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Cyprus Overview

Cyprus is a small, yet extremely important country nestled right in the heart of the European Union. Its beautiful geography is enhanced by an even more splendid climate, with seemingly endless blue skies. A favorable tax system and robust economy mean that there is always a sleuth of investment opportunities available to suit all kinds of investor needs.
Overview Cyprus
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Not only blessed with beautiful weather and a stunning landscape, the Republic of Cyprus is culturally rich and perfectly placed for working and travelling, both within the EU and beyond. The Greek-speaking Orthodox Christian community and the Turkish-speaking Muslim community are the two major ethnic and religious groups in Cyprus. The members of both groups cohabited in peace and celebrated their festivals together until 1974, when Turkey invaded the north in response to a military coup on the island backed by the Athens government. Since then the island has been effectively partitioned with mostly Turkish Cypriots occupying North Cyprus, and mostly Greek Cypriots occupying the Republic of Cyprus. Even though the two communities have been separated since the events in 1974, they still share lots of things in common, such as customs, mannerisms, values and cuisine. Reunification talks have proceeded gradually and some progress has been seen recently.

Today, modern Cyprus is an independent sovereign Republic with a presidential system of government. After a series of negotiations lasting more than three decades, the Republic of Cyprus became a full member of the EU in 2004. The accession to the EU contributes markedly to the democracy, freedom and economy of Cyprus. In 2008, Cyprus joined the European Monetary Union and the euro became its official currency, replacing the old Cyprus pound. Cyprus is also a member of the United Nations and its specialised agencies, the Council of Europe, the British Commonwealth, the Organisation for Security and Cooperation in Europe, and many other international organisations, playing an increasingly significant role in the globalized world.

The Cyprus Permanent Residency Programme offers residency to high-net-worth investors who make a significant property investment. Family members can accompany the applicant, and residents of Cyprus are free to travel the Schengen area. Cyprus is also a favourable location to do business, with a central geographic location and a business friendly government. Not to mention the fabulous weather and pristine beaches that Cyprus is famous for.

Cyprus: Factsheet

  • Official Name:Republic of Cyprus
  • Geographic Location:Eastern Mediterranean
  • Capital:Nicosia
  • Independence Day: 1st of October
  • Population: 1.19 million
  • Population Density: 129 people / km2
  • Major ethnic group:Greek Cypriots, Turkish Cypriots, Armenians, Maronites
  • Official languages:Greek, Turkish
  • Currency:Euro
  • Religion:Orthodox Christian, Sunni Islam
  • Land area:9,251 km2
  • Total GDP: $19,80 Billion (2016)
  • GDP Per Capita: $ 28,325 (2016)

Why Choose Cyprus?

  • A favourable and flexible tax system.
  • Positive economic prospects.
  • Elite talent and top financial services.
  • Sound legal and regulatory framework.
  • Membership of the European Union (EU) and the Eurozone.
  • High-quality of life.
  • Warm, Mediterranean climate, beautiful beaches and excellent food.
  • High-quality education and healthcare.
Residence & Citizenship Cyprus Contact

Cyprus

3 Themistocles Dervis street,

Julia House,

1066 Nicosia,

Cyprus.

Email: cyprus@kylinprime.com

Work schedule:

Mon – Fri: 09:00 – 17:30

Sat – Sun: Closed

Private client enquiry