Cyprus is a dynamic, cosmopolitan and transparent business centre offering opportunities for investment across a wide range of sectors. Cyprus is committed to offering a high quality, duly regulated service and unique set of competitive advantages that ensure the best possible experience for investors and business people worldwide.
LocationStrategically located at the crossroads of 3 continents, Europe, Africa and Asia, the location is a central hub for busy shipping and air routes linking the 3 continents.
Positive Economic Outlook• The Cypriot economy expanded faster than EU average in 2017• 3.8% growth in 2017• Consecutive upgrades by Credit Rating Agencies• Positive EU Commission macroeconomic forecasts – robust growth expected to continue
Attractive Tax SystemCorporate Tax• 12.5% corporate tax rate• EU & OECD Compliant / Access to EU directives• Dividend participation exemption• No tax on profits from disposal of securities• No withholding taxes• No tax on capital gains under conditions• Notional Interest Deduction (NID) on investment in Cypriot companies• Attractive IP RegimeIncome tax for new residents Income more than €100K/year• Exemption from personal income tax of 50% for new residents• Applies for the first 10 years of employment in CyprusIncome less than €100K/year• Exemption from personal income tax of 20%, up to a maximum of €8.550 per annum for 10 yearsInvestor’s tax benefits• Non-domiciled individuals who are tax residents of Cyprus are not taxed on passive income for income tax or defence tax in the form of dividends and interest.
Access to talent• The youngest population and workforce in the EU• 55% of the workforce has a tertiary degree• Businesses in Cyprus operate in English and 73% of Cypriots speak English• Booming private education sector with English taught programmes• Visa-free access to European talent• Easy access to global talent
Access to markets• Full access to European markets and 40+ EU trade agreements• A member of the Eurozone since 2008• Part of the European Single Market• 60+ double tax treaties
Strong business support services• Wide range of services make starting & running a business easy• 700+ registered accounting firms including all major global firms• 2,700+ registered lawyers and 160 law firms• A range of serviced offices & co-working spaces• High availability of modern and affordable office space in all cities
Low cost of doing business• Lower labour costs for technical and professional talents than in other major EU capitals• Among the lowest office rental rates in Europe• Highly affordable critical business support services
Quality of life• One of the best climates worldwide• Top 5 safest countries in the world (Value Penguin 2015)• Top 4 best retirement destination globally (Knight Frank 2016)• Most blue flag beaches per capita in the EU (Eurostat)• Best island economy 2017/2018 lifestyle & human capital (fDi magazine)
Excellent regulatory structure• The legal system is closely aligned to the English common law legal system• Frequently updated to meet investors’ changing needs• Strong protection for investment and intellectual property• Establishing a business is simple and fast
If you are having any questions, please feel free to ask.
A. A. Purple Real Estate is a Registered and Licensed Real Estate Agency, Reg No. 931, License No. 512. We opened for business in September 2007 and over the years have established ourselves as the market leader island wide. Recognising the importance of customer care and building relationships with developers we are able to offer our clientele the highest standard of service in the industry.