About Cyprus
Why Cyprus is the Most Attractive Destination for Investments
Cyprus emerges as a beacon of opportunity for investors. With its strategic location, favorable tax regime, stable economy, and innovative industries, Cyprus offers a wealth of benefits for people looking to expand their portfolios and maximize returns.
Situated at the crossroads of Europe, Africa, and the Middle East, Cyprus serves as a gateway to diverse markets. Its strategic positioning offers developers access to international business opportunities and facilitates seamless connectivity for global projects.
As a member of the European Union, Cyprus offers developers access to a wide range of benefits, including the freedom to move capital and services within the Eurozone. This membership enhances the country’s appeal as a secure and regulated investment destination.
Cyprus boasts one of the lowest corporate tax rates in Europe at just 12.5%, making it an attractive destination for those seeking tax-efficient investment options. Additionally, the country offers 0% tax on dividends received from foreign investments. This means that individuals or companies in Cyprus who receive dividends from overseas subsidiaries are not subject to any tax on those earnings. Additionally, Cyprus offers various other tax incentives and exemptions to encourage foreign investment and business growth in the country.
Over the past few years Cyprus has seen consistent GDP growth. The real estate market in Cyprus has also shown stability and growth, particularly in prominent areas like Limassol, Larnaca and Paphos. Based on official data, in February 2024, there were 1,284 property sales transactions, marking a 14% increase compared to the previous year when 1,131 properties were sold during the same period. This positive trend is fueled by an increasing demand for properties in Cyprus, driven by both local purchasers and international investors.
Cyprus is actively developing key industries such as information technology, pharmaceuticals, tourism, real estate, food processing and energy. Investors can capitalize on the country’s focus on innovation and growth by aligning their investments with these thriving sectors.
Why Larnaca
In today’s global business environment, the decision to relocate is multifaceted, involving the interests of companies, employees, and their families. Many international businesses, moving from major European cities, are increasingly drawn to Larnaca, Cyprus, for its distinctive combination of business benefits and lifestyle perks. What sets Larnaca apart are its strategic advantages for business operations and the quality of life it offers.
Larnaca’s appeal starts with Cyprus’ favorable tax conditions for corporations and individuals alike, providing significant financial incentives. Beyond economics, the region promises a safe, balanced lifestyle with its modern facilities nestled in beautiful, natural surroundings. Its connection to UK educational standards through local schools and universities makes it a priority destination for families valuing education.
2023 statistics show a 32% rise in arrivals at Hermes Airport, highlighting Larnaca’s increased accessibility. Compared to other cities like Limassol and Nicosia, Larnaca provides a more affordable cost of living and a variety of housing options, further enhanced by an ongoing property development surge. Larnaca’s focus on improving logistics and infrastructure also positions it as a leader in attracting international business, shifting interest from traditional locations such as Limassol.
The expansion of Larnaca’s port and marina, involving billions in investments, positions the city as an attractive hub for property investors, with a 44% rise in demand noted among foreign investors in the latest reports. This investment is complemented by innovations in education and infrastructure, aiming to meet and exceed the expectations of its international community.
Larnaca represents a compelling blend of strategic business advantages, quality of life, and investment opportunities, making it an ideal relocation choice for companies and families alike. Join our project at Aurora Hills Residences and explore the potential that Cyprus offers.
