Favourable law system for EU citizens
Strategic geographic location
Professional services at logical prices
High communication infrastructure
International banking system & regulations
Strong legal system
Favourable tax regime
Free movement of foreign currency
No restrictions on ownership by EU citizens
Work permit not required for EU citizens
Excellent healthcare facilities
Facilities for foreigners (eg schools)
Low crime rate
Excellent climate (330 sunny days)
...
The banking system and regulations are of European standard. There are international and local banks operating in the island with many branches offering wide and high quality services. Non-Cypriot citizens may open accounts in local and foreign currencies and receive bank facilities like mortgages for buying property in local or foreign currency. Major credit cards are widely used.
...
Traffic moves on the LEFT hand-side of the road. Left hand-side International road traffic signs are in use. The drive wheel is located on the right hand side of the car.
Four lane motorways connect the capital, Nicosia/Lefkosia with the coastal towns of Limassol/Lemesos, Larnaka and Pafos.
Fairly good surfaced roads complying with international traffic requirements link the towns and villages.
Driving licence: one can drive in Cyprus using a valid international driving licence or...
EU citizens are free to move their business in Cyprus and work locally or internationally through a Cyprus company.
Tax benefits
EU citizens do not require a work permit
There are employment possibilities since there are many international & multinational organisations operating on the island
Comparison of personal tax rates between Cyprus and the UK
Cyprus
Scale of 20%-30% for income C£10.001+
UK
Scale of 10%-40% for income £1+
...
Foreign Persons (other than E.U. citizens) who have purchased property and are retiring in Cyprus can apply to obtain this permit. The granting of the permit is based upon the living level of foreign income available to support oneself and this includes pensions and income from investments or otherwise. A proof of an annual income of CY£12,000 is usually considered satisfactory for two retired persons. A foreigner can apply for a Cyprus Passport after 7 years in Cyprus, (E.U. directive for...
The healthcare in Cyprus is extremely efficient and available to all EU residents. First Aid exists in all Government hospitals and attendance to them is without any charge for both locals and foreigners. There is a regional hospital about 6 kilometres away from Psematismenos Village (Santa Marina Villas) and less than that from Oroklini Village (Sun Sea Quality Homes). Those wishing to consult medical experts privately will find a wide choice of competent doctors, specialists and surgeons pract...
Nursery, junior and secondary English speaking schools are available. Tertiary education is provided at the University of Cyprus, as well as at a number of private English language colleges that offer accredited undergraduate courses in various fields such as business studies, marketing, economics, and computer studies.
...
Persons transferring their normal residence in Cyprus are eligible to import duty free their personal property including a vehicle, which latter has been in their possession for a minimum of 6 months before the date of transfer. All personal property should be transferred within 12 months from the date of transfer. Relief is subject to various conditions such as proving that he had his normal residence outside Cyprus for a continuous 12 month period and also proving his intention to settle perma...
Cyprus offers a wide choice of recreation both day and night: restaurants Cyprus tavernas, cafeterias, pubs, regional feasts.
Sport activities: water sports, yachting, golf, skiing.
Music and culture events: Modern and classical concerts, theatre, ballet, opera and other culture events are organised by local and international visiting artists, most of these take place in Lefkosia, the capital of Cyprus, at the British Council, to which everybody can be a member, pay an important part.
Beach...
Cyprus implemented the EUPETS policy that makes it mandatory for pets from EU countries to have an EU passport for movement between member states. Movement from a third country will require an additional EU Health Certificate.
...
|