Cyprus is considered to be a country that always attracted many foreign investors.

The main reasons that foreigners invest in Cyprus are bellow listed:

The location of Cyprus

One of the most strategic geographical locations worldwide as Cyprus is the crossroad of three continents, Europe, Asia and Africa, giving the chance for companies to expand easily their activities into new markets.

Double taxation treaties

Cyprus has double taxation treaties with more than 45 countries including China

Member of the European Union

Cyprus is European Union member since 1st of May 2004. Being a member of the European Union while located close to Asia and Africa, Cyprus enables companies from Asia and Africa to move goods easily inside and outside Europe.

The lowest corporate tax rate in European Union

With only 10% of corporate taxation Cyprus today has the lowest corporate tax rate in the European Union. Cyprus also has very low personal income tax.

Easy banking and administrative procedures

Cyprus offers very modern banking and accounting facilities enabling foreigners to open accounts both at foreign and local currency easily. The banking system of Cyprus is comprised by local banks, subsidiaries and branches of foreign banks. Cyprus banks are very well equipped with modern technology systems allowing easy transfers from abroad to Cyprus.

Efficient legal system

Cyprus was a British colony until 1960, as a result Cyprus inherited many elements of its legal system from the United Kingdom law. Furthermore since 2004 that Cyprus became a full member of the European Union, the European Law supersedes Cyprus Law in case of any conflict.

High educational level of workforce

The government of Cyprus made huge investment in education over the past years, and today Cyprus boasts one of the best-educated workforces in the European Union offering high standards of productivity, technical expertise and professional excellence at reasonable costs to businesses.

Low establishment and operating costs

With low rental costs, relatively low salaries for high educated workforce and low social insurance contribution, Cyprus attracts a lot of offshore companies wishing to move their headquarters here.

Summering things up Cyprus is a modern Democratic country with a liberal market economy, stable infrastructure, high technology telecommunication network and an excellent economic environment. Investing in Cyprus is an easy, profitable and safe procedure that has been successfully tested by foreign companies and individuals for more than four decades.

The main Cyprus Investing sectors

Shipping

Investing in Cyprus shipping sector is considered to be an excellent investment. Cyprus has the third largest feet in the European Union and the tenth largest fleet in the world. Due to the excellent geographical position, Cyprus has become one of the most important transshipment centers of the world. The government has created a well established maritime centre with excellent infrastructure and services able to successfully meet the growing demands of shipping business.

Financial Services

Banks currently offer a wide range of local and international services, to corporate and individual clients. The Cyprus banking sector is operating with eight local banks and the presence of 33 international banks. With more than 900 branches and the employment of over 12,500 people, the Cyprus banking sector is very well-regulated.

Energy

There are significant and varied opportunities for investing in Cyprus energy sector. Licenses for oil exploration off the coast of Cyprus gave to investors many fields for investments in energy sector. Also many projects regarding Renewable Energy Sources Systems like solar photovoltaic systems and energy production from wind turbines are expected to be materialized in the near future.

Property

Many Investors are showing extreme interest in the Cyprus property sector. Regardless if their intention is to secure a holiday home or invest in major projects, Cyprus properties became one of the attractive properties in the world. The government has initiated a new policy pertaining to the purchase of a property in Cyprus that allows foreigners to apply for a permanent residence permit in Cyprus. This policy has attracted a new type of investors wishing to move a step closer to the European Union. For this reason, the investment climate pertaining to property in Cyprus has also become a hot favorite for Chinese investors. Furthermore Cyprus is a big tourist destination and the tourism industry has also made investor aware of the Cyprus property market that is very rewarding. The property taxes on the Cyprus property is far less than one would pay in other European countries. Investors in Cyprus can buy apartments, villas, commercial property and land. The properties are been developed boast of the finest contraction and amenities used as well as luxury that are comparable to what you would find anywhere else.

Except from the main sectors listed above other Cyprus investing sectors are education with an average annual increase of 10.5% in the total number of tertiary students in the last 5 years and medical-health services focusing mainly on the promotion of tourism health services.

In the new modern economy where companies are pressed to maintain and increase quality while cutting costs Cyprus provides a complete value proposition and that's why Cyprus has become a magnet for foreign companies in the past few years and even in times of economic crisis Cyprus has continued to attract more investment than it did in the past.