If you have an existing business - or have a life-long desire to 'go out on your own' an option exists in Cypriot law to transfer your residency to the sunny climes of the mediterranean island.
The country is interested in attracting investors and entrepreneurs to who have innovative business ideas to locate on the island and benefit from the trading opportunities presented by its location in the European Union block of countries.
The requirement to be innovative has some teeth, for example, 10% of the the business' operating costs must be dedicated to 'research and development' - this can be evidenced either by an external auditor if the business is already in operation or, in the business plan if the business does not yet exist.
Our lawyers can assist with building a suitable business plan.