News

Ayia Napa – Attracting Investors in the Hospitality and Real Estate Industry

Ayia Napa – Attracting Investors in the Hospitality and Real Estate Industry

For a long time, Cyprus has been attracting many entrepreneurs from abroad who are interested in alternative investments. The demand for real estate is constantly increasing and many entrepreneurs recognise Cyprus as a different investment solution, particularly hotels in Cyprus due to the continuous growth of tourism. In 2018 the demand for property has continued

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Temporary Casino to Open in Limassol Cyprus

Temporary Casino to Open in Limassol Cyprus

It has now been confirmed that a temporary casino in Limassol is set to open its doors to the public on June 28 after receiving its licence. Speaking during the ground-breaking ceremony for the casino resort set to be built in Zakaki, Limassol, chairman and CEO of Melco Group Lawrence said that a temporary or

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SkyPrime Group Welcomes High Net Worth Individuals in Cyprus

SkyPrime Group Welcomes High Net Worth Individuals in Cyprus

Dual citizenship offers many benefits; however, it is a privilege for the few. While most people enjoy rights in their own country, access to opportunities and incentives around the world is the greatest luxury of all, reserved mainly for High Net Worth Individuals (HNWI) who can acquire dual citizenship (or even more), and can enjoy

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Sotira municipality prepares for coastal makeover

Sotira municipality prepares for coastal makeover

Since 2016, Sotira Municipality has been tweaking and polishing a detailed and far-reaching plan for the development of its beachfront at Ayia Thekla. Stretching from Potamos Liopetri (the so-called Liopetri ‘river’) towards Macronissos Bay, this 3km coastline is a raw gem – but not for long. This month, the masterminds of the plan met with

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Ayia Napa Investments – Cyprus Investment Magnet

Ayia Napa Investments – Cyprus Investment Magnet

A message from the Mayor of Ayia Napa, Mr Giannis Karousosto the international business community. Cyprus, a relatively small island in the Mediterranean Sea with an area of 9,251km2 and a population under one million, is known around the world for multiple reasons. Historians and archaeologists have noted its history spanning 10 millennia. To holiday

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Investment in Ayia Napa and Protaras as Cyprus promotes all year-round tourism

Investment in Ayia Napa and Protaras as Cyprus promotes all year-round tourism

The wonders of the southeastern coast Visit Ayia Napa and Protaras and you’ll soon realize why it ranks as the ‘hottest’ holiday resorts in Cyprus the sandy beaches are whiter; the sea is bluer, and the greenery is lusher. After a day of sunbathing either on the main bay or in hidden coves, holidaymakers can

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Cyprus Economy 2018 – Further Growth Expected

Cyprus Economy 2018 – Further Growth Expected

Consistent high growth rates exceeding 3% of the GDP and high primary surpluses are expected until the year 2021 in the Strategic Fiscal Policy Framework (SFPF) 2019-2021, which was approved by the Council of Ministers. The SFPF predict, for 2018 the improvement in the labour market with the resulting improvement of the available income, the

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5 Reasons why Cyprus is Perfect for Families

5 Reasons why Cyprus is Perfect for Families

Cyprus means different things to different people. Some know the island as a summer holiday destination. With its mild climate and sandy beaches, it is a preferred choice for a second home or the perfect place to retire in the sun. It’s the island of love, the birthplace of Aphrodite, and a magnet for historians

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Invest in your Family’s Future…

Invest in your Family’s Future…

The Passport Index examines and compares the passports of the world and ranks them by their total visa-free score. The Index for 2018 gave the Cyprus passport a power rank of 14, based on the fact that it allows its holders to travel to 158 countries visa-free, while a visa can be issued on arrival

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Investor alert: Where to invest in Ayia Napa

Investor alert: Where to invest in Ayia Napa

International investors are always on the lookout for promising investment opportunities – Ayia Napa, on the southern coast of Cyprus, has caught their eye. In fact, a survey focusing on investments in property in and around the area concluded that the value of assets in Ayia Napa is expected to increase significantly, even in the

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Expanding the Potential for Investment in Cyprus

Expanding the Potential for Investment in Cyprus

The travel market is an interesting, ever changing aspect of society. Some choose to travel to locations that are well known for unspoiled natural beauty, others select holiday destinations based on distinctively man-made appeal. However, the possibility to experience these two sought after qualities in one location is possible. Cyprus is the prime example. The

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Ayia Napa Marina, the Everchanging Face at your Doorstep

Ayia Napa Marina, the Everchanging Face at your Doorstep

  Known for its beautiful blue flag beaches and entertainment Ayia Napa has always been a must-see location for those who travel and live in Cyprus. That is not about to change especially with the new Ayia Napa Marina currently in development. The Ayia Napa Marina will host approximately 600 yachts, alongside two one-hundred-meter-tall apartment

