In a world of financial turbulence Cyprus is a comparative oasis of calm and stability. What was once mainly regarded as a Mediterranean island paradise is now assuming increasing importance and influence as an international financial centre. The capital - Nicosia - continues to attract world class banks, financial services organisations and management accountancy firms as a base for their operations in the wider Eastern Mediterranean region.

Although Cyprus is renowned for its superb sub-tropical weather, it is no coincidence that it also enjoys a well earned reputation for having a friendly financial climate.

With some of the lowest levels of personal and corporation tax in Europe, the authorities in Cyprus promote a welcoming and positive attitude towards commerce - and the role the played by the individual in achieving economic success. The benefits extend to people and organisations choosing to establish or transfer their business interests and tax domicile to the country. Cyprus enjoys double taxation treaties with forty countries and is aligned with those progressive economies with  sights set firmly on future growth and prosperity.

Retirement here is a financial pleasure, with generous allowances and a nominal 5% personal taxation rate on pension income. The absence of Inheritance Tax means that, although 'you can't take it with you', what you do leave behind can be for the benefit of those you choose. 

For these reasons alone, Cyprus merits serious consideration as a location for permanent living or tax residency. As part of a properly structured financial appraisal, real estate is often a prime candidate for asset acquisition and optimising the value of a portfolio. With direct access to leading sources of corporate and personal financial advice in Cyprus, there is full transparency on the options available for making an informed decision. 

Naturally, the situation that applies will vary from individual to individual - and similarly for companies reviewing their options. In any event, the application of due diligence by those providing professional opinion and advice is of critical importance when deciding the way forward.