What Kind of Cool Things Happen in Cyprus?
An ground-breaking initiative called EONIOS is revolutionizing marine conservation off Cyprus’ coast by deploying a fleet of autonomous underwater drones. These compact submersibles, currently being tested near Ayia Napa’s marina, will monitor and safeguard artificial reefs designed to revive marine ecosystems in barren seabed areas, particularly around Limassol at a depth of about 20 meters (66 feet), where sunlight still reaches.
Equipped with advanced sensors and high-definition cameras, the drones offer cost-effective surveillance, 3D mapping, and protection compared to traditional tethered systems. Zakarias Siokouros, CEO of the Cyprus Marine and Maritime Institute (CMMI), calls this the next frontier in underwater monitoring. The reefs, crafted using eco-friendly 3D-printed cement, create habitats to attract fish and marine vegetation, while the drones recharge and send data, including video footage, back to researchers.
Collaborating with French company Arkeocean, Cypriot firm SignalGeneriX, and French consultancy Lanego, this project not only enhances Cyprus’ marine biodiversity but also positions it as a hub for cutting-edge technology. For investors, Cyprus’ non-dom tax benefits and innovative projects like EONIOS make it an attractive destination for wealth-building opportunities.
Invest and Have Peace of Mind that your assets are in good hands - Your hands
Cyprus offers inventors significant benefits through its non-domicile (non-dom) tax status, making it an attractive destination for innovation and wealth preservation. Non-doms, who haven’t been tax residents in Cyprus for 17 of the last 20 years, enjoy tax exemptions on dividends, interest, and capital gains from worldwide sources, except for immovable property in Cyprus. This allows inventors to reinvest profits from patents, royalties, or startups tax-free for up to 17 years, minimizing financial burdens. Additionally, Cyprus imposes no wealth, inheritance, or gift taxes, enabling inventors to protect and transfer intellectual property and assets efficiently. With a low corporate tax rate of 12.5% and access to over 60 double tax treaties, inventors can optimize their tax obligations while leveraging Cyprus’ strategic location and business-friendly environment, fostering innovation and global market access.
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