Cyprus has become the European jurisdiction of choice for high net worth businessmen and investors from Eastern Mediterranean countries. A significant number have recently established their private and business residence by moving their family and business on the island.
Some of the Reasons for choosing Cyprus as their base are:
- Attractive legislation for the setting up of offices/headquarters/businesses.
- Ability for obtaining work permits, residence permits and citizenship for expatriate individuals.
- Tax incentives.
- Double Tax Treaties.
- Excellent infrastructure.
- EU member.
- High quality of standard of living.
- Low crime rate.
- An embedded culture for welcoming foreign people.
- People feel at home and blend in easily with the locals.