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A Brief look into the History of Cyprus

A Brief look into the History of Cyprus

Although Cyprus is a small island in the Mediterranean Sea, it is steeped in history. Civilization has existed on the island since 4,000BC and Cyprus was ravished by invasions and conquered by different civilizations over the years. Even to this day Cyprus has to deal with the Turkish capture of the north of the island which is still under Turkish occupation.

Golfing Residential Estates in Cyprus

Golfing Residential Estates in Cyprus

Golfing estates in Cyprus, offer prestigious, luxurious homes in upmarket developments which are surrounded by an expanse of beautifully maintained greens. Buying a house on a golfing estate is a good investment as land value does not decline. Golf Estates in Cyprus offer a very attractive, luxurious standard of living. Being able to enjoy an expanse of manicured gardens with an array of small animals and birds, and seeing the beautiful scenery unfold in front of you, is a wonderful experience. Since golf courses are a huge expanse of land, people living on the estate will enjoy the ultimate peace and quiet, away from the hustle and bustle of suburban life.

Agrotourism in Cyprus

Agrotourism in Cyprus

Not too far from the coast and the beautiful Mediterranean Sea, is another Cyprus waiting to be discovered. Far from the madding crowds lies the tranquility of rural Cyprus with its small villages, quant churches and mountain retreats. These areas have become part of the Cypriot government’s agro-tourism incentive which is aimed at restoring and preserving the heritage and culture of the villages and attracting visitors who can enjoy these areas for holidays and excursions. The Cyprus countryside has hundreds of picturesque villages, some of which have stood still in time with their few inhabitants still living off the land.

Cyprus Handicraft

Cyprus Handicraft

Steeped in history, Cypriot handicraft is preserved to this day in government sponsored foundations which are committed to keeping this art form alive. Cyprus Handicraft Centers are open in all towns and most villages proud of their heritage, will have a small museum showing their amazing work with anything from basket weaving, to lace making, tapestries, weaving, pottery, leather-work and copper and silverware

Healthcare in Cyprus

Healthcare in Cyprus

 Who is entitled to free or subsidized medical care? Cypriot and EU citizens who are permanent residents in Cyprus are entitled to get a hospital card, whether it is completely free will depend on age, employment and income group. For pensioners and people who work and reside in Cyprus with a low income, medical care is free. Depending on how much you earn you will be able to get a hospital card with reduced charges. For those working in Cyprus, Social Insurance contributions are compulsory and how much is paid will depend on salaries earned. People who contribute social security payments are entitled to free or reduced medical care. The Ministry of Health categorizes patients into those who receive treatment free of charge, those who are entitled to reduced fees and those who have to pay the full amount. This is based on income, number of children, pensioners and chronic illnesses.

Cypriot Wineries

Cypriot Wineries

There is evidence that Cyprus has been producing wine for over 6000 years. The oldest wine, which was proclaimed by Richard the Lionheart, as the wine of kings, is a sweet fortified wine called Commandaria. This wine which is considered to be the oldest named wine worldwide, won the ‘Battle of the Wines’, which is the first recorded wine tasting competition which took place in 1878. Commandaria is still produced to this day, using the same ancient grape varieties.

Finance for Property in Cyprus

Finance for Property in Cyprus

To be entitled to finance your property with the regular loan packages that are offered by the banks, you would have to be a permanent resident in Cyprus for at least 5 years. If you fall within this criteria, you would be allowed to approach any bank in Cyprus and provided you put your property as collateral and can prove you can cover the installments you shouldn’t have a problem being granted a loan. There are packages for first home buyers, holiday homes, for building the house of your dreams and for resale purchases of houses or apartments. You can even apply for a loan to renovate your existing home.  

Golf in Cyprus

Golf in Cyprus

Cyprus now offers award winning golf courses in the most amazing settings overlooking the Mediterranean Sea, most of which are located in the Paphos area. There are currently 4 main golf courses in leisure developments, which include luxury villas and hotels. Due to the great weather in Cyprus, the golf courses are open all the year around.

Buying Property through a Company in Cyprus

Buying Property through a Company in Cyprus

Buying property through a company in comparison to buying as an individual, has many advantages especially with taxes. If you have a limited liability company, you are entitled to buy as much property as you want, without any restrictions. With a company you can purchase any type of property including land without requiring any permission from the Council of Ministers which is the case with non EU citizens buying privately.

How to go about setting up a business in Cyprus

How to go about setting up a business in Cyprus

Cyprus has come a long way in its objective to attract foreign investments. Procedures needed to start a business and register a company have been simplified and in most cases foreign participation can be up to 100%. Now that Cyprus has joined the European Union, EU citizens can open their own business without any restrictions apart from categories in financial services, which are still subject to strict regulations

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