Cyprus
Cyprus, an island nation in the Eastern Mediterranean, is renowned for its rich history, stunning landscapes, and strategic location. Known for its beautiful beaches, ancient ruins, and vibrant cultural heritage, Cyprus offers a high quality of life and a welcoming environment for residents and visitors alike.
The island is divided into the Greek-controlled south and the Turkish-controlled north, with Nicosia as the capital city and the last divided capital in Europe. Cyprus has a stable economy driven by tourism, real estate, and financial services. The country is a member of the European Union, and its strategic location offers significant trade and investment opportunities.
Country Overview
Cyprus, with its stunning beaches and warm Mediterranean climate, is regarded as a prime location for permanent residence by non-EU nationals. Its favorable tax regime and high quality of life further enhance its appeal as a residence destination.
Country Information
Situated between three continents, Cyprus is an attractive tourist destination with an excellent geographical positioning.
Population:
55,000
Languages:
English
Economy:
Driven by tourism, real estate, and financial market sectors
Currency:
Eastern Caribbean Dollar
Living in Cyprus
Cyprus, with its favorable climate and strategic location, is viewed as an appealing destination for both business and residence. The country offers a strong investment environment, thanks to a well-educated workforce and reliable transport and telecommunications infrastructure.
Cyprus operates a modern, free-market economy centered on services, supported by a clear and efficient regulatory and legal system, which provides confidence to international investors. Ranked 54th out of 190 countries in the World Bank's 2020 Ease of Doing Business Index, Cyprus has introduced new measures to revitalize its economy following significant restructuring of its banking sector, aimed at promoting economic growth.
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