Cyprus is located in the centre amid Europe, Asia & Africa which makes it a very important hub for trading & social mixtures. Local Cypriots are mainly Greek (78%) & Turkish (17%). Official languages are Greek & Turkish too. English also commonly used for daily lives & for business / commercial purposes.
Being part of the Ottoman Empires during the 16th centuries, Cyprus become part of the British colony in 1914 & member of the Common Wealth until now.
Cyprus became independent in 1960 while split into Northern (Turkish occupied) Cyprus & South (Greek) Cyprus in 1975. The Republic of Cyprus joined the EU in 2004 & adopted Euro as official currency in 2008.
After the Europe financial crisis in 2014, Cyprus had reformed & became an open economy in attracting foreign investments. Nowadays, Cyprus has became an international hub for shipping, trading & financial services, Tourism has became a main industry there which makes it a famous places for vacation during summer times. More & more giant & international hotels & theme parks have settled there (The biggest casino hotel in Europe "City of Dreams Mediterranean" has been built & open in the mid 2022).
The Golden Passport scheme has been launched in 2015 & halted in 2020. The Permanent Residency scheme has been continued. Over 6,000 has successfully applied for the passport or PR schemes so far (mainly from Russian, Middle East & China).
Life in Cyprus is very relaxing. The crime rate is also one of the lowest among European communities. New & fashionable apartments are being sold especially to new immigrants with the establishment of some international colleges & schools. Life is easy there & most local residents have their own apartments / houses & cars. Living indexes are low that it is hard to feel any pressure of living there.
There are many beautiful beaches, resorts, natural & historical attractions which make local touring & stay over one the major activities too.
Has the lowest crime rates within the European Union (EU) and well maintained law and order.
The head of state and of the government is elected by a process of universal suffrage for a five-year term. Executive power is exercised by the government with legislative power vested in the House of Representatives whilst the Judiciary is independent of both the executive and the legislature. The Cyprus legal system is founded on English law
Cyprus had a total population of 838,897 live in Republic of Cyprus controlled area (October 2011 census preliminary result), of whom 71.8% were Greeks.
Cyprus has two official languages, Greek and Turkish. English is widely spoken and it featured widely on road signs, public notices, and in advertisements, etc.
1. Shipping Industry - 3 rd largest merchant fleet in the EU and among the largest merchant fleets worldwide.
2. Energy Sector - • Natural gas has already been discovered in Block 12 (Aphrodite field) by Noble Energy • The second drilling programme, “Glaucus 1”, of Block 10 has been completed in February 2019 with positive results. Excellent quality of natural gas was discovered and the quantities of natural gas in the Block are estimated between 5 and 8 trillion cubic feet.
4. Education - 8,4% growth in 2018.
5. Alternative Investment Funds (AIFs) - New legislation governing the AIFs, Flexible structures: UCITS and AIFs, Low setup and operation costs
It is located south of Turkey, west of Syria and Lebanon, northwest of Israel, north of Egypt, and southeast of Greece, which is is an important hub in the heart of the Mediterranean at the crossroads of Europe, Africa and Asia.
Has a subtropical climate with very mild winters (on the coast) and warm to hot summers. Rain occurs mainly in winter, with summer being generally dry. Cyprus has one of the warmest climates in the Mediterranean part of the European Union.
Has a highly developed system of primary and secondary education offering both public and private education. The high quality of instruction makes Cyprus one of the top three spenders of education in the EU along with Denmark and Sweden.
Yes. Free education is available in public schools, lessons there are taught in Greek, but school personnel and vast majority of students are speaking English.
If you would like your children study following an English system, it is suggested to go to a private international school, where lessons are in English and educational program is based on UK (or other) standards. Private international schools offer high quality education, but the price is 3 to 6 times cheaper than Chinese international schools. Free education is available in public schools, lessons there are taught in Greek, but school personnel and vast majority of students are speaking English - that makes it much easier for a foreign student to adjust.
Investors can register with any public hospital (the registration fee is about €10 - 20). After registration, the hospital will issue a medical card, which can be used for free admission to any public hospital in Cyprus. As a Commonwealth country, Cyprus implements a medical separation system, which is free of charge and takes prescriptions to buy medicines. In addition, as of 2018, GeSY (the universal health insurance system of Cyprus) was successfully implemented.
Water & electricity fees are low in Cyprus which can be settled every 3-months or by autopay. Garbage & sewage disposal fee & municipal taxes can be settled annually.