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Favourable
Business Benefits
Banking System
Cyprus boasts a globally acclaimed banking system, offering a wide range of advanced customised services for businesses as well as individuals. Cyprus’ Central Bank constantly monitors and assesses the stability of the island’s financial system. It also supervises all of the banks active on the island and is the official banking business licensing authority.
Legal System
Cyprus is a common law jurisdiction. Due to its British heritage, Cypriot law is reliant on precedent extracted from the British common law. This assures stability and finality. Cyprus’ legal system is based on a two-tier court system. First tier courts are the District & Criminal courts in each city, handling Civil & Criminal matters respectively. The second-tier court is the Supreme Court – the Republic’s highest – located in the capital, Nicosia, responsible for the justification of laws, preservation of human rights as well as acting as the admiralty, administrative and appeal court.
Governance
Cyprus is a presidential republic with a democratic election of its president every 5 years. Cyprus’ constitution assures a clear separation of powers. The Council of Ministers exercises executive power and is appointed as well as chaired by the President of the Republic. The House of Representatives exercises legislative power. The system assures equality, openness, fairness, growth, consistency, peace and spread of power making the island appealing to global citizens and investors.
CAREFREE LIFESTYLE
Advantages of Living in
Cyprus
Low Crime
Rate
Year-round
Sunshine
High & Affordable
Healthcare Standards
Excellent Tourist
Infrastructure
High Education
Standards
Favourable
Tax Rates
THERE’S MORE
High Living
Life is meant to be enjoyed in Cyprus, where emphasis is put on working to live, as opposed to living for work. Numerous experiences await both residents and visitors!
