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Cyprus offers an enviable lifestyle in a safe, clean and healthy environment with high living standards. Low crime levels, year-round sunshine, centuries of art and culture, and a delicious gastronomy all contribute to a high quality of life. Safety is amongst the biggest advantages of Cyprus, which has been ranked the safest smaller country in ValuePenguin’s Safest Coun...
Doing Business in Cyprus
Cyprus has long established itself as a thriving business hub, with a vast array of investment opportunities in key growth sectors of the economy. The island’s ideal strategic location, advanced infrastructure and high quality of life do not only represent key reasons to relocate and live on the island, but are also at the heart of an investor’s choice to invest...
Cyprus’ strategic location, natural beauty and wealth of resources have rendered the island a jewel for its various conquerors and peoples that resided the Eastern Mediterranean throughout the ages. Cyprus has developed a unique culture, harmoniously blending influences from different civilisations whilst maintaining its Greek character. The rich historical and cultur...
Paphos is a town at the southwestern tip of Cyprus, between the coast and the Troodos Mountains, situated on the south-west coast of Cyprus is capital of the district, and historically one of the most important centers on the island. Paphos is renowned as the birthplace of Greek goddess Aphrodite. Modern-day Paphos is divided in two, with the upper section up the hi...
Banking in Cyprus
Cyprus’ banking system is modelled on the British system, with banking practices, services and methods of management and control closely resembling those in the UK. The Central Bank of Cyprus regulates, supervises and monitors the country’s banking system. There are currently 14 domestic banks operating in Cyprus: 11 of them are commercial banks and three are speci...
Taxation in Cyprus
The rate of Capital Gains Tax (CGT) is 20% on the sale of property located in Cyprus. Profits from the sale of shares owned by a company that owns property in Cyprus are also taxed at 20%. CGT is calculated by deducting the cost of purchasing the property (1st January 1980 is the set date) from the sale price and then adding on the effect of the retail price index to the date ...
Cypriot customs and traditions
Cypriots are known for their generosity, friendliness and hospitality and foreigners will love the warm welcome. You will often hear 'Kalos orisate' (Welcome!) and 'Kopiaste’ (Come join us!). Hospitality If you are invited to someone’s home, you will be surely treated like royalty. There’s loads of food and coffee and besides that you are normally not allowe...
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