Beyond tax benefits, ease of doing business and low set up costs, lie the natural and historical beauties of this beautiful island in the Mediterranean sea!
Cyprus, an island nation in the Mediterranean, is attracting expats from around the globe, drawn by its stunning landscapes, vibrant culture, and welcoming community. Situated south of Turkey and southeast of Greece, Cyprus is the third-largest island in the Mediterranean, offering a unique blend of European, Asian and African influences.
1. The Allure of the Mediterranean
Climate
Cyprus is synonymous with fantastic weather, which is a significant
draw for many expats. With long, warm summers and mild winters, the
island enjoys around 10 hours of sunshine daily. While rain is
mostly confined to the winter months, you can still experience snow
in the Troodos Mountains during winter, providing a unique contrast
to the islands otherwise sun-soaked environment.
2. A Relaxed, Mediterranean Way of Life
Life in Cyprus moves at a slower pace, reflecting the island's
strong Mediterranean culture. Unlike the fast-paced life many
experience in the UK, Cyprus offers a more laid-back lifestyle
where family and community take precedence. Shops close early to
encourage family time, and the relaxed approach to life is
something newcomers quickly adapt to.
3. Spacious Living and Low Population
Density
For those escaping crowded city life, Cyprus offers a refreshing
change. With a population of approximately 850,000, most of whom
reside in five main areas, the island provides ample space and a
sense of tranquility, making it an ideal destination for those
seeking a quieter life.
4. English as a Common Language
One of the biggest concerns for those moving abroad is the language
barrier. In Cyprus, however, this is less of an issue. English is
widely spoken across the island, a remnant of Cyprus's history
as a British colony. While learning Greek can certainly enhance
your experience, many find that they can comfortably navigate daily
life with English alone.
5. High Standards of Education
For families with children, the quality of education in Cyprus is a
major plus. The island boasts several international schools that
offer high standards of academic excellence. While these schools
are privately run and come with tuition fees, the investment in
your child's education within a diverse, international setting
is often well worth it.
6. Clean Air and Low Pollution Levels
As environmental concerns grow, the clean air and low pollution
levels in Cyprus are increasingly appealing. With minimal heavy
industry, the island enjoys relatively clean air, land, and water.
For those with respiratory issues, the fresh air can be a
significant benefit, although occasional spring dust storms do
occur.
7. A Safe and Peaceful Society
Cyprus is one of the safest countries in Europe, with low crime
rates that attract many families and professionals looking for a
secure environment. While petty thefts may occasionally go
unreported, serious crime is rare, contributing to the island's
overall sense of safety.
8. Affordable Living Costs
Compared to the UK and other European countries, the cost of living
in Cyprus is relatively low. Expats often find that they can enjoy
a high standard of living on a modest budget, especially if they
sell property in their home country before moving.
9. Favorable Tax Rates
Cyprus offers advantageous tax rates, making it an attractive
destination for both retirees and working professionals. With low
income tax, limited capital gains tax, and no inheritance tax, the
island provides a financially friendly environment for expats.
10. Growing Employment Opportunities
The favorable tax environment has attracted numerous international
companies to set up bases in Cyprus, leading to an increase in job
opportunities for expats. The thriving business environment and
supportive expat community have also spurred entrepreneurial
ventures in various sectors.
11. Excellent Public Healthcare
Cyprus's public healthcare system is highly regarded, often
exceeding international standards. Permanent residents can access
basic medical care for free, and emergency treatment is available
to all.
12. World-Class Private Healthcare
In addition to its public healthcare, Cyprus is known for its
excellent private healthcare sector. Many professionals in this
sector have trained in the UK and speak fluent English, ensuring a
smooth experience for expats.
13. Modern Transportation Infrastructure
Cyprus may lack a railway system, but its modern public bus network
connects even remote areas to major cities, making it easy to
explore the island. The island is also well-connected to the
mainland through harbors and airports.
14. Familiar Driving Conditions
For UK expats, driving in Cyprus is familiar and straightforward,
as the island follows the UK's practice of driving on the left
side of the road. This makes the transition smoother for those
bringing their cars from the UK.
15. Stunning Beaches and Natural Beauty
Cyprus is home to some of the most beautiful beaches in the world.
Whether it's the golden sands of Fig Tree Bay or the turquoise
waters of Blue Lagoon, the island's coastline offers endless
opportunities for relaxation and adventure.
16. Reliable Communication Networks
The telecommunications infrastructure in Cyprus is robust, with
fast broadband available across the island. As more international
businesses set up shop, the communication network continues to
improve, making it easy to stay connected.
17. Attractive Property Prices
Property prices in Cyprus are relatively affordable, and the
government offers incentives for real estate purchases, including
residency benefits. The growing popularity of the island means that
now is a great time to invest in Cypriot property.
18. Fresh, Local Produce
Cyprus's Mediterranean diet is celebrated for its health
benefits, and the island's local markets are filled with fresh,
seasonal produce. From seafood to vegetables, the island's
cuisine is both delicious and nutritious.
19. Family-Friendly Environment
Cyprus's strong family values make it an ideal place for
raising children. The island is extremely welcoming to families,
and children are often treated with great affection in all
settings.
20. Easy Relocation Process
Moving to Cyprus is made easier by the abundance of services
available to assist with financial advice, property purchases, car
shipping, and more. With a well-established expat community,
newcomers can quickly find the support they need to settle in.
21. Rich Historical Heritage
Cyprus is steeped in history, with ancient ruins and historical
sites that date back thousands of years. The island's rich
cultural tapestry is a testament to its diverse past, making it a
fascinating place to explore.
22. The UNESCO-Listed Tomb of the Kings
A must-visit for history enthusiasts, the Tomb of the Kings near
Paphos offers a glimpse into ancient Cypriot architecture. Despite
its name, this large necropolis never housed any kings, but it
remains one of the island's most significant archaeological
sites.
23. Breathtaking Natural Scenery
From rugged mountains to serene coastlines, Cyprus boasts some of
the most spectacular natural landscapes in the Mediterranean.
Outdoor enthusiasts can explore numerous hiking trails, each
offering its own unique view of the island's beauty.
24. A Thriving Expat Community
Moving to a new country can be challenging, but Cyprus's large
expat community makes the transition easier. With many others who
have successfully made the move, new arrivals can find support and
guidance as they adjust to their new life.
25. Water Sports Galore
For those who love the water, Cyprus is a paradise. The island offers a wide range of water sports, from scuba diving to windsurfing, with plenty of stunning locations to choose from.
26. Long Life Expectancy
Cyprus ranks high in life expectancy among European countries, with
a combination of healthy living, excellent healthcare, and a
relaxed lifestyle contributing to the longevity of its
residents.
27. A Popular Holiday Destination
Living in Cyprus means you'll likely have plenty of visitors.
As a top holiday destination, it's easy for friends and family
to visit, and the island's charm will ensure you never lack
company.
28. Affordable Rental Properties
If buying property isn't in your plans, Cyprus offers a healthy
rental market with affordable options. Whether you prefer a
bustling city or a quiet village, you'll find something that
suits your needs.
Ready to Make the Move?
Cyprus is more than just a holiday destination—it's a
place where you can build a new life. Whether you're a family,
a retired couple, or a young professional, the island offers a
unique and fulfilling lifestyle. With a strong expat community and
plenty of support services, moving to Cyprus has never been
easier.
If you're considering making the move, reach out to PSS International Removals for expert advice and assistance. Your new life in Cyprus awaits!
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.
