The trendsetting company is buying the most expensive property in Cyprus.

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Villa Santa Barbara, a luxurious building with a modern exterior and five floors, was built in2013 and combines the latest technologies with environmentally friendly materials and design.

Exness established its operations in Cyprus ten years ago.

Last year, the CEO of the company, Petr Valov, called Cyprus the "Singapore of the Mediterranean" and a potential center between Europe, Russia, and the Middle East while the company was lobbying the government to simplify visa rules for foreign employees. "We are pleased that Cyprus has recognized the existence of the IT industry," Valov said in an interview with Invest Cyprus in September2021, adding that the island could attract companies and talent from around the world. According to the CEO, Exness makes money overseas and pays salaries in Cyprus, which has a positive impact on the local economy.

Cyprus has long attracted foreign companies, but Limassol has gone further as company representatives and professionals in the southern city urged the government to implement business-friendly policies more promptly.