It is an ideal place for a second home, permanent residence or safe investments in real estate. There is a high level of educational services. There are public and private high level schools intended for students who speak English, French, Russian and Italian. Cyprus is more economical in terms of an income tax, an inheritance tax, a property tax and its cost, ease of purchase housing, a health care service, the climate and the culture. The system of taxation is particularly cost-effective (in Cyprus there is the lowest corporate tax in Europe, at the rate of 10%). It has one of the most promising economies in Europe. Casual and leisurely Mediterranean lifestyle creates a quiet relaxing atmosphere for visitors and residents of Cyprus. At the same time, the cost of living in Cyprus is much lower than in other Mediterranean countries.