MICHAELIDOU & CONSTANTINOU L.L.C

General: Cyprus is a remarkably safe country located at the East Mediterranean. The majority of the population is Greek Orthodox that is highly favorable towards Foreigners. Cyprus has a well establish Foreign communities. Cyprus is the Home away from home for many Foreigners that established prosperous communities over the Island.

Location: Cyprus is located at the Eastern Basin of the Mediterranean Sea. Businesswise the Island has a unique Strategic location since it is close to Europe, close to Middle East and Close to Africa. Cyprus is one hour and twenty minutes flying time from Athens, 2 Hours and 40 minutes flying time from Rome, two hours and twenty minutes from Kiev, 4 hours flying time from London, 50 minutes from Cairo, 3 hours from Dubai.

Time zone: GMT+2

Climate: Mediterranean with hot, dry summers and cool winters. Cyprus has the warmest climate (and warmest winters) in the Mediterranean part of the European Union.

Transportation: Cyprus has two international ports that are capable to serve any kind of commercial vessel. In addition Cyprus has two international Airports that connect the Island with the whole world. Cyprus has an extended network of paved roads and highways that connects every City and every single settlement on the Island.

Government: The Republic of Cyprus, the sovereign state over the island, is a state of law and thus the Human Rights and Freedoms are highly protected. The Republic of Cyprus is a member state of the European Union since 2004 and this membership guarantees the stable patronage of the above said values.

Government Type: The Republic of Cyprus is a Presidential Democracy. The current President of the Republic of Cyprus is Nicos Anastasiades.

Ownership of Land: Ownership of Land is highly protected in The Republic of Cyprus. The Department of Lands and Surveys of Cyprus of the Ministry of the Interior, is the oldest governmental department of the public sector, and started its operations in the year 1858. The initial and main responsibility of the Department, is the identification, registration and recording of immovable property on the island.

Cyprus territory is cartographed by the Governmental Department of Land and Surveys. The Department operates a unified national recording land system. The system contains a legal definition of real property units which accurately reflect the condition on the ground; it facilitates land transfer through a simple and secure system; eliminates the need for extensive searching for a chain of titles like in other countries; it is supported by legislation which requires it to be up to date at all times; all rights are recorded including ownership and restrictions on properties; covers all land including State land, as well as that held by individuals, firms or institutions. All the processes are fully computerized, highly visible, and clearly understood by the public, enabling everybody to have confidence in the system.

Intellectual Property Rights: The Republic of Cyprus takes seriously and Protects Intellectual property and neighboring rights, Trademarks, Patents and Industrial designs through national and EU legislation while is part to the Major I.P. rights international treaties.

Other Important Factors:

76% of the total population of Cyprus speak English.

Cyprus is a remarkably safe country, with very little violent crime. Cars and houses frequently go unlocked.

Cyprus is a Religious Free Country and in addition to the Greek Orthodox and the smallMuslim community, there are also small Hindu, Sikh, Bahá'í, Jewish, Protestant (including Pentecostal), Catholic (including Latin Rite and Maronite) and Armenian Apostolic communities in Cyprus.

Cyprus has been sought as a base for several offshore businesses for its highly developed infrastructure.

Cyprus currently has the highest percentage of citizens of working age who have higher-level education in the EU at 30% which is ahead of Finland's 29.5%. In addition 47% of its population aged 25–34 has tertiary education, which is the highest in the EU. There are just 8 Universities and several Colleges.

The 5.8% of GDP in Cyprus goes to the Health Care Sector of which 51% came from private resources compared with an average of just 25% in the rest of the EU. There are many Public and private Hospitals in every corner of Cyprus thus you will never find yourself helpless or out of care when and if it is needed.