About Cyprus
Cyprus is a Mediterranean island located in the heart of the eastern Mediterranean Sea. Situated at the crossroads of Europe, Africa, and Asia, it acts as a link between three continents. The accession of Cyprus to the EU further enhanced stability and safety, ensuring its place as a financial centre in Europe. Cyprus is home to beaches that stretch for miles, embraced by the crystal-clear waters of the Mediterranean Sea. Many beaches hold the blue flag award for their water quality, safety, and cleanliness.
Away from the coast, the Cypriot landscape consists of hilly fields covered with vineyards and coniferous forests. Living in Cyprus affords residents the ability to enjoy nature at its finest, with walking trails, waterfalls, and quaint villages in its inner regions. In the winter, the stunning Troodos mountains are a favourite with skiing enthusiasts.
Benefits of Living in Cyprus
Safety
Cyprus is one of the safest countries in Europe, with a remarkably low crime rate compared to other nations in the region. Its location in the Mediterranean has historically ensured a relatively stable political environment, giving residents a strong sense of security in their communities. Overall, a life in Cyprus offers residents a safe and stable place to pursue their dreams and ambitions, free from the fear of crime or violence.
Tax Incentives
Cyprus is a premier destination for individuals and businesses seeking a favourable tax system that takes into consideration all EU and international regulations. There are a wide range of personal tax incentives available to those who reside here. Cyprus has some of the lowest tax rates in Europe for both income and investments – it is an ideal choice for those seeking low taxation on their earnings. The country offers special reduced rates on foreign pensions, broad exemptions on interest income in many cases, and no inheritance tax. This combination of favourable tax policies makes Cyprus an attractive location for investors from around the world.
Infrastructure
With an excellent road system and network of highways and motorways, Cyprus has an excellent transportation infrastructure. There are two international airports – Larnaca and Paphos – as well as quality ports located in Limassol and Larnaca, that allows residents and tourists to easily travel across this beautiful island nation. There are buses, taxis, and cars available for moving around efficiently and quickly. With its top-notch mobile and internet facilities with high-speed capabilities, connectivity is never an issue in Cyprus. As Cyprus is part of the European Union, the country has free access to the single market and customs union. This means that the island offers the same rights as any other mainland European country.
Cost of Living
Cyprus has one of the lowest costs of living in the EU, particularly if you shop for local products and produce. Housing costs are low in Cyprus with annual taxes a fraction of other countries like the UK. Car fuel is another saving whilst the tax regime in Cyprus means that you take home more of your earnings than you might elsewhere. Clothing and appliances have reduced in price in the last decade making the island an even more affordable place to set up home or a business.
Education
Cyprus is an excellent place to receive an education. The island nation is home to excellent schools and universities. Both private and state-funded schools offer high-level educational systems. All teachers are qualified, the school facilities are great, and extracurricular activities and support services allow students to get the most out of their education. There are also several international colleges and universities that offer dual degree programs, fully accredited by the UK and the USA.
Healthcare
The healthcare system in Cyprus is on par with international standards, and high-quality medical care is available to residents and visitors alike. Expats living in Cyprus can choose between public and private healthcare. There are several hospitals and clinics available, as well as private medical practices. Healthcare in Cyprus is affordable, with government-funded health insurance schemes available. Almost all medical professionals have received at least some part of their training overseas and are fluent in English.
Climate
A life in Cyprus comes with a pleasant Mediterranean climate of long, dry summers and mild winters. Rain occurs mainly in winter and snow is possible only in the mountains, in the central part of the island. The residents of the island experience close to 340 days of golden sunshine in a year. Cypriots are proud of the fact that from January to March, they can travel to the mountains of Troodos for skiing, followed by a refreshing swim in the sea.
Lifestyle
Cyprus is an island with a beautiful landscape and rich cultural heritage. The people of Cyprus are friendly and accommodating, making it a wonderful place to live and work. With excellent weather all year round, a comfortable standard of living, safety and natural beauty at every turn, there is truly something for everyone on this island nation. Besides its vibrant culture and bustling cities, the Cypriot people also have a deep love for food, traditions, and their cultural heritage. Most Cypriots speak Greek and English, so life and business for an expatriate is smooth with no obstacles. In addition, the island is very family-oriented, making it a great place to raise a family.
