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About Cyprus
Steeped in myth, legend and tradition,
Cyprus has a heritage that includes over 9,000 years of history. The
third largest island in the Mediterranean and a meeting point between
three continents, Cyprus is a unique blend of rich history and modern
European living. The island's landscape, from sandy beaches to pine-covered
mountains, is as varied as its cultural presence is diverse. With its
ideal climate, friendly welcome and prospering economy, Cyprus is a first
choice for investing in a home away from home. |
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Government & International Relations
Cyprus is an independent sovereign republic with a democratic
presidential system of government. Individual rights are upheld
by an independent judiciary and the legal system that is based
on the British system of law, with an advanced and reliable Land
Registry Office. Cyprus is also a member state of the United
Nations and the Commonwealth and, as of 1 May 2004, also a full
member of the European Union.
Outcome of EU Membership
The island's EU membership now allows for increased freedom
of movement of European citizens to the island, as well as freedom
to establish businesses and take up employment. Existing legal
constraints on ownership of freehold property, foreign investors
and company residential purchases will gradually be lifted, which
will, in turn, mean stable and increasing returns on property
investments on the island.
Economy & Banking
Cyprus enjoys a prospering, stable economy. With full employment
and rapid growth, Cyprus ranks among the high-income countries
of the world, while the cost of living compares favourably to
that of the UK and other European countries, ensuring a high
standard of living.
Also based on the British system, banks in Cyprus offer advanced
and efficient services to individuals and businesses across the
island, with branches overseas. Many international banks also
have networks throughout the island.
Quality of Life
With a remarkably low crime rate, 1/6 of the European average,
Cyprus offers the security and peace of mind that is key to feeling
comfortable in your new home away from home. According to Interpol
statistics, Cyprus' crime rate is only 6% of the UK's crime rate,
8% of Germany's, 30% of Portugal and Spain's, 5% of Sweden's
and 12% of Norway's.
Goods and services in Cyprus are more reasonably priced but
of the same standard as their European counterparts. Local markets
offer an abundance of fresh fruit and vegetables, fish and meat
at a fraction of European prices, while large, modern supermarkets
store a full range of local and imported goods and delicacies.
Climate, Language & People
Cyprus enjoys one of the healthiest climates in the world, with
mild winters, long, warm summers and over 330 days of sunshine
a year allowing residents to enjoy outdoor activities all year
round. English is widely spoken, allowing foreign residents to
easily blend in and feel at home. Cyprus is well-known for its
warm welcome and friendly population.
Healthcare & Insurance
Medical services in Cyprus are of a very high standard and affordable.
Most doctors have been educated and trained in the UK, Europe
or the USA, and provide private consultations.
Education
In addition to public schools, Cyprus also has private elementary
and secondary schools for international pupils. Higher education
is offered at the University of Cyprus and other private colleges,
where accredited courses in undergraduate and graduate studies
are taught in English, with a wide range of fields available
to choose from. These colleges are affiliated to British and
American universities, and graduates of two to three year courses
can easily enrol with their UK/USA related universities.
International Connections
The island's international airports in Larnaca and Paphos, and
the ports of Larnaca and Limassol, connect Cyprus to all the
countries of the world. Over 30 airlines, led by the island's
national carrier, operate regular flights to more than 260 international
destinations, while shipping services, including cruise lines
and cargo, are provided by the island's merchant fleet, the fifth
largest in the world.
Communications
Cyprus' telecommunications facilities rank third highest in
the world. Direct dial access to over 200 countries is provided,
as well as modern cellular phone networks and services, and advanced
Internet connections, including ISDN.
Radio, TV and satellite services are readily available in English,
with many international print media available in local newsagents.
Driving
As in the UK, cars in Cyprus are right-hand drive and are driven
on the left side of the road, while signs are displayed in both
Greek and English. Short distances between towns and a well-developed
network of roads and motorways make travelling on the island
convenient and safe. A valid driver's license from your home
country or an international driver's license permits you to drive
legally in Cyprus.
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