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Cyprus lies where history, continents, rich scenery and quality of life meet. The island has received a lot of foreigners during the last years and it has attracted millions of tourists, becoming a...

Reviewed by Gregoris Philippou, Managing Partner
Cyprus Bar Association (since 2013)
Cyprus lies where history, continents, rich scenery, and quality of life meet. The island has received a lot of foreigners in recent years and has attracted millions of tourists, becoming a must-see destination in Europe. Known for its eternal summer, Cyprus enjoys 300 to 340 sunny days a year, making its climate a healthy environment for everyone who commits to it. It is also one of the countries with the lowest air pollution in the European Union.
Moving abroad can be a tough and challenging experience. While philosophers and modern writers suggest that leaving one's comfort zone broadens horizons, sometimes these quotes feel less applicable. However, Cyprus has developed into a business-oriented hub, rapidly expanding its impact and attracting numerous investors worldwide. High living standards, top-notch quality of life, and a sense of security make Cyprus an appealing destination.
Cyprus is known for its friendly residents and excellent life quality, making it a popular choice for retirees and families alike.
The little jewel of the Mediterranean Sea offers exceptional life quality. The healthcare system is excellent, providing free medical care even for foreigners residing on the island. Food quality is high, services are well-established, and the people are friendly. The island is a fusion of mountains and seaside, with short distances making routes flexible. Prices are reasonable, and the economy is gradually growing. Cypriots balance personal and working life, enjoying experiences like coffee breaks and brunch with friends and family. Low crime rates make life safer, especially for families.
Eternally blistering summers cover the island almost all year long, lifting spirits and transforming the scenery into a feast of lights, colors, and warmth. With 340 days of sunlight, winters are mild, allowing activities from swimming in the crystal-clear sea to skiing in Troodos mountains.
Cyprus boasts one of the lowest air pollution levels in the EU, contributing to its healthy environment.
The attractive tax system, with one of the lowest corporate tax rates in the European Union at 15%, encourages foreign investment. There are no succession taxes, and exemptions from tax on gains from the disposal of securities further facilitate investment.
Cyprus is a strategic investment location, positioned at the intersection of Europe, Asia, and Africa. Tourism and hospitality have traditionally driven economic growth, with real estate also attracting global investors. The island has the potential to develop into an energy hub in the Mediterranean.
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Cyprus is considered one of the safest places in Europe, with low crime rates and a family-oriented culture. Children can safely engage in outdoor activities, and locals, expats, and tourists are advised to exercise standard precautions.
Compared to the rest of Europe, the cost of living in Cyprus is average. Food is affordable, while housing prices vary by city and zone. Electricity rates are high, but water is cheap, and healthcare is accessible to everyone through salary deductions for public health.
All in all, Cyprus offers a contemporary lifestyle in a safe environment, with warm weather and friendly locals. It's an amazing place for youngsters, families, and retirees. If you have the chance to move to Cyprus, go ahead and try it out. Chances are, the sunlight will always be there to welcome you.
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Managing Partner
Managing Partner with a distinguished career in corporate and commercial law, trust law, tax law, property law, litigation, and immigration law. First-Class LL.B. from the University of Leicester and LL.M. from the University of Cambridge.
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