Cyprus

The Sweet Land

The island of Cyprus, situated in the eastern basin of the Mediterranean Sea, endowed with an abundance of natural beauties and a mild climate, has been praised by poets and writers throughout the centuries. She has been described in legendary as well as in historic times as the island of Aphrodite, for Aphrodite emerged from the foam of the waves of her clear sea. In medieval times she was called ‘The island of saints’, because of her many saints and the piety of her people. She was also given the title of the ‘Sweet Land’. Cyprus is a land for romantics, dotted with castles, churches, monasteries, mosaics, white-sand beaches and the bluest of seas. Early suitors include Marc Antony, who thought the island so fragrant he gave it to Cleopatra, and Richard the Lionheart, who briefly put down his crossbow to marry there.

Cyprus has recently been ranked the 5th best relocation destination in the world by an international lifestyle review (2014 report prepared by Knight Frank, a leading global real estate consultancy firm). Ranked by key business and leisure indicators, Cyprus was the only European country alongside Switzerland to make it into the top five ahead of London, Madrid and Monaco. Cyprus ranked highly because of its favorable tax regime for new residents, particularly high net worth individuals.
With at least 320 days of sunshine a year, Cyprus was classified the sunniest European location. Also noteworthy, are recent studies conducted by global immigration experts, ranking the Cyprus Investment programme among the ‘top ten best in the world’.

Legal

 

As part of the measures to encourage foreign direct investment and attract high-income individuals to establish and operate in Cyprus the Council of Ministers on 13 September 2016 drew up the “Cypriot Investment Program” and set new criteria and conditions on the basis of which non-Cypriot entrepreneurs / investors and their family members to submit applications on the basis of the “Program” provisions.

Subsequently, the Council of Ministers, in the context of its efforts to further improve the “Cyprus Investment Program”, with the decisions of 9.1.2018 and 21.5.2018 proceeded with the establishment of the Supervisory and Control Committee and the creation of the “Services of the Cyprus Investment Program”. According to these decisions from 1.8.2018, applications under the “Program” will be submitted only by Service Providers registered in the “Register” on the basis of a new updated procedure. These recent revisions have made the Cyprus Investment program more beneficial for investors and families. In virtue of this Law, the Cyprus Council of Ministers may grant citizenship by naturalization to foreign entrepreneurs.

Benefits

Security – Raise your family in a secure and inclusive environment
Freedom – Improve your Global mobility score and enjoy visa-free travel to 168 countries
Opportunity – Live, work and study in any EU member country
Peace of mind – Have Plan B for your family, your business, or your retirement.

Why Choose Cyprus

Your strategic investment hub

 An important hub in the heart of the Mediterranean at the crossroads of Europe, Africa and Asia. Cyprus boasts a rich and diverse culture, mild Mediterranean climate, and a safe and stable setting ideal for raising families. Investors also look at Cyprus for business and investment purposes, recognizing numerous investment opportunities.

Key Drivers for Investors

·       Mobility

·       Quality of life

·       Security

·       Health care and education

A Lifetime Investment

Why choose Cyprus?

At Omnia Associates we assist our clients in choosing the most suitable Cyprus Investment Programme ensuring global mobility for our clients and their families. We evaluate all possible solutions in relation to potential strategies; guide and refer the application for their Cyprus Investment programme to the Cypriot government and follow up strategically to monitor how it is being processed.