Relocating to Cyprus offers individuals and businesses a compelling combination of financial efficiency, stability, and long-term opportunity. The country is widely recognised for its attractive and transparent tax system, including one of the lowest corporate tax rates in the European Union and advantageous frameworks such as the non-domicile regime. These benefits, together with an extensive network of double tax treaties and a legal system based on English common law, provide a secure and predictable environment for international structuring and investment. As an EU member state, Cyprus enables businesses and individuals to operate within a fully compliant European framework while optimising their tax position in a practical and sustainable way.
Beyond its financial advantages, Cyprus delivers an outstanding quality of life that continues to attract professionals, entrepreneurs, and families from around the world. The island combines a safe and welcoming environment with a high standard of living, modern infrastructure, and access to quality healthcare and education. English is widely spoken, which significantly simplifies relocation and day-to-day business activities. With its favourable climate, relaxed lifestyle, and relatively low cost of living compared to other European destinations, Cyprus provides an ideal setting for individuals looking to balance professional success with personal wellbeing.
Strategically located at the crossroads of Europe, the Middle East, and Africa, Cyprus serves as a natural gateway for international business. Its geographic position, combined with EU access and a well-developed professional services sector, makes it an ideal base for companies looking to expand into multiple markets. The process of relocating and establishing a business in Cyprus is efficient and straightforward when supported by experienced advisors, covering everything from company formation and tax structuring to immigration and ongoing compliance. Whether relocating an existing operation or setting up a new venture, Cyprus offers a business-friendly environment designed to support growth, flexibility, and long-term success.
Facts about Cyprus:
Cyprus is one of the safest countries in the world
Cypriot culture has been influenced from ancient history; Cyprus was ruled by the ancient Assyrians, Egyptians, and Persians, before falling into the hands of Greeks again when it was conquered by Alexander the Great.
Cyprus is the only divided country in the world, in 1974 after the Turkish invasion the island was divided into South and North sides. The South side, also known as the Greek Cypriot side, is a member of the EU. Most people relocating in Cyprus prefer the South side for the economic benefits, safety, legal system and high quality lifestyle.
Cypriot hospitality is widely known. If you are hanging out with Cypriot friends don’t be surprised if they invite you for dinner at their home!
Commuting; transportation tickets are cheap, no matter how far you are travelling with a bus (€1.50), however the timetables are not followed, so expect delays. Transportation sector is brand new for Cyprus and there is definitely a possibility for improvement. On the other hand taking a taxi can be perceived as relatively expensive taking into account the short distances within cities
Expect traffic, lots of traffic in the 2 main cities, Nicosia and Limassol
Sunny weather almost all year around, approximately Cyprus has 300 and 340 sunny days a year and the winter is much warmer than any other countries in Europe.
Cyprus island is characterised by many as the ideal place to live, the residents managed to balance their work life with the calm lifestyle that tha island is providing. If you want to benefit from the Cyprus favourable tax system as an individual or you want to reside in the safest country in Europe this is the ideal place to be.
Our team of experts can assist you with immigration services, company incorporation, company tax optimisation, individual tax optimisation, & bank account opening. Please contact us via email to assist you further.
The Guide was last updated 04/2022, some information and details may be subject to amendments.
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