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ARTICLE · 25 JULY 2023

An Introduction To Private Wealth Law

A.G. Erotocritou LLC
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Cyprus, although a small country with a population of less than 1 million, has over the last few years attracted HNWI (high net worth individuals) who are looking to either relocate to another country...

CyprusFamily and Matrimonial
A.G. Erotocritou LLC
A.G. Erotocritou LLC
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The Landscape

Cyprus, although a small country with a population of less than 1 million, has over the last few years attracted HNWI (high net worth individuals) who are looking to either relocate to another country for tax or business reasons or because of the unique features of the island and its offering.

Since COVID-19 and the war in Ukraine, Cyprus has sought to attract even more HNWI as such individuals have been re-assessing their priorities and a jurisdiction like Cyprus, for the reasons set out below, is very strategic and highly attractive.

Headquartering in Cyprus

Cyprus has recently implemented an action plan, called "Strategy for Attracting Businesses for Activities or/and Expansion of their Activities in Cyprus" with an aim to attract HNWI and their businesses, and indirectly to attract talent.

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