In May 2021, our family embarked on a new chapter by relocating to Cyprus—a decision influenced by multiple factors including the desire for a fresh family experience, financial considerations, and a yearning for a slower pace of life. Given that both my partner Roman and I work remotely and hold a Portuguese passport, which I secured in April 2021, we had the flexibility to move to any country within Europe. Ultimately, we chose Cyprus.

Interestingly, the idea of moving to Cyprus was initially suggested by Roman many years ago, but at that time, I was not enthusiastic about the idea. For me, countries like Spain and Portugal seemed more appealing, offering vibrant cultures and endless travel opportunities. Cyprus, on the other hand, seemed merely a pleasant vacation spot. However, the birth of our daughter Maya in 2019 reshaped our priorities. We began to value calmness and simplicity over excitement and variety—qualities we found abundant in Cyprus.

 

Had we not had children or if our children were older, we might have chosen a different destination. Cyprus is a relatively small island, and while it offers a peaceful environment, it lacks the cultural and entertainment options found in larger European countries. However, with a growing family and another child on the way (I gave birth in Cyprus in October 2022), we realized that Cyprus was the perfect place for us at this stage in our lives.

 

Cyprus has evolved significantly over the years, making it a more attractive destination for both living and investing. The island has seen considerable development, with new establishments and improvements enhancing the quality of life. This growth has been further fueled by the influx of Russians and Ukrainians due to the ongoing conflict between their countries, leading to a surge in demand for housing and services. However, this increased demand has also driven up prices and created waiting lists for schools and kindergartens.

 

When considering whether Cyprus is the right place to live, it’s important to weigh various factors. The presence of children, their ages, and the type of lifestyle you seek are critical considerations. Cyprus offers a relaxed atmosphere, but it may not satisfy those looking for a vibrant social scene or extensive cultural offerings. Additionally, the potential challenges of relocating far from family should be considered.

 

For those interested in real estate investments or relocation, Cyprus presents several compelling opportunities. The island's advantageous tax policies, combined with its strategic location and favorable climate, make it an attractive option. If you're contemplating a move or investment in Cyprus, professional guidance can be invaluable. I highly recommend reaching out to Winest Group, a company specializing in real estate investments and relocation services in Cyprus. Their team provides comprehensive support, from property search and legal assistance to renovation and tenant placement.

 

 

Below, I’ve outlined some key reasons why Cyprus might be the right destination for your family and investment plans:
1. Comfortable Climate

Cyprus boasts a warm and mild climate, similar to that of Israel. For families with young children, this can be a significant advantage, allowing for more outdoor activities year-round.

2. English Accessibility

With a large expatriate community, English is widely spoken, making it easy to navigate daily life, access services, and integrate into the community.

3. High Quality of Life

Compared to Israel, the cost of living in Cyprus is significantly lower, especially in cities like Paphos and Larnaca. The lack of traffic jams and the ability to live near the sea or in a home with a pool add to the appeal.

4. Child-Friendly Environment

The calm atmosphere and friendly locals make Cyprus an ideal place to raise children. The island's small size and low population density mean that quiet, natural settings are never far away.

5. Accessible Healthcare

Cyprus offers a well-regarded healthcare system, with high availability and personalized care, which is particularly reassuring for families with young children.

6. Safe and Secure

Cyprus is ranked among the safest countries in the world, with low crime rates and high levels of public safety.

7. Attractive Taxation

For those looking to minimize their tax burden, Cyprus offers low taxation rates, especially for the self-employed. Proper guidance is essential to navigate the tax residency and disconnection processes.

8. Real Estate Investment Opportunities

The real estate market in Cyprus has experienced significant growth, with affordable properties offering high returns. The ongoing development in cities like Limassol further enhances the investment potential.

Cyprus may just be the perfect place for your next chapter, offering a balanced lifestyle and promising investment potential.

 

CYAUSE AUDIT SERVICES

About Us

CYAUSE Audit Services Ltd is performing Statutory compliance services to clients that are interested in relocating to Cyprus. We assist through useful guides, blogs. articles, videos, etc.

CYAUSE Audit Services is an Audit & Assurance firm with offices in Nicosia and Limassol. 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 as 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 the 3E Accounting Network, an international accounting network which originates from Hong Kong and has more than 80 members from all over the world.

Contact Us

If you would like us to assist you with your investment firm or fund please contact us at kt@cyprusaccountants.com.cy or call us at +357 22 336 321.

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.