Cyprus Information

FAMAGUSTA AREA

Famagusta area is located in the southeast of the island and is the most popular destination for tourists around the world. Ayia Napa on the south-east coast is well knowned for its vibrant life and its fabulous beaches of fine white sand, and Protaras, the coastal area of Paralimni in the east with its award-winning beaches (Fig-tree bay beach and Konnos beach) with its crystal sea waters and its hundreds of windmills, nowadays buzz with life.

A group of villages which lie in the northwest side of Famagusta district, are known as “Kokkinochoria” (the red soil villages), due to the rich red earth where delicious potatoes, watermelons and melons and strawberries grow. Cyprus potatoes are famous and is one of the islands biggest export.

During the summer period, residents and visitors can enjoy a range of festivals that take place in the above mentioned villages, such as potatoes festival, strawberry festival and watermelon festival as well as a range of Festivals carried out by Ayia Napa and Paralimni municipalities.

Ancient monuments, natural coastal paths and a variety of theme parks Famagusta Area offers, makes people’s life more interesting.

Tax System

The tax system is fully compliant with EU laws and regulations. Cyprus has the lowest corporate tax rate of 12.5% and dual taxation agreements with over 50 countries. This means that any earning on property, business and much more will not be touched or in any way claimed in the own country. Considering the above and the recent amendments to individual tax and property tax, Cyprus tax system is assumed very attractive

ABOUT CYPRUS

Cyprus is the third largest island in the Mediterranean Sea situated at the crossroads of Europe, Africa and Asia. It is deservedly considered to be one of the most attractive places for living, leisure and business. Almost 4 million of tourists from all around the world visit Cyprus to enjoy the magnificent climate and relax on the cleanest beaches in Europe.

The climate of Cyprus is considered to be one of the healthiest in the world and this is the main reason, why the expectancy of the population of Cyprus is higher that many other countries.

The Republic of Cyprus became a member of European Union in 2004 and since then it has been grown on the sectors such as economic, health, environmental and social. Cyprus offers excellent opportunities for acquiring high quality standards of education. You can find private English schools that provide primary and secondary education in all the major cities, as well as private third level institutions.

WHY CYPRUS

Weather

350 days of sunshine year-round

Beaches

The cleanest and safest bathing waters in Europe, awarded with blue flag

Nature

Beautiful nature and picturesque landscapes

British System

Efficient and transparent British based legal system

Taxes

Lowest taxes in Europe

Bank Services

Excellent banking facilities with worldwide networks

Economy

Expected economic growth through development of casino, marinas

Education

High Standard education system up to University level

No Crimes

Lowest crime rate in Europe

Languages

English widely spoken

Russian

Russian spoken by a number of population

Medical System

High standard Medical system

Convenient transportation

Enjoys 2 international airports with more than 55 airlines making the flights

Currency

Euro currency

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