Moving to Cyprus – The #1 Easy Compact Guide
Moving to Cyprus:
A brief overview
Cyprus is the 3rd largest island in the Mediterranean Sea located at the far eastern end of Europe creating a link between 3 continents (Europe – Africa – Asia).
This island nation has a rich cultural history dating back almost 10,000 years, as well as nice weather with almost year-round sunshine. Cyprus benefits from a strong legal and tax system with experience as an excellent international business center.
What’s it like living in Cyprus?
Cyprus offers a stress-free way of life ideal for people seeking a balance between business and pleasure. People can experience a high-quality of living with a pleasant Mediterranean climate and year-round sunshine. Cyprus is known for its fantastic beaches, crystal clear waters and wonderful mountains along with their picturesque villages.
Comfortable Island Living
- Strategic geographical location at the crossroads of 3 continents
- Easily accessible by air – Major airports in Paphos and Larnaca
- Western style democracy
- Legal system based on English Law
- Stable economy
Safe and Family Friendly
- Relatively low cost of living
- Crime rate is low
- Education available at all levels (from kindergarten to university)
- Reliable telecommunications network
- High-standard banking facilities
- Good Healthcare system
Amazing Lifestyle
- Fantastic Mediterranean climate
- Stunning beaches and coastline
- Cleanest bathing waters in Europe
- Most “Blue-flag” beaches per coastline in the world
- High quality tourist facilities
- Enjoy local and international cuisine
Why Cyprus? The Big 3
#1 – It’s a SAFE HAVEN
- 5th safest country worldwide
- One of the lowest rates of pollution in the world
- One of the lowest crime rates in the EU
#2 – It’s FINANCIALLY SECURE
- Access to European markets
- Incentivized tax system for companies
#3 – It’s an IDEAL LIFESTYLE
- High quality Mediterranean living
- Live in the EU with easy access to 3 continents
- English widely spoken
Education
High-standard educational intuitions exist in Cyprus with access to public schools, private international schools, colleges and universities. Educational facilities are available in all major districts of Cyprus.
Infrastructure
Cyprus offers advanced and modern infrastructure with major highways connecting all major cities, advanced telecommunications in place, modern international airport with connections to major destinations as well as luxury marinas and golf resorts.
Economy
Tourism is one of the major drivers of the Cypriot economy with contributing 25% of Cypriot Gross Value Added (GVA) in 2019. Other major contributors to the economy are wholesale & retail trade, real estate & construction, and financial & insurance activities.
Cyprus: Quick Tax Facts
Benefits of Cyprus Permanent Residency (Fast-Track)
USE THE RESIDENCY AS YOU NEED
You have the right to live freely in Cyprus or continue to live in your country of origin.
IT COVERS THE WHOLE FAMILY
Including dependants and parents of main applicant and spouse
YOU CAN SETUP A BUSINESS
Permit holders can own a business in Cyprus, or setup a Cyprus company as an intermediary for export trading throughout the world, thus benefiting from Cyprus’ excellent business and tax advantages.
GRANTED WITHIN 2 MONTHS
Permit holders must enter the country every 2 years to retain residency. Permit is valid for life.
ADDITIONAL BENEFITS
- No language requirements
- High-standard educational institutions and healthcare facilities
- Lower tuition fees for non-EU Cypriot PR holders
- Property acquired in freehold
- Enjoy access to beaches and tourist destinations in Cyprus
- Modern airports with connections to major destinations
NORMAL PROCESS VS FAST-TRACK
The Cyprus Government offers Cyprus residency to non-EU nationals who invest in Cyprus Real Estate. There are two ways to secure Cyprus Permanent Residency.
- Fast Track Residency (Under regulation 6(2))
- Normal Process (Under regulation F Category)
Learn more: Cyprus Permanent Residency
What else should I know?
The island is still divided
There have been many resolutions put forth for unification of the island as well as a two-state solution however negotiations between the Republic of Cyprus and the Turkish Republic of North Cyprus (TRNC) are ongoing to this day.
How does Brexit effect UK visitors?
UK citizens can travel up to 90 days in any 180-day period without obtaining a visa. To stay longer than the visa free period you must meet entry requirement as stipulated by the Cyprus Government.
You’ll probably need a car
The Cyprus public transport network can only get you so far. It’s not possible to access many parts of this beautiful island without a car so you may as well use one.
Cyprus is a popular destination for English expats
Cyprus receives most of it’s tourist arrivals from the UK with over 1 million UK tourist arrivals per year in the years preceding 2020! There are countless English style pubs, clubs and cultural aspects which have established themselves into the Cypriot ways of living.
I know the basics about Cyprus. Now what?
Taking the steps to move to another country can be frustrating, time consuming and complicated without the right knowledge and understanding. Every individual case is different when deciding to relocate to Cyprus. Our expert team is here to help you.
If you’re thinking of your next move and need some guidance then get in touch with us today.
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