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Increase of Property Sales and Company Formation in Cyprus

Increase of Property Sales and Company Formation in Cyprus

The department of Lands and Surveys has confirmed that the number of property sales contracts deposited at offices across Cyprus in February 2018 have increased by 46% since February 2017. This increase follows a rise of 64% in January 36% in December 39% in November and an 18% rise in October. Increased number of 666

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How to Apply for a Cyprus Citizenship

How to Apply for a Cyprus Citizenship

Acquiring Cyprus citizenship entitles a person, amongst others, to live and work in Cyprus without any restriction as well as travel without any formalities within the EU. The requirement for the applicant is a minimum investment of 2 million euro in real estate, land development and infrastructure projects, the applicant also required to keep the

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12 Reason to Choose Cyprus for Investment

12 Reason to Choose Cyprus for Investment

  1. European Union Member State From the 1st of May 2004 Cyprus was accepted as a member of the European Union, fully adopting the Euro as official currency since the 1st January 2008. As a member of the European Union, Cyprus businesses have full access to the EU markets with all privileges entailed.  

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Why Choose to Live in Ayia Napa and Protaras Region

Why Choose to Live in Ayia Napa and Protaras Region

Ayia Napa has retained its village feel and remains one of the safest places in the Mediterranean boasting a very low crime rate. Many have discovered the quiet side of Ayia Napa Protaras, falling in love with it and making it their permanent residence. Ayia Napa offers many things to see and do, below are

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Cyprus Government Promotes New Investment Law

Cyprus Government Promotes New Investment Law

President Nicos Anastasiades has announced that the government is promoting a new investment law to increase investments in Cyprus. Addressing the Cyprus Investment Promotion Agency (CIPA) and the Cyprus Investment Funds Agency (CIFA) 2016 Annual General Meeting, he said that the government inter alia is promoting the new investment law featuring a real one stop

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Citizenship by Investment – Cyprus Ranked 7th

Citizenship by Investment – Cyprus Ranked 7th

The Financial Times group’s Professional Wealth Management recently carried out an analysis of citizenship by investment programmes in which Cyprus ranked 7th out of 12 countries. The analysis focused on ranking the following seven factors for each country: freedom of movement standard of living mandatory travel / residence minimum investment outlay ease of processing due

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Amendment to the Cyprus Income Tax Law

Amendment to the Cyprus Income Tax Law

The Parliament of Cyprus has approved a bill that has taken effect since January 1st, 2017. This bill is an amendment to the Cyprus Income Tax law regarding the individual definition of “resident of the Republic”. The amendment also has effected other tax laws, to the extent where such laws refer to Cyprus tax resident individuals as these are defined in the Cyprus Income Tax Law.

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Cyprus Citizenship by Investment

Cyprus Citizenship by Investment

There are many reasons why citizens of one country would be interested in acquiring citizenship of another country – without forfeiting the first. In fact, the concept of acquiring ‘citizenship by investment’ has grown into a worldwide industry, with the value of different passports often ranked against each other for comparison purposes.

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The Rise and Rise of Cyprus Tourism

The Rise and Rise of Cyprus Tourism

Given the location of Cyprus in the eastern Mediterranean, its climate, safe beaches and clear waters, as well as its proximity to three continents, it’s not surprising that tourism is at the core of the national economy.

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Cyprus: Sun, Sea and Investment

Cyprus: Sun, Sea and Investment

Depending on where you are in the world, Cyprus might be known to you as either a holiday destination, a place to retire in the sun, or a financial services hub. Whatever your vision of this Mediterranean Island, it is invariably linked to its geographical location between East and West, its mild climate and its sandy beaches.

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CYPRUS: Attracting Tourists and Investors Alike

CYPRUS: Attracting Tourists and Investors Alike

The travel market is an interesting animal. Some destinations stand out for their natural beauty. Others have distinctly man-made appeal. But then there is a category that blends the two assets and has a broader following.

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EU Citizenship via Cyprus Investments

EU Citizenship via Cyprus Investments

EU Citizenship is widely acknowledged as a privilege in the hands of those who hold it, while those who don’t often dream of ways and means to acquire it.

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Macronissos: 3rd Best Beach in Cyprus and Greece

Macronissos: 3rd Best Beach in Cyprus and Greece

When Travel Weekly talks, UK holidaymakers listen. On 19 January 2017, Travel Weekly online published an article that made the Mayor of Ayia Napa, Yiannis Karousos, glow with pride!

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Cyprus Property: New Year Revelations!

Cyprus Property: New Year Revelations!

Apart from the holiday celebrations, the end of every year is a time to look back and reflect, in business as much as in our personal lives.

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