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Cyprus -
Your new horizons
KEY FACTS AND FIGURES
Modern Cyprus
300 +
Sunny days a year
Square
9,251 km
2
Population
0.91 million
(68% urban)
50+
Airlines
Flights around the world
Political system
Democratic Republic
Lowest
crime rate in the EU
In the top five countries
by the number of blue flag beaches
№20 from EU countries
GDP per capita
Languages
Greek
English
Russian
Leading industries
Tourism
Real estate
Professional services
indices
16
Henley&Partners
In the ranking of passports
#30
IMD World
Competitiveness in the world
#54
World Bank
Ease of Doing Business in 2020
#28
Forbes
Best countries for business
2004
EU Member State
2008
Eurozone Member
ENERGY
SHIPPING
INNOVATION AND STARTUPS
EDUCATION
REAL ESTATE
INVESTMENT FUNDS
FILMING
TOURISM AND HOSPITALITY
Emerging destinations in Cyprus
ENERGY
Cyprus rising fuel hub with natural gas discoveries attract worldwide interest. The discovery of hydrocarbons in Cyprus' EEZ has created new exciting prospects for the island to become an energy hub in the Eastern Mediterranean. Cyprus is also fast developing into a regional fuel hub, operating a sophisticated oil storage terminal in Vasilikos, the first terminal of its kind in the Eastern Mediterranean, connecting Europe and the Black Sea with markets in the Middle East and Asia
Discoveries of natural gas sources
Regional cooperation and synergies for gas exploitation and export
Multi-billion infrastructure projects
The Ideal regional base for serving the Eastern Mediterranean region rising fuel hub
New opportunities in the renewable energy
SHIPPING
Cyprus is a prosperous world-class international maritime cluster that offers efficient and high-quality services in a wide spectrum of activities.The strategic location of the island offers attractive legislative and operational shipping infrastructure, spectacular yacht marinas, solid and efficient tax framework, and excellent communications network. Cyprus has successfully built a diversified and strong maritime industry, which offers a unique set of competitive advantages. Cyprus is one of the most reliable and competitive shipping centers in the world in terms of services, registration fees, and taxes.
One of the largest maritime clusters worldwide
EU-approved Tonnage Tax Scheme
EU "Open Registry" regime
3rd largest merchant fleet in the EU and among the largest merchant fleets worldwide
Advanced maritime infrastructure
INNOVATION AND STARTUPS
One of the top priorities for Cyprus is creating value through ideas and encourage the growth of entrepreneurial spirit. Cyprus is a perfect choice to start and scale companies. Island infrastructure provides innovative research, a rapidly growing startup ecosystem, a highly educated and experienced human talent, and a range of incentives. Many successful tech companies have already either relocated or expanded in Cyprus, using the country as a base and gateway to and from the EU.
Strong ICT and innovation ecosystem
Wide pool of quality intellectual capital
Tax incentives for investment into innovative companies and start-ups
Low costs of launching and running a business
Start-up Visa for third country nationals
EDUCATION
Cyprus is a world-class educational and research center of excellence with high-quality academic institutions that offer a large variety of advanced and fully accredited undergraduate and postgraduate programs at affordable costs. The island attracts thousands of international students every year. Research is widely promoted within academic institutions, with Cyprus holding the highest absorption rate of EU research grants.
High quality institutions and distinguished academics
Multidisciplinary offering programmes in English and other languages
Close cooperation with universities from the UK/Germany and the US
State support and EU funding opportunities
Advanced research and state-of-the-art infrastructure
REAL ESTATE
Combination of high quality life, great climate and natural beauty, ease of doing business and investment incentives offer investors an attractive experience in terms of both living and doing business. The real estate and construction sector have experienced remarkable growth in the past years, demonstrate increased demand and activity levels, the launch of prestigious large-scale projects, investment incentives, and an inflow of foreign investment.
Increase in sale contracts and building permits
Increase in properties sold to international investors
Attractive Incentives
Hotels' renovations/acquisitions
Landmark residential and commercial projects
INVESTMENT FUNDS
Consolidated, recapitalized and modernized banking sector ensuring efficiency, security and transparency has attracted significant amounts of FDI in the past years. Cyprus is also fast becoming one of the top emerging investment fund centers in Europe, offering unique access to high-growth markets. Determined to stay at the forefront of industry developments and continuously upgrading its legislative and regulatory regime, Cyprus has developed into a key regional domicile for setting up investment funds and establishing asset management companies for pan-European reach.
Flexible structures UCITS and AIFs
Low set-up and operation costs
High quality business support services
Tax benefits for investors and fund managers
Transparency and investor protection
FILMING
Cyprus' natural beauty is an ideal filming location that combines with investment incentives. The Mediterranean Sea and sandy beaches, charming forests and breathtaking mountains, cultural sites, and enchanting locations – all those forms Cyprus as a unique filming location. Cyprus also offers important incentives encouraging film production. In specific, production companies that opt to film in Cyprus will be able to choose between cash rebate or tax credit and can also benefit from tax discounts on investments made on equipment and infrastructure, and VAT returns on expenditure in scope.
Tax incentives
Large variety of charming sceneries
300+ days of sun weather
Short internal distances
Short distances from major neighboring countries
TOURISM AND HOSPITALITY
Tourism is one of Cyprus' most efficient and strong economic sectors with a significant contribution to the country's GDP. Cyprus benefits from its natural beauty, excellent weather and breath-taking sceneries and strives to enhance its competitiveness as a premium touristic destination, diving into niche areas, upgrading and developing new experiences. Strategic large-scale projects, such as luxury resorts, marinas in all major seafront cities and the new integrated casino resort, are expected to further stimulate this booming industry.
Attractive and vary tourist Infrastructure
Numerous prestigious hotels and resorts
One of the best climates worldwide
Most Blue Flags per capita in the EU
Two international airports with more than 50 airlines arriving
Meridien Plaza
Casa Futura
Lagoon
2022
Meridien Plaza
Residences
Delivery date
Area
500 meters from the sea
MORE DETAILS
Golden Mile
Casa Futura
Villa
Completed
Area
594.2 м2
200 meters from the sea
A Magnificent conceptual 5-bedroom villa with an underground parking for 3 cars and unusual living room design.
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Apartments
Lagoon
500 meters from the sea
Delivery date
11/2021
Area
112.4 – 158.3 м2
The building consists of only nine apartments, acquiring the status of a club and intended for a narrow circle of residents with a similar life philosophy.
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Hacienda
Townhouses
Hacienda
700 meters from the sea
Delivery date
2020
Area
153,8 – 158,7 м2
The elegant design of townhouses includes a three-store layout of living space, premium finishing materials, verandas with greenery, as well as its own private plot of land with a garden.
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Jamaica
Apartments
Jamaica
750 meters from the sea
Delivery date
02/2021
Area
64.3 – 135 м2
The atmosphere of a clubhouse. A private complex with a swimming pool, storage rooms and covered parking.
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Elysium
Apartments
Elysium
600 meters from the sea
Delivery date
12/2020
Area
74.7 – 186.8 м2
The Exclusive penthouses with private pools offer a special lifestyle to their owners, taking it to a new level.
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