The sunny, Mediterranean island of Cyprus has long been a beloved destination, both for holidaymakers and foreigners seeking to make it their new home. But what is it about Cyprus that makes it so attractive to people from all corners of the world? We look at some of the island’s most significant benefits.
1. Wonderful climate
Cyprus a rich tapestry of natural beauty – from Blue Flag beaches to rolling green mountains, one is spoilt for choice when it comes to spending time in the beautiful outdoors. And with almost 365 days of sunshine, there is no shortage of time during which to explore. You can spend one day soaking up the rays on the beach, and the next skiing down snow-covered mountains in Troodos.
2. Safety and comfort
Cyprus boasts one of the lowest crime rates in Europe, and as such, there are no ‘unsavory’ areas where purchasing property is not recommended, and residents feel safe in their homes no matter where they are located. The island’s small size also makes for a friendlier, more laidback way of life as most neighbors are familiar with one another and will look out for each other in times of need. As a former British colony, Cyprus is also open and welcoming to foreigners, and almost all Cypriots speak English to a high level.
3. High standard of living
In comparison to its European counterparts, Cyprus boasts an exceptionally high quality of life, with some of the lowest costs of living of any developed nation, a high GDP per capita, and a modern and effective health system. Indeed, the World’s Quality of Life Index by the Economist Intelligence Unit, which takes into account a variety of factors, including income, health, freedom, unemployment, family life, political stability and security, and community life, has concluded that Cyprus demonstrates an excellent lifestyle and top quality of life.
4. Excellent education system
Cyprus is home to some of the best secondary and tertiary educational institutions in the Mediterranean, with thousands of overseas students enrolled in the island’s many universities. Cyprus education includes a free, public education system that is available to all citizens, private English-speaking schools, and both public and private universities, many of which have forged links and cooperative agreements with reputable universities across the globe.
5. Ease of immigration
The Cyprus Permanent Residency Program is a straightforward process wherein foreign nationals can gain a lifelong residence permit on the island, and take advantage of a number of benefits and
opportunities, such as the right to live, travel, or study within the EU. All investors need is a purchase of real state of at least 300,000EUR to get their application process started.
6. Investment opportunities
Cyprus’ strategic position, as well as its valuable historic and geopolitical background, have made the island an attractive international business hub. For decades, Cyprus has enticed foreign businesses and investors with some of the lowest corporate tax rates in the EU as well as multiple opportunities for investment. Many key investment sectors on the island are flourishing, and foreign investment is flowing at a steady pace. From natural gas reserves to the opening of luxury developments such as marinas, hotels and casino resorts, there is an abundance of opportunities waiting to be explored.
