Located in the continent of Europe, Cyprus covers 9,241 square kilometers of land and 10 square kilometers of water, making it the 172nd largest nation in the world with a total area of 9,251 square kilometers is an island country in the Eastern Mediterranean and the third largest and third most populated island in the Mediterranean.
With an advanced, high-income economy and a very high Human Development Index, the Republic of Cyprus has been a member of the Commonwealth since 1961 and was a founding member of the Non-Aligned Movement until it joined the European Union on 1 May 2004.
On 1st of the January 2008, the Republic of Cyprus joined the eurozone. The island is an ideal investment gateway to the European Union, as well as a portal for investment outside the EU, particularly into the Middle East, India and China. As a member of the wider EU and Eurozone community, Cyprus ensures safety and stability for investors, while also offering them market access to more than 500 million EU citizens.
Moreover, Cyprus offers an attractive and transparent tax regime, fully compliant with EU, OECD, and international laws and regulations. Providing access to an extensive network of more than 60 Double Tax Treaties, and maintaining a corporate tax rate of 12.5%, one of the lowest in the EU, Cyprus offers international investors and domestic businesses confidence to invest, grow and prosper.
Cyprus is generally a safe country and experiences less violent crime than other European countries of similar size. Rates of street crimes (pickpocketing, purse snatchings, other petty crimes) remain steady. Muggings, armed robbery, and harassment are uncommon but have been reported by local media. According to the Passport Index, which tabulates the number of countries that holders of passports can enter either visa-free or by gaining a visa on arrival, holders of the European’s travel documents can cross borders most smoothly.
The Cypriot passport ranks among the strongest in the world, as its holders are able to travel to 160 countries without a visa.