Cyprus has seen considerable GDP growth for eight consecutive quarters, a result of the new incentives as well as increased activity in tourism, trade, manufacturing and real estate.
Attracting foreign direct investment is at the heart of the Government’s policy that constantly works on simplifying administrative procedures, improving the tax framework, guaranteeing an open and transparent legal system and eliminating internal barriers.
Cyprus offers a tax efficient company domicile within the EU and is also emerging as an attractive location for fund managers and promoters. The number of applications filed for registrations of new companies has seen a solid increase since 2016.
The full EU-member of Cyprus is poised on the cusp of three continents – namely, Europe, Africa, and Asia – and enjoys the bounty of this exclusive position that no other country can boast.
Large-scale projects, privatisations and a burgeoning oil and gas sector are firmly placing Cyprus on the map as a hotspot for investment.
Attracting foreign direct investment is at the heart of the Government’s policy. It is committed to creating optimal conditions for businesses to flourish by simplifying administrative procedures, improving the tax framework, guaranteeing an open and transparent legal system and eliminating internal barriers.
Cyprus has seen considerable GDP growth for eight consecutive quarters, a result of the new incentives as well as increased activity in tourism, trade, manufacturing and real estate.
Cyprus has always been a magnet to foreign home-buyers due to its plethora of business and lifestyle advantages. Over the past few years the real estate market has seen significant growth.
This has been fueled by a number of factors including the introduction of non-domicile status, additional tax incentives, the relocation of high-level staff to ensure substance, the highly attractive immigration programs and of course early investors that recognise the islands significant growth potential. Real estate transactions have been consistently and considerably rising for the past four years, as reflected in the figures below.
