Invest in Cyprus

Cyprus has established a strong reputation as an attractive destination for corporate relocation and headquartering. It provides fast & efficient services to foreign businesses wishing to set up a presence or expand their business in Cyprus.

Towards this end, the Government of Cyprus has introduced a new strategy for attracting foreign companies and skilled talent to Cyprus. The strategy mainly focuses on –

  • High Technology companies
  • Shipping companies
  • Pharmaceutical and biotechnology companies
  • Innovation
  • Research and development companies
  • Public companies registered on any recognized stock exchange

This strategy includes a series of new incentives for Third Country Nationals (TCNs), some of which are as follows:

  • Temporary Work and Residence Permits of up to 3 years for TCN employees (renewable upon expiry)
  • Possibility for Support Staff to relocate under certain conditions
  • Simplification of the application process for Permanent/Long Term Residence for employment purposes
  • Free access to the labor market for spouses of highly skilled TCN employees earning at least a gross salary of €2500 per month
  • Digital Nomad Visa for TCN individuals for a period of up to 3 years
  • Tax exemption of 50% for new non-domiciled employees with employment remuneration of greater than €55,000 p.a. (valid for 17 years)

Why invest in Cyprus

  • Unrivaled access to 3 continents – Europe, Asia & Africa
  • Member of EU since 2004. Geostrategic location with market access to 500m EU consumers and proximity to the MENA region
  • Safe & stable conditions prevailing in the country
  • Excellent system of infrastructure & telecommunications
  • Well-educated, highly skilled, multilingual workforce
  • Access to tech-savvy EU and international talent pool
  • Revised immigration policy for non-EU tech professionals
  • Attractive corporate tax regime @ 12.5%
  • Favorable IP regime as low as 2.5%
  • Regulatory framework aligned with the EU
  • Reduced naturalization for non-EU nationals
  • Enviable lifestyle in a safe clean and healthy environment
  • Reliable legislative framework. Legal system aligned to UK Common Law
  • Low cost of doing business
  • Close to 50 double taxation avoidance agreements with countries around the world.
  • Significant hydrocarbon reserves with the potential to open up tremendous opportunities in future.

What we can do for you

  • Location selection process
  • Setting up a business in Cyprus
  • Relocation of family members & staff
  • Facilitation of newcomers
  • Aftercare services for existing investors

Contact us to know more