Cyprus is situated in the Eastern Mediterranean at the cross roads of three continents. The island's strategic location has shaped its history and civilization throughout the centuries. Its excellent infrastructure, high quality of life, low cost of living and generous tax incentives attract people to the island from all over the world.
Cyprus is an island of tradition, charm and romance. With 9000 years of legend and history there is much to enchant you. Mountainous villages, crystal clear waters, sandy beaches, green valleys and beautiful landscapes, all bathed in sunshine for 340 days each year.
Most important of all is the all-embracing warm hospitality of the Cypriot people - Kalosorisate - welcome to our island!
Entry formalities are very simple. All citizens of EU member countries may enter Cyprus on presentation of their identification card only. No vaccination is required when entering the island.
Cypriots are a mixture of many trading nations on the Mediterranean. The people are open, frank and friendly to foreigners while being astute businessmen. They are among the most hospitable people on earth, always making you feel at home on the island.
During the Copenhagen European Council in December 2002, Cyprus officially confirmed the successful completion of the accession negotiations and was invited to join the European Union on 1st May 2004. The European Commission has facilitated the accession negotiations, organising the acquis communautaire into 31 Chapters. Cyprus begun its accession negotiations with the EU in March 1998 and has successfully completed them during the Copenhagen European Council in December 2002, where it officially confirmed the closure of the last three outstanding chapters, the ones of Agriculture, Financial and Budgetary Provisions and Other. The benefits to Cyprus as a whole from membership of the EU will be quite substantial, with the whole population of the island benefiting from political, economic, social, environmental and other advantages. Also, it is worth noting that the EU is Cyprus' main trading partner accounting for approximately 50% of total trade, the United Kingdom being Cyprus' main export destination.
Further, Cyprus is a member of the United Nations, the Council of Europe, the British Commonwealth and also a member of the Non-Aligned Movement.
Double Taxation Agreements
Cyprus has double-taxation agreements with Austria, Bulgaria, Canada the People's Republic of China, the Czech Republic, Denmark, Egypt, France, Germany, Greece, Hungary, India, Ireland, Italy, Kuwait, Malta, Norway, Poland, Romania, Russia, (Armenia, Belarus, Kurdistan, Moldova, Tajikistan, Turkmenistan and Ukraine) Slovakia, South Africa, Sweden, Syria, the United Kingdom, the United States, Yugoslavia (Serbia and Montenegro) and other countries.
The main purpose of these treaties is the avoidance of double taxation of income earned in any of the above countries. A credit is usually allowed against the tax levied by the country of the tax payer's residence for taxes levied in the other country.
Duty Free Privileges
Europeans who become permanent residents in Cyprus and who were using a car in their country for at least six months, can bring their car to Cyprus and they will not pay import tax.
Furniture can be imported free of any taxes by Europeans or Non-Europeans who become permanent residents provided that they are for personal use and are not brand new.