. Water world Greek themed waterpark in Ayia Napa Cyprus is no newcomer to the international stage, having received 29 International awards among Europe and U.S. The Greek mythological setting has been carefully planned over the years and the whole park is resplendent with Greek columns, fountains, plazas and statues of all the Greek Gods.
Protaras- Ayia Napa is the fastest growing area in Cyprus. The area holds a 22 blue flag beaches with the highest density of Blue Flag beaches on the island. Famagusta Region is set to be the place with the sandiest beaches in Cyprus.
Protaras and Ayia Napa offer health care facilities with a wide range of medical services among the private sector with a number of 7 private hospitals- centers and a state funded General Hospital offering high standards of medical services.
Nicosia is the capital and seat of government of Cyprus.
Nicosia lies roughly at the centre of the island, with a rich history that can be traced back to the Bronze Age. Nicosia blends its historic past brilliantly with the bustle of a modern city. The heart of the city, enclosed by 16th century Venetian walls, is dotted with museums, ancient churches and medieval buildings preserving the nostalgic atmosphere of years past.
Nicosia has developed as a contemporary, business and cultural centre.
Distance from Ayia Napa and Protaras to Nicosia : 1 hour and 5 minutes drive
Limassol is the second largest city of Cyprus and has a sea port . Limassol is a hub for business in Cyprus. Recent renovation projects in the old town and old port area are seeking sightseeing.
Limassol deals with the shipping and business of Cyprus. Limassol offers a plethora of diverse facilities ranging from the newly-completed university, marina, theme and water parks, museums, theatres, international private schools, bowling centres and movie complexes, to the recently renovated historical town centre with its picturesque castle and quaint sidewalk cafes.
Distance from Limassol to Ayia Napa and Protaras: 1 hour and 10 minutes’ drive.
Larnaca is a city on the southern coast of Cyprus . Larnaca is known for its palm-tree seafront, the Church of Saint Lazarus, Hala Sultan tekke m Kamares Aqueduct and Castle. Larnaca is home to the country's international airport, Larnaca International Airport.
Larnaca is rich in ancient culture, Larnaka is also a thriving and modern European city that offers the best of all worlds.
Distance from Larnaca and the Airport : 35 minutes drive
Paphos is a coastal city in the southwest of Cyprus and the capital of Paphos District.
New Paphos is the modern city that incorporates the harbour, and the ancient ruins of tombs, fortresses, theatres and villas at Paphos Archaeological Park.
The current city of Paphos lies on the Mediterranean coast. Paphos airport is the second airport in Cyprus.
Distance from Paphos: 1 hour and 50 minutes drive.