Articles

Details of a Cyprus insurance broker

An insurance broker is a Company who is acting on the best interest of the consumers and who is licensed to offer various insurance products and services by multiple insurance companies.  An insurance broker unlike an insurance agent, is not keen to represent one specific insurance company but rather assess the needs of the consumer and present to them the best product for their needs. The insurance broker has also the capacity to make comparisons between multiple insurance products and services across various insurance companies.

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.

Cyprus has been an EU member since 2004 and over the years it has developed and upgraded new laws and regulations in accordance to the EU standards. One major addition to the Cyprus immigration law, which has more mobility the last 3 years in Cyprus (after the pandemic), is the relocation of EU citizens in Cyprus mostly for business opportunities.

Thinking of relocating to Cyprus?

This video dives into why it is an attractive destination for individuals and businesses, from skilled professionals and low taxes to cost-effective living and a welcoming atmosphere. Find out if Cyprus is the right fit for you!