Why Cyprus?
The Magic Secret
“45 minutes on a plane will get you to a wonderful travel destination, a thriving business centre, and an ideal place to invest in property. You can’t stay indifferent to that!"
Roy, living and investing in real estate in Cyprus since 2017
Cyprus is divided into North Cyprus, the Turkish part of the island (and around 25% of its territory) and the Republic of Cyprus, the Greek part, which is a member of the EU and has approximately 500,000 inhabitants in five major cities:
- Nicosia – The capital city, which includes the government complex and its ministries. It also contains Nicosia University, the only public university on the Island.
- Larnaca – Seaport and airport city.
- Paphos – Tourist destination, popular mostly with families. Home to the island’s smaller airport.
- Ayia Napa – Tourist destination, associated more widely with young, single tourists.
- Limassol – Port city and tourist destination. The city offers a business centre, a variety of investment opportunities, commercial hubs and more attractions and facilities.
After a recession that began in 2013, the island has been recovering in recent years and is experiencing a massive construction boom, with new investors and companies and many projects that are now bearing fruit.
Company owners who transfer their operations to Cyprus benefit from a very low tax rate (the corporate tax rate is 12.5%) and relatively low cost of living, thereby providing employees with excellent conditions and a high quality of life.
The gas drilling at the recently discovered at a third location, Europe’s largest casino in Limassol, and the construction of new and modern hotels, are all creating thousands of new jobs, which in turn require housing.
Now more than ever, an extensive tourism scene for families and individuals is the island’s future.
What about the future?
Cyprus in general and Limassol in particular are securing their status as attractive investment centres.
