About Cyprus

Cyprus is an island unique in its location, tax laws, climate and natural resources. Living in Cyprus is good, owning attractive investment real estate and business in its territory is even better.

The easy tax system and investment citizenship programs annually attract businessmen and tourists from all over the world who want to get an EU passport, invest in real estate, and optimize expenses so that the profits of their enterprises and real estate are not unduly taxed.

In March 2014, the Government of Cyprus adopted an amendment to the law, which allows foreign investors to obtain citizenship of Cyprus (EU) and a Cypriot passport through a special state program.
The essence of the program is that the investor invests in the choice of real estate, government bonds of Cyprus or places money on a bank deposit and as a result receives the citizenship of Cyprus for 6 months for the whole family, including the parents of the investor.

2018 promises Cypriots and citizens of other states who have registered their enterprises in the territory of the Republic of Cyprus, living or owning real estate here, good prospects in terms of taxation and investment programs. Taxes in Cyprus provide a lot of benefits and withstand any competition, and the real estate market remains attractive to both Russian citizens and investors from other countries.

In February 2018, the consulting company Knight Frank published a report on popular directions for buying foreign real estate among Russians. Over the past 2 years, interest in Cyprus real estate has quadrupled.

News & Publications
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04 Oct 2023: The importance of consent in the scope of personal data protection.

  In times when the term “personal data” has been widespread both in the media, as well as the corporate world, perhaps it might be a brilliant opportunity to remember what it actually means in legal terms, and why is it so important. Pursuant to the Charter of Fundamental Rights of the European Union in its’ article 8(1) and the Treaty on the Functioning of the…

07 Mar 2023: MiCA: a highly anticipated new era in Crypto-Assets

Back in September of 2020, the European Commission had presented a proposal for a Regulation on Markets in Crypto-Assets, otherwise referred to as MiCA, in addition to an amendment to the Directive (EU) 2019/1937. The foundations of such initiative find their source in Article 114 of the Treaty on the Functioning of the European Union (TFEU), according to which the EU is competent in suggesting provisions…

13 Feb 2023: The Hellenic Non-Dom tax regime: a pillar of economic security for high-income individuals

The amended provisions of the Tax Law 4646/2019 of the Hellenic Republic which entered into force in the beginning of March of 2020, establish the perfect conditions for high-income individuals to transfer their tax domicile to Greece. Due to this new “non-domicile” regime introduced by the Hellenic government , physical persons who transfer their tax residency to Greece shall receive significant tax deductions on the totality…

13 Feb 2023: Post-trade transparency according to the EU legislation

The European Markets Infrastructure Regulation (EMIR) (EU) No. 648/2012 on OTC entered in vigor on August 16th of 2012 is an EU Regulation on OTC derivatives, central counterparts and trade repositories which has been adopted for the optimization of transparency in derivative markets. The Regulation was inspired by the G20 commitments as agreed upon in Pittsburgh back in September of 2009. The fundamental provisions of EMIR…