Why should American investors consider gaining long term residency in Cyprus?

Are there any tax incentives? Would I be able to do business with European firms that have offices in outside of Cyprus?

Answers

On Celia Pourgoura answered:

Obtaining residency in Cyprus can also bring opportunities in obtaining tax residency and the non-dom status for an individual. In order to be able to obtain the non-dom status by remaining in Cyprus, the applicant will need to be registered as a Cyprus tax resident.