CYPRUS
Member of European Union, situated in the eastern Mediterranean, uniquely positioned at the crossroads between Europe, Asia, Africa and the Middle East.
Rich in natural beauty and blessed with a strong cultural legacy dating back over 4,000 years, the birthplace of Aphrodite, the Greek Goddess of Love, Cyprus offers something for everyone.
A member of the European Union, Commonwealth, United Nations, non-aligned movement, World Bank and the International Monetary Fund. It is a global banking hub with robust legal & fiscal systems based on English common law. The Cypriot economy is diverse and particularly strong in tourism, financial services, shipping, natural energy and education.
Cyprus is the third largest island in the Mediterranean, with a population of 850,000. Connected by two international airports in Larnaca and Pafos and a seaport in Limassol.
The lifestyle offers a secure and safe environment for the whole family to enjoy a stress free life. A Mediterranean climate with 340 days of sunshine a year with very mild winters, averaging 17c, and warm summers, averaging 33c. The English language is widely spoken by the vast majority of the population making it easy to live and prosper with first class education, healthcare and leisure facilities. Cyprus has become the European destination of choice.
- 1st safest country in the world with population under 5m (source Value Pengvin)
- 5th safest worldwide (source Value Pengvin)
- 2nd best Citizenship Programme in the World (source Business Tech Magazine)
- 5th best relocation destination (source Knight Frank Global Investment Review)
- 4th best destination for higher education & training (source Cyprus Ministry of Education and Culture)
- 2nd best climate in the world (source InterNations)
Why Invest in Cyprus?
Invest in Cyprus. Enjoy Europe.
• Democratic country with political stability
• Member of the European Union with free trade borders accessing 500 million people
• Economic gateway linking Europe with Africa and Asia encouraging emerging nations to expand their business through Cyprus
• One of the fastest growing and diverse EU economies, strong market sectors in tourism, financial services, shipping, education, energy
• Modern and efficient legal, accounting and banking services based on English practice
• Creation of Cyprus Company with only foreign shareholders
• Highly qualified managerial, clerical and technical staff available
• Corporate Tax 12.5%, lowest in the Eurozone
• Double taxation treaties with 45 countries
• Bilateral investment agreements with 16 countries
• Fast and easy procedures on Cyprus Investment Program
• Fast and easy procedures on Cyprus Permanent Residency Program
ZERO
TAX ON FOREIGN
INCOME RECEIVED IN CYPRUS
ZERO
INHERITANCE TAX ON WORLDWIDE ASSETS
ZERO
PROPERTY TAX
ZERO
TAX ON COMPANY
DIVIDENDS
5%
REDUCED VAT APPLIES FOR PERMANENT HOME
Relocate
Feel welcomed, even from plane arrival
Cyprus has long since been on the radar as a country welcoming global citizens to its shores, ranking number 5 in the world’s top relocation destinations. A favourable tax regime, skilled labour force and a great quality of life attract many who choose Cyprus to set up a business operation. As one of the fastest growing and most diverse economies in Europe Cyprus is the envy of many, with well-established finance, shipping, oil and gas, eco energy, education and tourism sectors all flourishing. A high standard of living, excellent educational establishments and superb healthcare facilities means adapting to the Cypriot lifestyle is an easy transition as is choosing your home. On 2017, Pafos was declared as culture capital of Europe” because of its multicultural and multinational inhabitants. In Pafos, everybody is welcomed. At Domenica, we will work with you, listen and understand that is important for you and your family and assist you selecting your Dream Home.
Retire
Indeed, Cyprus has been fulfilling this dream for many years…
For many retirement means putting into place what you have been planning for throughout your working life. For some it may conjure up a picture of travelling, cruises or perhaps taking up new sport or hobby. But for an increasing number of people, they are on the move, often in search of much warmer climates. Looking for a country where they can enjoy a slower pace of living, a better quality of life and a balmy warm climate. And there certainly are plenty of compelling arguments for choosing Cyprus as a retirement destination. A warm climate, genuine hospitality, rich culture and history. An infrastructure that provides excellent healthcare, amenities and leisure facilities. And an attractive tax system that can help facilitate that pension pot working to its full potential.
All good reasons why over 100,000 people have already chosen to live here and now call it home. Value for money in bricks and mortar is one of the most powerful reasons why Cyprus leads the way over other destinations. Real estate has long been acknowledged as a good long-term investment and this is certainly true in Cyprus.
Follow the golden rules when buying and you will be putting your money into a solid long-term investment. Pafos has always been the destination of choice for most people coming to live in Cyprus for many reasons, choice of locations, easy access to the city, excellent leisure facilities and its own airport. Add to this sensibly priced properties, realistic returns and superb locations and you will find your dream home with Domenica.
Our personal approach means that we aim to meet each and every one of our client’s needs.
Holidays
More than an island. More than sea and sun. Paradise!
Cyprus is acknowledged as a year-round sun destination attracting millions of holidaymakers to its shores every year. Tourism continues to increase year on year with people looking not only for hotel accommodation but increasingly preferring to stay in holiday villas or apartments, a trend that has increased with the growth of social media and online holiday and accommodation apps. All of which bodes well for the property market both in terms of rental yields and also capital growth.
None more so that in the Pafos region which not only has a twelve-month tourist season but also has most of the island’s leisure facilities on its doorstep. All of the main golf courses in Cyprus are in the Pafos district, a new 1,000 berth marina will start shortly and will be the largest in Cyprus. A new casino resort, the largest in Europe, is only 20 minutes drive away. Spa and sports facilities are on your doorstep not to mention easy access to the Akamas national park, Pafos forest and Troodos mountains.
Closer to town you can enjoy the lively nightlife or if you prefer, the tranquillity and character of the old town. Shop and dine in the mall or amble through the streets of the old town with a plethora of shops, restaurants and coffee houses. Or simply relax on one of the many blue flag beaches. Whatever your preference let Domenica help you find the right property for you.
Invest
Lowest taxation in Eurozone, energy, services, tourism, shipping, real estate. Invest in Cyprus. Enjoy Europe.
Cyprus attracts higher than average rates of return given its popularity both as a year-round tourist destination and as the country of choice for many looking to retire to warmer climates. This is particularly true of the Pafos region where demand for rented property is at an all-time high with tourism at record levels and demand for long term rentals outstripping supply.
With the on-going investment in both the hospitality and infrastructure sectors this is likely to stay this way for many years to come so not only providing you with guaranteed rentals but also high capital appreciation, while taking advantage of the attractive Cyprus tax regime. Corporate Tax is just 12.5% and with many other attractive tax benefits Cyprus can provide you with the perfect platform from which to manage your investments and more.
Cyprus is one of the most attractive investment destinations due to its extremely efficient legal system, numerous tax benefits for foreign investors, world class services provided and high quality of life. Being a year-round tourist destination and among the top choices for relocation and retirement in the region, it offers higher than average rental yields, due to the ever increasing demand.