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
