The island of
Cyprus

A European Island

Whether you fully embrace it or approach it with caution, Cyprus is a destination that elicits strong emotions and leaves a lasting impression. Situated in the eastern Mediterranean Sea, this island boasts over 3000 years of history, enduring traditions, stunning natural landscapes, delicious Mediterranean cuisine, and the welcoming hospitality of its people.
Cyprus offers a mild Mediterranean climate, clear waters, numerous Blue Flag beaches – the highest concentration in Europe – and a favourable environment for real estate investments and business opportunities. A trip to this captivating island is sure to enchant you and inspire you to either return or make it your permanent home.

Quick Info

Cyprus, EU

Country

360 days

Days of sunshine

1.5mil+

Population

English, Greek, Russian

Spoken Languages

International

Culture

Acceptable

Cost of living

Very safe

Safety

Bus, Taxi, Rental

Transport

5

Citiess with beaches

International

Cuisine

International

Schools

2

Airports

Cyprus has 6 main cities and towns around the island

Centuries-old history

Cyprus, an island steeped in an ancient and captivating history spanning over 9,000 years, was initially inhabited by hunter-gatherers. Notably, from the Pre-Pottery Neolithic era (8,500-7,000 BC), traces of settlements and a transition to a sedentary lifestyle have been meticulously preserved. During the Romanesque epoch, Cyprus was integrated into the vast Roman Empire. In the 1st century AD, the esteemed apostles Paul and Barnabas introduced Christianity to the island, culminating in the establishment of the Apostolic Church of Cyprus in 46 AD. Throughout numerous centuries, Cyprus faced invasions from Arabs, British, and Turks. Noteworthy is the settlement of over 20,000 Turks on the island during the 16th-19th centuries. At the onset of the 20th century, Great Britain entered into an agreement with Turkey, leading to the leasing of Cyprus and its subsequent declaration as a colony. The period from 1955 to 1959 marked a significant chapter in Cyprus’s history as it witnessed a fervent struggle for independence orchestrated by the EOKA organization under the leadership of Gheorghe Grivas, affectionately known as “Digenis”. In accordance with the terms set out in the Zurich and London Agreement, Great Britain gracefully departs the island of Cyprus, while maintaining its position as a guarantor of sovereignty alongside Greece and Turkey. The British military presence remains in Dhekelia and Akrotiri, overseeing 2% of the island’s territory. In 1960, Cyprus emerges as an independent state, promoting harmony between its two distinct national communities. Archbishop Macarius III (Muscos) assumes the presidency, with Fazil Kyuchuk appointed as vice-president. The United Nations steps in to send peacekeeping forces to Cyprus in 1964. However, a decade later, Turkey takes control of the northern region of Cyprus, which now encompasses 37% of the island. Presently, Cyprus remains divided, with ongoing discussions focused on reunification. In a significant referendum in 2004, Greek Cypriots rejected the UN proposal. Since 2004, Cyprus proudly holds membership in the European Union, solidifying its position as a key player in the eurozone since 2008. Key Urban Centers

Key Urban Centers

The primary urban hub of Cyprus, Lefkosia (Nicosia), boasting a populace of 208,900 individuals, stands at the heart of the island, serving as the governmental epicenter and premier commercial nexus. Regrettably, it holds the unique distinction of being the sole capital globally divided into two segments. Following the 1974 incursion by Turkish forces, the northern sector of Nicosia has remained under occupation, isolated from the southern region by a buffer zone patrolled by UN forces.

The island’s second-largest city, Lemesos (Limassol), thrives as a bustling seaport in the southern expanse, doubling as a sought-after resort destination with a population of 163,900 residents.

Larnaca, the secondary coastal metropolis situated in the southeast, accommodates 73,200 denizens and ranks as the island’s next significant commercial harbor. Notably, Larnaca houses the international airport. Paphos, positioned in the southwest and home to 48,300 inhabitants, hosts another vital airport.

Limassol

Emerging as Cyprus’s swiftest expanding locale and a haven for Russian-speaking denizens, Limassol occupies a central position on the island in close proximity to international airports. The perpetual influx of tourists fuels a burgeoning real estate and services sector. The city sprawls along a 15 km stretch of coastline, adorned with opulent hotels and villas. Limassol serves as a prime operational base for myriad foreign enterprises, legal firms, and manufacturing entities. Noteworthy is the expansive international port facilitating both commercial and passenger maritime activities.

Climate

Cyprus boasts a Mediterranean climate characterized by long, dry summers from mid-May to mid-October and mild winters from December to February, interspersed with brief autumn and spring seasons. The island offers a consistent climate with abundant sunshine and refreshing sea breezes.

Business and taxation

In terms of business and taxation, Cyprus stands out for its highly favorable tax regime within Europe. As a full member of the EU since 2004, Cyprus adheres to EU and OECD directives, ensuring regulatory compliance.

The corporate tax rate is set at a competitive 19%, while income tax for legal entities is notably low at just 12.5%. Additionally, the recent introduction of a digital nomad visa allows individuals to reside in Cyprus legally while working remotely.

Quality education system

Cyprus also prides itself on its quality education system. Public schools offer instruction in Greek, with Russian-language schools available primarily in Nicosia and Limassol, alongside prestigious private English-language institutions.

Higher education is provided by several universities, primarily located in the capital city of Nicosia, with additional branches in Limassol and Pathos. The cost of education is reasonable, and diplomas from Cypriot universities hold high esteem across Europe.

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