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Ten reasons to invest in Cyprus
1. The general price level of property in Cyprus has remained very low in comparison to the UK, or even in comparison to Spain.
2. A relatively low cost of living often accounts for a substantially improved quality of life. Cyprus enjoys a high standard of living with good facilities.
3. The Cyprus economy is characterized by robustness and stability that is evidenced by the favourable evaluations of the European Commission and the International Monetary Fund.
4. The achievements of the Cyprus economy have been recognized by the European Council, which predicted Cyprusâ entry into the Euro by 2008 is a further vote of confidence.
5. Tourism is predicted to grow by 4.6% over the next 10 years, contributing about 13.9% to the country's GDP by 2014. This is good news to property investors looking for a ready market.
6. Cyprus boasts a very efficient land registry system with straightforward and well administered procedures, making property purchase a safe option.
7. Cyprus has a British-based legal system, where English-speaking lawyers abound. A British-based banking system in Cyprus makes choosing mortgages and managing your money similar to the UK.
8. Taking advantage of Cyprus' privileged and strategic geographical location at the crossroads of 3 continents, Cyprus cooperates with neighbouring countries such as Greece, Israel, Lebanon, Syria, and Egypt.
9. Investors can take advantage of fiscal incentives and a relatively low level of taxation.
10. Special tax incentives offered by the Government (e.g., the Double Taxation Treaty existing between the U.K. and Cyprus, allows a U.K. citizen to receive their pensions and investment income in Cyprus, with exemption from U.K. taxes). |
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