As a member of the EU with EURO currency, there is not much to write about Cyprus at this point.
Regarding tourism: Cyprus has around 3.2 million arrivals and around 17.6 million overnight stays per year. 60 percent of all tourists in Cyprus come from Great Britain.
What advantages does Cyprus offer, among others?
+ Longest high season in the EU from April to October; Swimming possible until November/December (therefore long occupancy of the hotels!)
+ Highest number of hours of sunshine (over 3,300 hours per year)
+ Lowest tax burden in the EU for companies (12.5%)
+ 0% taxes on dividends and interest income
+ Very attractive from a tax point of view for entrepreneurs and wealthy private individuals.
In cooperation with our local partner company, we offer some attractive hotels in the 2 to 5 star categories for sale. The various hotels each have around 30 to 200 rooms and are located in the tourist towns of Larnaca, Paphos and Protaras (the Greek part in the south).
Prices range from around EUR 3,500,000 to around EUR 20,000,000. Some of the hotels are in need of refurbishment, others are just refurbished up to date. Some owners offer investments with guaranteed ROI backed by bank guarantees. In two of these cases, investment volumes of EUR 10 to 20 million are possible; the hotels are run by renowned international hotel chains. Sale & lease-back deals are also possible. Please contact us with your investment requirements (category, size, investment volume). We will be happy to create an offer that is perfectly tailored to your needs.