Skyy Consulting Ltd Paphos – Cyprus is an island strategically located south of Turkey and east of Syria between Europe, Asia and Africa. It is the third largest island in the Mediterranean Sea and it is a republic, a member of the European Union (EU) since 2004, with a per capita GDP well above the EU average, and probably the best tax environment in the EU (the lowest corporate tax (10%), no capital gains on shares and virtually no inheritance tax). Cyprus also has one of the lowest crime rates in Europe and a native population accustomed to co-existence with a variety of cultures. Cyprus has a very particular type of climate with mainly plentiful sunshine, long dry summers followed by increasingly mild winters. On some hot July and August days temperatures can reach 110 F while in the cold winter days temperatures by the coast can drop down to 40 F while on the mountains (2000 meters above sea level) can go well below 32 F and it snows.