With
its rapid development, the whole
tourist area of Paralimni Municipality
has now been called Protaras, which
covers approximately 10 kilometres
beginning in the north from the
Kapparis area and ending in the
south near Konnos. Protaras’ beaches
are among the best on the island.
Travel north and you’ll discover
isolated coves dotting the coastline,
while eight kilometres to the south
you’ll find the 24-hour party
town of Ayia Napa.
Reasons to invest in Cyprus include:
* All year round excellent weather
- Hot summers and mild winters
with rainfall make it one of the
healthiest climates in the World
* Beautiful beaches and ancient
monuments
* Multi-culture with strong UK,
Greek, middle Eastern and Turkish
influences
* Excellent existing infrastructure
* Regular cheap access via low
cost airlines from many UK airports
with short flight times
Economic
* One of the fastest growing property
markets in Europe
* Full EU member country
* Property prices increasing at
around 20% per annum
* Booming holiday rental market
with huge increase in tourism
* Favorable tax regime of only
10% corporate tax and double taxation
with 40 countries
* Pension Income is only taxed
at 5%
* No inheritance tax on all estate
property all over the world for
permanent residents
* Highly developed infrastructure,
excellent telecommunications and
transport
* Very strong and growing tourist
industry
* Very efficient accounting and
banking services
* Legal system according to English
Standards
* Bilateral investment agreements
with 16 countries
* Properties in Cyprus are significantly
lower than competitive markets
of Portugal , Spain and France
* Very economically stable
* Low cost of living
* Free market economy
* Low legal fees
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