Replubliek Cyprus

Tourism in Cyprus takes a dominant position in the economy. Moreover, it has greatly affected Cyprus culture and multinational development throughout the decades. In 2006, the tourism industry generated 5,445 million USD or 10.7% of the GDP and 113,000 jobs. With approximately 3 million tourist arrivals every year, it is the 40th most popular destination in the world and ranks 6th in terms of per capita. More than 80% of visitors come from Western Eastern and Northern Europe, while British tourists remain the most common.

Cyprus also offers citizenship by investment programme that is established by Cyprus Developers Alliance jointly with KPMG. The programme offers a second citizenship in exchange of 2 million EUR to be invested in real estate for 3 years. The citizenship is granted within 3 months. This program has attracted over 3 billion euros of direct investments into the economy of the Republic of Cyprus.