With a strategic geographical location in the middle of three continents, namely Asia, Europe and Africa, Cyprus is the third largest island in the Mediterranean Sea and the natural gateway to the Middle East.

A sovereign European country, Cyprus is a member of the European Union, with a cultural heritage so rich that is lost in the centuries, yet an island that patiently awaits to be explored and re-discovered, offering an unparalleled level of quality of life which is second to none. 

With more than 30 years of experience as an international business centre that is supported by an abundance of highly-skilled professionals and complemented by a modern and investor friendly EU compliant tax system, a solid, impartial and credible legal system that is based on common law principles and a welcoming attitude towards expatriates, Cyprus is naturally the ideal hub for business and trade. 

We at KPMG in Cyprus, hope that in the context of this brochure you can discover the endless opportunities and the many benefits that Cyprus has to offer to families and businesses alike and we look forward to meeting you in person.

Within this guide, you will find information concerning:

• Reasons to invest in Cyprus 
• Main sectors of the cypriot economy
• The corporate tax system
• Tax residency and non-domicile rules for individuals
• Income tax rates
• Concessions available to expatriates
• Eligible criteria for granting the cypriot citizenship by investment
• How KPMG can help