Cyprus has been a full member of the EU since 2004. The island is located in the southeastern Mediterranean Sea, at the crossroads of Europe, Asia, and Africa. The strategic location of the island has played an important role in its development as a financial center.
Cyprus, with its warm and stable climate and convenient geographical position, is considered an attractive place for residence. The investment landscape in the country is beneficial due to the island’s well-qualified labor force, attractive taxation, and a reliable transport and telecommunications system.
Cyprus has a modern, free-market, service-based economy, with an effective and transparent regulatory and legal framework, giving international investors and businesses the confidence to invest, grow, and prosper.
The country has a resilient economy and showed continued growth following the last recession. Measures implemented to stimulate the economy have accelerated Cyprus’s GDP growth, placing the island among the highest accelerating economies in Europe.
The Cyprus Council of Ministers revised the Cyprus Investment Programme and implemented new rules on 15 May 2019, enabling foreign nationals to gain citizenship if they meet certain criteria. When you acquire citizenship under the program, you and your family enjoy full citizenship for life, which is transferable by descent.