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About Cyprus

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Strategically located at the crossroads of Europe, Asia and Africa, Cyprus has been an important center for trade and doing business for thousands of years. The island has a dynamic free-market with an advanced service-based economy, driven by a diverse and highly skilled workforce.

In addition to existing, mature areas of the economy, spanning from financial and professional services, to shipping, tourism and commerce, the discovery of substantial hydrocarbon reserves in the island’s Exclusive Economic Zone has resulted in a surge of foreign direct investments and development of new enterprises.

An excellent infrastructure system and favorable tax treatment make Cyprus a favored destination for professional and business pursuits. Particularly, the island offers the corporate tax rate as low as just 12.5% alongside with numerous additional tax advantages. The country currency is the euro.

With all these business opportunities, Cyprus is placed to be among the world’s safest and stable countries vested with various opportunities to obtain superior level international education as much as it does providing a great choice of the world-class properties, making it an ideal location for living both to families and students alike.

Thanks to its rich historical heritage, multinational culture and famous hospitality, here, without exception, everyone feels welcomed and at home.

What comes to the island’s leisure profile – its spanning beautiful beaches, fresh air, wonderful Mediterranean climate and cosmopolitan cities - Cyprus remains unsurpassed in providing great value for money offerings while securing a high-standard living.

Infrastructure

2 international airports - Larnaca and Paphos
2 major seaports - Larnaca and Limassol. A highly developed telecommunication system is in place providing high levels of regional and global connectivity. A modern road system provides fast and easy travel between major urban centers.

Polity

After Cyprus gained its independence from British colonial rule in 1960, it adopted a government modelled on western democracies. Cyprus of today is a democratic state with presidential system of governance. The President of the Republic is elected for 5 years directly by the people in a secret ballot. The House of Representatives is the legislative body and consists of 56 elected members who serve a five-year term, while the administration of Justice is exercised by the Judiciary – a separate and independent body. The current President of the Republic is Mr. Nicos Anastasiades, who was elected in February 2013.

Since 1974 Turkey has illegally occupied approximately 37% of the island. However, the Republic of Cyprus is internationally recognized as the sole legitimate state on the island with sovereignty of its entire territory, while its significant political stability makes it a firm favorite for investors in the region.

International affairs and demographics

Since its establishment in 1960, the Republic of Cyprus has been granted membership in several international organizations, including: the United Nations (1960), the Council of Europe (1961), the World Bank (1962), the International Monetary Fund (IMF) (1962), the World Trade Organization (1995) European Union (2004) and Eurozone (2008).

Α beautiful island with a rich history and culture, Cyprus is the third largest island in the Mediterranean after Sicily and Sardinia. It covers an area of approximately 9,250 square kilometers. The population of Cyprus is about 862,000 and the capital of the island is Nicosia. The sunny island is well known for its mild, wet winters and hot, dry summers, with the sunshine lasting almost all year round.

Еxperience Cyprus

Cyprus has something for everyone to choose from an array of gourmet restaurants and contemporary shopping malls, fitness classes to social organizations permitting creative pursuits, inclusive of music and theatre, and arts and crafts.

Many locals make a quite an effort to not only learn the languages of people adopting the island as their home or business base - English and Russian are widely spoken here - but also their cultural customs.

The Mediterranean famous unhurried pace of life is best expressed in Cyprus, rewarding visitors and homeowners alike with a laid-back, stress-free approach to living. Possibly this can explain the reason of why the island is also incredibly safe, claiming the lowest crime rate in Europe, and little to no traffic congestion and pollution.

For those seeking outdoor recreation Cyprus offers many stunning and easily accessible spots found high up in mountain peaks, low valleys or out along its vast coastline. Should you choose to escape the summer heat, the challenging terrain of the Troodos mountains offers a refreshing break and a fascinating introduction to the area’s quaint and peaceful villages.

Finding a less active pace of recreation is easy, just take a walk in the shady forest trails whereas the most breathtaking sea views can be seen from the multitude of hiking trails that cover Akamas peninsula.

Along the path of history

It is noteworthy to mention the island’s historic sites take on an essential role in shaping its modern entertainment offerings, attracting tourists from all over the world.

Among them are the Roman amphitheater at Episkopi dated back to 2nd century AD, Medieval castle in Paphos, which has come to be a venue for various open-air music, dance, and theatrical performances.

Cyprus in the minds of many is an inextricably linked with Aphrodite, the goddess of beauty and love. The island’s history has made it a magic theatre full of mesmerizing tales and sites of mythological significance framed in sceneries of bygone eras that come to life in archaeological parks and ancient ruins.

Speaking of historical heritage, it is especially worth noting Paphos.

Paphos is the richest administrative district out of 6 on the island in terms of cultural heritage with its many archaeological sites. Whether you are devotee of archaeology, folklore, ethnography or the Byzantine Empire, you will certainly find something to interest you in one of Paphos twelve museums. The city is a former pre-Hellenic center and, as such, is inscribed on the UNESCO.

World Heritage List, with the remains of villas, palaces, theatres and fortresses giving the town exceptional value. Beyond Paphos itself, it is only two miles to the Tombs of the Kings, as well it is Unesco World Heritage Site.

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