Living in Cyprus
Cyprus
Cyprus has rapidly become one of Europe’s top hotspots for expatriates. If you are considering relocating, and are a bit of a sun-chaser, Cyprus should be top of your list.
The Permanent Residence Permit simplifies travel around Europe and provides a several tax incentives to Cypriot residents.
Living in Cyprus
Cyprus is an appealing European country located in the eastern Mediterranean Sea, so individuals living in Cyprus enjoy over 320 days of sunshine per year. It offers the warmest climate in Europe, a good infrastructure and a convenient geographic location; it is easily accessible from anywhere in Europe, Asia and Africa. The official language is Greek, with English also being widely spoken. The population of Cyprus is approximately 1.2 million, with 180,000 foreign nationals living in Cyprus.
However, individuals are not just drawn to its sunny shores by the weather. Cyprus offers an excellent private healthcare sector, a high quality of education, a peaceful and friendly community and a low cost of living. It is also an extremely attractive destination due to its advantageous non-domicile tax regime, whereby Cypriot non-domiciliaries benefit from a zero rate of tax on interest and dividends. These zero tax benefits are enjoyed even if the income has a Cyprus source or is remitted to Cyprus. There are several other tax advantages, including a low rate of tax on foreign pensions, and there are no wealth or inheritance taxes in Cyprus.
Articles on Living in Cyprus
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