Cyprus has a modern, free – market, service based economy and is a favoured business destination due to its strong set of business and taxation advantages. The island is also well known for its safe and stable environment that makes it an ideal location for families and students. Cyprus is rapidly recovering from recent economic turmoil thanks to significant activities in the shipping, tourism, financial & legal services sectors.
The recent discovery of huge hydrocarbon reserves in its Exclusive Economic zone makes Cyprus an emerging regional energy hub attracting major foreign investments. The immigration programs – residency and naturalization, which the Cyprus Government promotes in the past few years have proved to be extremely popular creating strong demand in the property sector. Cyprus enjoys world – class property rights and solid investment, trade, labor, business and financial freedom.Cyprus is a modern country, member of the European Union since 2004 and the Euro zone since 2008 that enjoys a strategic geographical position. It lies at the crossroads of three continents, Europe, Africa, and Asia, providing unlimited business investment and travel opportunities.
With its excellent flight connections and first class airports , the island is perfectly placed for working and travelling within and beyond the European Union. Cyprus is well known for its rich heritage and diverse culture, beautiful blue flag beaches with the cleanest bathing waters in Europe, a wonderful Mediterranean climate and cosmopolitan cities. The island offers a low cost but high standard of living and is a very popular year –round destination for tourists seeking a coastal summer or mountain winter holidays.
