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M. Paraschou Law

Why the Lebanese Choose Cyprus: Move, Live & Invest

For many years now, Cyprus has been a popular destination for many Lebanese families and enterprises. 

The civil war a few decades ago and the recent economic crisis, has led many Lebanese investors to look for safe destinations outside of Lebanon, Cyprus being one of their first choices.  

The proximity of the two countries is only one of the reasons why people from Lebanon choose Cyprus to move, live and invest. 

Some big Lebanese companies are already moving to Cyprus and business owners say that they chose Cyprus to expand their operations for a few reasons.

First of all, Cyprus is close to homeland and it’s also a gateway between east and west. 

Additionally, while the economic situation in Lebanon is deteriorating, in Cyprus, there is economic growth.  

According to a Lebanese land developer, people in Lebanon have difficulties in getting their money out of the banks, due to the undeclared capital control restrictions. 

This has led many Lebanese to invest in real estate assets, preferably out of Lebanon.  He chose Cyprus to expand his business operations and he is excited that the future seems bright for his company already.

Another prominent Lebanese investor, who is in the business of web design and development services, has expressed publicly her plans of relocating her entire company to Cyprus.

Other Lebanese investors have said that they chose Cyprus because of the proximity to Lebanon, which means a similar weather and an easy transition in terms of environment, people and mentality. 

New Business Relocation Scheme

One of the main difficulties faced when relocating to Cyprus is that of obtaining the necessary visas and permits.

Cautious of these difficulties, the Cyprus government is now putting together a new bundle of incentives to facilitate businesses and families to move and headquarter their operating in Cyprus.

This scheme is also expected to include a simplified visa application procedure or even additional allowances for non-EU employees.

Cyprus is the gate to the European market and a prime choice to move, live and invest.

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