Why 2022 is the right time to invest in Cyprus
Cyprus is a country that has a lot to offer. It’s the perfect place to live. Whether you’re looking for new adventures or you just want a quiet and peaceful place. Cyprus can offer you everything!
The island might be the right place for you to settle down and start your home? In addition to history, culture and beauty in this small country you will find a great climate. The weather here is very appealing to most people because it is sunny all year and temperatures rarely drop below 20 degrees Celsius. That doesn’t sound so bad, does it? In this article you will find other positive arguments that might definitely convince you.
Cyprus is a country where you can find something that suits your needs and interests. It doesn’t matter whether you’re an adventurer or the quieter type. This small island not only has a rich history, but also a beautiful, warm-hearted culture. The colorful landscape is spread over the entire landmass and thus forms a large fairytale backdrop.
British-style laws
The Cypriot legal system has always been based on British rules. Not much has changed on the island since independence from Britain in 1960. For visiting Brits, local laws are very familiar. Because Cyprus is part of the European Union, the laws and directives of the EU are adopted and implemented.
An efficient tax system
Cyprus has a modern and efficient tax system, which is also aligned with the standards of the European Union. This makes Cyprus an attractive location for companies. The country benefits from its extensive network of double taxation treaties, as well as access to all EU directives, including those on transparency. Corporate tax in Cyprus is only 12.5%. This is one of the lowest interest rates in all of Europe and there are a number of ways to take advantage of it, including dividends from shares!
English speaking staff
Cyprus is a fantastic country to hire English speaking employees. The high level of education of Cypriots not only makes it easy to find qualified applicants, but also to communicate with them, because almost everyone speaks English!
Unique residency programs
The island has one of the shortest migration programs in Europe. The process of obtaining a residence permit is quick and easy. There is no legal obligation for people living abroad to be present in Cyprus! Non-Cypriot investors can apply for a permanent residence permit. However, the condition for this is that you have acquired real estate worth at least 300,000 euros within 3 months and have a secure annual income. This approval also includes spouses and children under the age of 25.
Start a business quickly
Cyprus is every entrepreneur’s dream come true. The country has a registration process that makes getting started in Cyprus as easy and quick as possible. This is thanks to simplified documentation set up by government officials to attract more foreign investors. You can complete all the formalities for registering your company in 2 to 3 days without the need for legal assistance.
Fast growing economy
The country ended its EU-IMF bailout program in 2016 and made significant progress in restoring the competitiveness of the Cypriot economy. This means that the GDP is growing twice as fast as that of the EU! In addition, foreign direct investment has increased significantly in recent years. This will fuel economic growth even more over the next decade, with many new sectors like education or funds emerging. These sectors will play an important role in future growth.
Affordable real estate prices
Property prices in Cyprus are fantastic at the moment. Houses in Cyprus are among the most affordable in the world. The excellent schools and good health care are just a few reasons why one should not hesitate to move to the island. Because the crime rate is very low, you can feel safe at all times. In addition to the good weather, you can enjoy the incomparable culture! It’s easy to see why an investment in Cyprus can bring lasting benefits not only to you but to your family as well!
Conclusion: the time has come to invest in a great place.
Cyprus is an attractive destination for wealthy individuals, executives and families. The combination of a business-friendly environment and good living conditions is very compelling. Beautiful landscapes perfect for a beach or mountain holiday. The Cypriot economy is very stable and offers great potential as the free market economy encourages competition between companies at all levels. This leads to successful economic development! Real estate prices are also great and offer another reason to invest on this island.