ARTICLE
7 July 2023

Relocate To Cyprus - Useful Information About The Country, Immigration, Passport Etc

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CYAUSE Audit Services Ltd

Contributor

CYAUSE Audit Services is an Audit & Assurance firm with offices in Cyprus and the UAE, regulated by the UK ICAEW, International ACCA, Cyprus ICPAC and UAE ADGM. Our firm has extensive knowledge and experience in relocation consultation, international tax planning solutions and licensing of investment firms, funds and insurance agents / brokers. Our routine day to day services include accounting, audit, tax and advisory services to international businesses interested in relocating or establishing presence to Cyprus. Our memberships with international networks ensure seamless collaboration with overseas experts and access to fast and accurate information on overseas tax and corporate legislations. Our partnerships: BKR International (a USA accounting association ranked number 10 in the world) ; ACCACE Circle (European Network) ; 3E Accounting International (Hong Kong Network)
CYPRUS RELOCATION - THE COMPLETE GUIDE...
Cyprus Accounting and Audit

CYPRUS RELOCATION - THE COMPLETE GUIDE

Facts about Cyprus:

  • Population: About 1.2 million
  • Capital city: Nicosia (also the largest city)
  • Main languages: Greek, Turkish and English
  • Main religion: Christianity
  • Time: GMT+2
  • Currency: Euro (EUR)
  • International dialling code: +357
  • Internet domain: .cy
  • Emergency numbers: 112 (European), 199 (local)
  • Road traffic: Driving on the left

  • Most of the people in Cyprus are english speakers so the communication is effortless
  • Cyprus is one of the safest countries in the world
  • Cypriot culture has been influenced from ancient history; Cyprus was ruled by the ancient Assyrians, Egyptians, and Persians, before falling into the hands of Greeks again when it was conquered by Alexander the Great.
  • Cyprus is the only divided country in the world, in 1974 after the Turkish invasion the island was divided into South and North sides. The South side, also known as the Greek Cypriot side, is a member of the EU. Most people relocating in Cyprus prefer the South side for the economic benefits, safety, legal system and high quality lifestyle.
  • Cypriot hospitality is widely known. If you are hanging out with Cypriot friends don't be surprised if they invite you for dinner at their home!
    Commuting; transportation tickets are cheap, no matter how far you are travelling with a bus (€1.50), however the timetables are not followed, so expect delays. Transportation sector is brand new for Cyprus and there is definitely a possibility for improvement. On the other hand taking a taxi can be perceived as relatively expensive taking into account the short distances within cities
  • Expect traffic, lots of traffic in the 2 main cities, Nicosia and Limassol
  • Sunny weather almost all year around, approximately Cyprus has 300 and 340 sunny days a year and the winter is much warmer than any other countries in Europe.
Cyprus island is characterised by many as the ideal place to live, the residents managed to balance their work life with the calm lifestyle that tha island is providing. If you want to benefit from the Cyprus favourable tax system as an individual or you want to reside in the safest country in Europe this is the ideal place to be.

USEFUL INFORMATION

Feel free to explare our articles, FAQs and very valuable information about the relocation to Cyprus by clicking here. We also have numerous videos on YouTube where we explain the detailed process - click here.

  • Visas and Work Permits
  • Cyprus Accommodation - information expenses etc
  • Cyprus Transportation
  • Cyprus Health Care System (GHS)
  • Telecommunication in Cyprus (TV & Internet)
  • Cyprus Lifestyle / Traditional Food
  • Cyprus Lifestyle / Seaside / Entertainment
  • Cyprus Bank account opening expat
  • Cyprus Tax System
  • Cyprus Company Incorporation

About Us

CYAUSE Audit Services has extensive experience in the insurance industry has helped tens of insurance brokers and agents register and get licensed by the local Cyprus regulator granting them passporting access to the rest of the European Union.

CYAUSE Audit Services is an Audit & Assurance firm with offices in Cyprus and the UAE. During 2015 we have been awarded by I.C.P.A.C and the A.C.C.A (local and international association of Chartered Certified Accountants) for the Quality of our Audit Services and our Office's Procedures.

Being a Truly International Audit & Assurance firm, we have associates from all over the world and we are constantly looking for new associates to expand our network further. At present, CYAUSE Audit Services operates internationally through its membership with BKR International amongst the largest American associations in the world, Accace Circle, a co-created business community of like-minded BPO providers and advisors who deliver outstanding services with elevated customer experience. Our network covers almost 40 jurisdictions with over 2,000 professionals, it supports more than 10,000 customers, mostly mid-size and international Fortune 500 companies from various sectors, and processes at least 170,000 payslips globally.

CYAUSE Audit Services Ltd is also a member of BKR International one of the biggest US Accounting Associations of the word and the 3E Accounting Network, an international accounting network which originates from Hong Kong and has more than 80 members from all over the world.

Learn More about Cyprus Corporate Environment

Information about CYAUSE Audit Services and the Cyprus Corporate & Tax System can be obtained from our Website or our YouTube channel which provides valuable information about the Corporate & Tax Environment of Cyprus.

The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.

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