News for international Investors

• CYPRUS-The lowest taxed country in the European Union:  
  The  financial magazine Forbes annually measures the tax burden of a number of countries called the Misery Index. Compared to the previous survey Cyprus has replaced Ireland as the country within the European Union that offers the lowest overall burden of taxation.
  
  Globally, Cyprus is ranked as the third lowest taxed country of the 50 countries included in the survey.
  
  The country with the highest overall taxation of all countries is France. France received 174.8 points in the survey compared with Ireland 90,3 and Cyprus 74,3. The lowest overall taxation has the United Arab Emirates UAE, which scored 18,0 points only.
  
  The results further underline Cyprus attractiveness as financial centre for International companies, Businessmen and international property investors in search of correct ways to utilize international tax planning in order to minimize the level of taxation and maximize return on Capital Growth and Profits.

• Cyprus one of the most popular overseas property destination      A high quality of life, relatively inexpensive living costs and great climate has seen investors becoming more interested despite the financial crisis of 2009. In comparison with other Medditerrenean countries, Cyprus is still a Golden Spot for investment according to European experts.
  
  "With tourism booming and the reputation Cyprus has for attracting repeat and loyal visitors, rental demand continues to outstrip supply." 
  
  It is estimated that more than 2.5 million tourist will visit the island in 2010. Top tourist and property investment destinations  are Paphos, Larnaca and Famagusta area and Limassol