1. Cyprus is still one of the cheapest places to buy property in the Mediterranean, offering plenty of opportunity for capital growth. Demand for property here is increasing, ensuring a vibrant market.



2. Cyprus joined the EU in May 2004 making the island an even more attractive proposition. It is easy to gain residency, employment, or start up a business.

On 1st January 2008, Cyprus adopted the Euro as their official currency, less than four years after accession to the European Union. The Euro, accompanied by the right economic policies, helps create growth and jobs and keep inflation within limits. Cyprus has cemented its place at the heart of the EU, increased its economic potential and influence and made its easier for its business to trade and its people to travel.



3. There are numerous English speaking lawyers in Cyprus, who will explain any differences in the legal process of buying a property between Cyprus and other countries. Reassuringly, the Cyprus legal system is similar to that of the UK. The land registry system is also based on the UK’s



4. Cyprus is very popular for property investment. It has excellent potential, not only in terms of profit from capital growth, but also rental income. An active rental market exists with long-term leasing for residents and short term rentals for holidaymakers.



5. Cyprus has a long history of tourism and most people fall in love with the island and come back again and again. This is due to the vast array of activities and places of interest available. There are numerous sites of historical or natural interest, traditional villages, vineyards, donkey sanctuaries, sports and other activities. Cyprus is also now recognised as an attractive year round golfing destination.



6. There is a constant improvement in infrastructure, including highways, marinas and expansion of the country’s two main airports.



7. Cyprus has fairly stringent building standards, and also strict regulations that ensure that vast areas of land are maintained as natural wildlife habitats, such as the Akamas Nature reserve.



8. Cyprus has an attractive tax system. Corporation tax is just 10% and employees receive the first 17,000 Euros of their wages tax free. Retirees who become residents are taxed on their pensions from abroad at the rate of 5% per annum, with the first 3,400 Euros tax free.
There is no inheritance tax and Cyprus has double taxation agreements with a number of European countries, enabling residents to pay tax in just one country and take advantage of the low tax rates in Cyprus. There is also a favourable direct investment (FDI) regime allowing a company to be wholly owned by a non-Cypriot.



9. Cyprus is a hub for trade and has been since ancient times. Its geographical position makes it a gateway to the Middle East, China and the rest of Europe. It is a renowned international shipping centre, ranked as the 6th maritime nation in the world, and has a large maritime fleet.



10. If you speak English, it’s easy to do business in Cyprus as nearly all Cypriots speak at least Greek and English fluently. Most of the legal processes are in both languages, including property sales agreements.