Investors and progressive business minds cannot deny the fact that Cyprus today is one of the best places to invest. It is well known that the recent discovery of the largest oil and natural gas near to the coast of Cyprus is expected to completely transform the country’s economy over the next decade. A new horizon has opened for the property industry and other major investments in response to the oil and gas that has been found in Cyprus, with big projects as in new Ports and Marine, new Malls and new projects regarding the Tourist and Property Industries which are already planned and under construction. All these upcoming projects offer a huge daily development to the Island making Cyprus one of the most attractive places for investment in Europe.
This is the best time for foreigner investors to invest in Cyprus since, after the global recession, the properties are now on extremely low prices, but not for too long. This is the chance for investors to grab the opportunity today in buying exceptional properties in this beautiful and daily developed Island at the post recession prices and see an impressive and guaranteed return from their investment over the next few years.
Cyprus permit 100% foreign ownership in many cases since many restrictions on the foreign direct investment has been removed. EU investors are now allowed to purchase however much property they wish and non-EU citizens are entitled to Freehold ownership of a property up to 4.000 sqm whether this is a villa, apartment or land.
Cyprus has concluded treaties on double taxation with more than 40 countries and as a member of the Eurozone, has no exchange restrictions. This is the best place for non-residents and foreign investors to invest without restrictions and at the same time benefiting from all that this country has to offer.