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Why Cyprus?


Since the late 1970s Cyprus has enjoyed constant growth and international reputation as a major business centre and a favoured holiday destination. The highly respectable and enterpreneurial business environment of Cyprus has constituted the country as a top European destination for offshore companies and investors who benefit from the lowest permissible corporate tax rate (12.5%) and V.A.T. (19%), the high-standard welfare system, the well developed telecom and infrastructure, its growing geopolitical significance in the Mediterranean region, and no less, by the country's unrivalled living conditions: year-round sunshine, blue flag beaches, infused local cuisine and its warm and welcoming people. As a part of its policies aiming to attract foreign investors in Cyprus, the Council of Ministers revised previous schemes for the purposes of housing and  naturalisation and, thus, established the new financial criteria based on which non–Cypriot entrepreneurs/investors and their families may acquire the Cypriot residence permit and EU citizenship. 

The country's stable political and economic environment was only partially shocked during the post-2008 financial crisis and peaked in 2013-2014, nevertheless, with obvious signs of recovery in the last semester of 2014 with an increase of 24%, compared to the previous year. Due to the country's small scale and strategic significance, it maintains its leading position as the gateway to Europe as a full member of the European Union since 2004 and the Eurozone since 2008. A multi-cultural and multi-ethnic background, with Greek, Turkish and English as its main languages, Cyprus has become the permanent home to Christian and Muslim communities alike, particularly Russians, Arabs, and more recently, Chinese. According to statistics released by the Cyprus Government, during 2013 over 700 million euro in acquired properties were received, mainly from foreign non-EU investors, and tripled the number of approved residence permits and passports in comparison to previous years. 

Flightime from Cyprus to countries in the Middle East ranges from 45 minutes to 2.5 hours, and to European destinations from 1 hour to 4.5 hours. It requires up to 4 hours to reach Moscow and about 11+ hours to reach Beijing, New York, Brazil and Scandinavian countries based on stopover destinations and waiting duration.