Why Invest, Live or Work in Cyprus?

Investing in property abroad is a major decision and getting the location right is absolutely paramount to achieving your desires whether it be to retire, relocate, as a holiday home or purely for investment. Travel to destinations near and far has never been easier and people are investing in property in countries they would never have thought about some 10 years ago.  

In a recent survey Cyprus came 7th in the world’s best holiday home hotspots. So why are more and more people choosing Cyprus?

Cyprus offers many taxation benefits and this is one of the main reasons that many British ex-patriots choose it as their retirement destination. The Island has low income taxes and low investment taxes. Combined with a mild all year-round climate, a relatively low cost of living and easy access to both European countries and the Middle East, it has been the choice for over 60,000 British retirees to date.

Cyprus, formally a British colony still exercises and enforces British law and this acts as a great source of comfort for people that are buying property on the Island. The level of crime on the Island is exceptionally low offering a friendly and safe environment to live, work & play in!

Property is much cheaper in Cyprus than in the UK. Generally based on the square metre measurement, you will get much more room for your money and often get the chance to work directly with the developers to design both the exterior and interior of your home.

English is widely spoken with approximately 90% of Cypriots speaking English and driving is on the left hand side of the road. Taxing and insuring your vehicle is also much cheaper as are many other things on the Island. The cost of living is much lower than the UK.

In addition to all the above Cyprus offers sun, sea, sand, history & culture and lots of genuine warm hospitality. Tempted?

Doing Business in Cyprus
Due to the geographical positioning of Cyprus, which offers easy access to both Europe and the Middle East, it has come to be regarded as one of the most important international and financial business centers in the world. Coupled with the low corporate taxes and the wide use of the English language, many businesses, large and small have been attracted to the Island.

Cyprus’ entrance into the European Union in May 2005 brought about many changes to living and working on the Island. Prior to them joining the EU restrictions had been in place in regards to foreigners establishing a business on the Island. With the relaxing of these rules, members of the EU can now own a business outright, making a country that was once attractive mainly to those looking for a retirement home now a place to set up a business and start a new life.

So what are the advantages of running a business in Cyprus?

• Taxation is one of the main reasons why people choose to live and working in Cyprus with no double taxation for any incorporation. 
• Cyprus is located between three continents, Asia, Africa & Europe offering easy access to many countries
• The Island has a flexible & skilled labour force
• Residency and work permits are easily obtained
• Cyprus has a stable business environment and a steady currency
• Cyprus has a well developed infrastructure
• Cyprus complies with the European Union Code of Conduct for Business and OECD (Organisation for Economic Co-operation and Development).

These are just some of the reasons that people choose Cyprus at the destination to begin a new life.  At Investia we have a number of businesses for sale. To find out more about the opportunities we can offer you and to discuss establishing a business in more detail please contact us.