During the past few decades, Cyprus has been under assessment to
be able to enter the Schengen Information System (SIS).

Joining the SIS is a significant step towards the imminent final
step of Cyprus joining the Schengen Zone.

SIS is a public security initiative through which Member States
created a shared database to accommodate a few purposes such as:
border control, policing, public security. The database which
includes data for over 90 million individuals is being heavily used
to identify criminals, missing persons as well as stolen high value
goods.

The above news will be a boost to Cyprus’s economy both from
a tourism (all year) perspective as well as a corporate
perspective, as it enhances the feel of security both for tourists
visiting the island, as well as for businesses that aim to relocate
their offices to Cyprus.

Having been engaged in multiple global tax mobility projects for
many years now, Eurofast team with over 35 high-skilled
professionals are in position to facilitate relocation of
executives and/or companies to Cyprus and handle the whole process
at our best.

The content of this article is intended to provide a general
guide to the subject matter. Specialist advice should be sought
about your specific circumstances.