DOING BUSINESS IN CYPRUS

Cyprus has long established itself as a thriving business hub. A solid business infrastructure, a convenient location and a favourable tax system makes the island an ideal location for doing business.

English is widely spoken and used as a main business language while the legal system is based on English Common Law which is widely recognised as a business-friendly and effective system that ensures transparency and reliability in business practices.
Its modern road network, extensive port facilities and two new international airports make travel and transport in and beyond Cyprus fast, efficient and cost-effective while its strategic positioning as a crossroad between Europe, Asia and Africa, opens doors to new markets.

Moreover, Cyprus offers an attractive and transparent tax regime, fully compliant with EU, OECD and international laws and regulations, benefitting from one of the lowest corporate tax rate in the EU amongst other benefits.

 

Cyprus tax system benefits

CYPRUS PERMANENT RESIDENCE

Investing in real estate allows you to obtain a Permanent Residence Permit in Cyprus.

ADVANTAGES OF PERMANENT RESIDENCE PERMIT:

  • Issued within 2 months
  • Life-long validity without need for renewal
  • Granted to all family members
  • Non-residency requirement other than to visit Cyprus once every two years
  • Makes it possible to have a business in Cyprus and to receive shareholder dividends

ELIGIBILITY CRITERIA

A secured annual income of €30,000, originating from abroad (€5,000 for every additional child, and €8,000 for each dependent parent)
Minimum capital of €30,000 from abroad deposited in an account in a Cyprus Bank.
Residential property of a minimum market value of €300.000 plus VAT
Clean criminal record