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.

Disclaimer: The information provided in this article is for general informational purposes only and should not be construed as legal or tax advice. Please consult with a professional tax advisor for advice on your specific situation.

Our team of experts can assist you with immigration services, company incorporation, company tax optimisation,  individual tax optimisation, & bank account opening.Please contact us via email to assist you further. 

CYAUSE Audit Services Ltd is a regulated audit and assurance firm providing accounting, audit and tax services to Cyprus and Overseas entities (IBCs).  Our team of experts currently services more than 300 clients across the globe with up-to-date enhanced knowledge on tax and vat regulations in various jurisdictions. This is achieved through our long standing memberships with BKR International and ACCACE as well as our portfolio of associate partners (accountants, lawyers, service providers).

We offer A to Z solutions to all our clients, from incorporation and banking to ongoing support, accounting, audit and tax services. Our more niche and sophisticated services include the Licensing of Cyprus Investment Firms, Funds and Insurance Companies and their subsequent compliance reporting work to the various regulators.

Feel free to learn more about us by viewing our website www.cyprusaccountants.com.cy.

What are you waiting for?

Contact us for a free first consultation at: enquiries@cyprusaccountants.com.cy or + 357 22 336 309.