Record Numbers of Tourists in North Cyprus This Year

Located North-East of the Mediterranean basin, Cyprus is the third largest island in the area, spreading on 9,251 square kilometers (3,572 square miles). The tourism in this country has an important role in the economy, having a key impact on the local culture and its development throughout the decades.
As follows, our lawyers in Cyprus would like to inform you about the latest news on tourism in Cyprus.

Record visitors in the North area at the beginning of 2017

It has been reported that an all-time record high number of tourists have traveled to the North area with arrivals from outside of the country in the first five months of this year. Our attorneys in Cyprus can help you open a company in tourism.
Starting with January until May of 2017, the arrivals of tourists from Turkey rose by 23%, with Turkish citizens reaching 293,000. 
Overnight accommodations at hotels by Turkish citizens registered a 20% increase. Also, a bewildering 98% increase was registered for overnight accommodations by other nationality citizens, reaching 683,000. Our Cypriot lawyers can offer information on the tourism legislation.

Cypriot tourism in the future

Cyprus has started an ambitious strategy meant to increase both visitor arrivals and the tourism revenues, with the objective of creating 47,000 jobs by 2030.
Simultaneously, Cyprus intends to attract EUR 20 billion in new investments and to double the share of the tourism in the local economy. Our attorneys in Cyprus can advise on the requirements for setting up a business in tourism.
The new strategy intends to redefine Cyprus as a key holiday destination, able to attract visitors with a greater spending power and who have an average per capita expenditure of around EUR 250-500 daily.
In order to achieve this objective, Cyprus has to undergo a complex progression and refinement of the current tourism product, a move meant to attract the EUR 20 billion in private investment in the following 14 years.
For more about the tourism legislation in Cyprus, please get in touch with our law firm in Cyprus