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Why Cyprus?
A unique combination of business and pleasure.
Quality of Life
- / Top 5 safest countries in the world
—Value Penguin, 2015
- / Safest country for young people
—The Guardian, 2017
- / Best island economy 2017/2018
Lifestyle & Human Capital
—fDi magazine, 2017
- / One of the best climates worldwide
- / Most blue flag beaches per capita in the EU
—Eurostat
- / Bathing water quality ranked excellent
—EEA Report, 2016
- / Rich history and culture
Economic Performance
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Impressive growth of 3.5% in 2017 |
| GDP: 11 Quarters with positive growth recorded |
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Consecutive upgrades by credit rating agencies
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| Sustainable growth of around 3% in the coming years —Moody’s, 2017 |
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International Reach
/ Cyprus ranked 2nd Best Performing National Brand / A robust and modernized business hub with easy
access to a market of 500 million EU citizens
/ A reliable partner within the European Union
that can offer competitive benefits and solid
business solutions
|
Air Connectivity
/ Proximity and easy access to major markets
/ Significant increase of arrivals from 7.0 million in
Q1 2015 to 10.2 million passengers in Q2 2017
/ 32 additional airlines flying to Cyprus
/ Air travel costs have dropped 38.6%
|
Personal Tax Incentives
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Income Tax > €100,000/year
/ Exemption from personal income
tax of 50% for new residents of
Cyprus commencing employment
as from 1 January 2012
/ Applies for the first 10 years of
employment in Cyprus
|
Income Tax < €100,000/year
/ Exemption from personal income
tax of 20% for new residents of
Cyprus commencing employment.
/ Applies for the first 10 years of
employment in Cyprus
|
Exempt passive income for non-domiciled individuals
/ Non-domiciled individuals who
are tax residents of Cyprus are
not subject to defence tax on the
following types of passive income
earned from sources both within
Cyprus or abroad, irrespective of
whether it is remitted to Cyprus
or not:
/ Dividends
/ Interest
/ Rent
|
Start-up Incentives/ Individual and Team Start-up visa scheme
/ Access to national and European grants and funding
/ Investments in innovative small businesses can be
deducted from taxable income, up to an annual limit
of €150,000
/ Technology companies producing IP can apply for an
80% tax exemption
|
Access to Talent/ Local Talent
/ Youngest population and workforce in the EU
/ 55% of the workforce has a tertiary degree
/ Many Cypriots study abroad, mainly in UK, USA &
Europe
/ Booming private education sector
/ 3 public and 5 private universities
/ Visa-free access to European talent
/ 240 million people of workforce in the EU
/ 4.7 million European university graduates per year
/ Easy access to global talent
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