CYPRUS - A MEDITERRANEAN OASIS

The Republic of Cyprus is located at the crossroads of Europe, Asia and Africa and is a recognized international financial and business center, a member of the European Union since May 2004. As one of the fastest growing economies in the world, with a favorable tax structure and flexible free trade policy, Cyprus is an ideal place to live with family, relax and a favorable environment for investing and doing business.

Mediterranean island, has a total of 648 km of coastline, a mild, warm Mediterranean climate and more than 300 days of sunshine a year. The island is also famous for its uniquely clean beaches. Cyprus has been named the 5th safest country in the world (Value Penguin Survey) and the safest country for children by the World Health Organization (WHO). The infrastructure on the island has developed successfully over the decades, resulting in a lifestyle that offers all the comforts and possibilities of the modern world.

Hospitality. The island is famous for its hospitality, rich culture and amazing nature.

Security. Cyprus has a low crime rate compared to other European countries. There is an atmosphere of peace and safety.

Education. Primary and secondary education in Cyprus is of a high standard. There are more than 30 private schools in which teaching is conducted in Greek, English, a large selection of universities.

Healthcare. State hospitals and private clinics / hospitals are located mainly in cities, there are many private offices and as long as the Russian-speaking community is large, almost any Russian-speaking specialist can be found.

LOCATION

Southeast Europe Mediterranean

CAPITAL

Nicosia

POPULATION

1,207,359 (2020)

LANGUAGE

Greek, English, Russian

AIR TEMPERATURE

20 ° c Medium

EDUCATION SYSTEM

British Program

SECTORS OF ECONOMY

Tourism, Real Estate, Financial Services

Cyprus

GOVERNMENT

Presidential Republic

LIFE LENGTH

80.5

WHY CYPRUS

STRATEGIC LOCATION

The strategic location of Cyprus has a key role to play as an ideal investment gateway to the European Union in the neighboring regions of the Middle East and China

HIGH LEVEL OF QUALITY OF LIFE

  1. The lowest crime rate in the EU
  2. The safest country (as given by the Value Penguin Survey)
  3. 5th best destination to live (according to Knight Frank Report)

CLIMATE

The Mediterranean island enjoys over 300 days of sunshine a year and has 648 km of coastline. A 40-minute drive from sunny beaches are mountain resorts in the Troodos region and Mount Olympus, the highest point of the island is 1.952 m.

EDUCATION

The country has both British and American international schools, and the adult literacy rate is 97.8%.

SAVING

  1. One of the fastest growing economies in the world
  2. Increase in GDP growth rate year on year
  3. Investment interest is recovering
  4. Stable banking sector

THE ADVANTAGE OF DOING BUSINESS

  1. Fast company formation procedure
  2. Signed Agreement for the avoidance of double taxation with more than 47 countries
  3. Low corporate taxes
  4. No tax on dividends, interest and royalties
  5. Free movement of capital, goods and services
  6. Foreign direct investment (FOi) with government incentives

CYPRUS ECONOMY

Cyprus is a rapidly developing country actively attracting foreign investors from Europe, Russia and China. Limassol is emerging as a fast development hub with promising projects on the horizon. The launch of the largest casino in the EU in 2022, as well as the opportunity to become a key energy player, open up new employment and business opportunities.

AREAS OF ECONOMY

HOTELS AND RESTAURANTS

Professional Services

Trade

Production

Construction

Shipping

FUTURE PERSPECTIVES

Casino

The largest integrated casino in the EU

Discovery of oil and gas fields

Changing the face of the city with modern towers

REAL ESTATE INVESTMENT

Limassol, the heart of the Mediterranean island. Limassol is a year-round maritime destination and the cosmopolitan center of the country. The city's waterfront, with modern buildings, business centers, skyscrapers and a palm tree lane, offers panoramic views of all that the Mediterranean has to offer, including first-class resorts and a luxurious marina. Thus, creating an ideal place for real estate investment, both for personal recreation and for obtaining a stable income.

RENTAL PROFITABILITY

3 - 4 %

Average rental yield

6.6 %

The cost of renting an apartment has increased (2018)

8.7 %

Home rental prices increased (2018)

Gross rental yields in Cyprus are stable and relatively high at an average of 5.29% compared to falling rates globally, which is a result of the inflationary impact of low interest rates on assets. Cyprus is comparatively attractive given its low property prices and an insufficient supply of rental properties, resulting in high rental yields.

ADVANTAGES

0 %

Property tax

5 %

VAT, first property tax

50 %

Reduced Rate for Title Deed Transfer

100 %

Capital gains tax exemption

BUSINESS PROSPECTS

Cyprus is considered one of the most attractive places for doing business, foreign investment with high efficiency and prospects (according to the Central Bank of Cyprus), Cyprus is a magnet for foreign business due to its harmonized EU legislation, favorable tax regime and outstanding business facilities and services.

The consistent growth in economic performance has placed Cyprus in an advantageous position in the EU for university graduates, attracting highly qualified professionals across a wide range of disciplines such as legal, financial and investment services, banking and accounting, and business consulting.

BENEFITS OF DOING BUSINESS

EASE OF DOING BUSINESS

  1. Fast company formation procedure
  2. High rates of foreign direct investment (FDI)

QUICK ISSUANCE OF LICENSE

  1. 1 month small business
  2. 3 months for large business projects

TAXATION

  1. Double Tax Treaties with over 47 countries
  2. One of the lowest corporate tax rates in the EU
  3. The only EU approved tonnage tax

INCENTIVES FOR FOREIGN INVESTMENT

  1. RESIDENCE PROGRAM
  2. START-UP PROGRAM

LEGAL SYSTEM

  1. Common law system of Great Britain
  2. Legislation in favor of business

EFFICIENT BANKING SERVICES

Evermark Property Property leverages its expertise and well-established business community to maximize your bottom line by identifying, supporting and expanding the best investment opportunities for you in Cyprus. Our team of professionals is always at your disposal if you prefer a personalized consultation.

Your personal portfolio manager will help you maximize the return on your investment by:

  1. Real estate rentals, including furnishings, renovations, marketing and maintenance of land
  2. Resale of real estate, including marketing, transfer of ownership, as well as legal and tax support
  3. Investment portfolio consulting

We protect your interests and provide non-discretionary investment advice on real estate, business ventures and indirect ownership so you can make informed decisions and ensure that your investment portfolio gives you optimal returns.

We provide comprehensive services, accompanying you throughout your investment journey from entry to exit, working closely with our in-house legal and technical experts.