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CYPRUS

Where Ancient Traditions Meet Modern Comforts

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Discover Cyprus: Your Expatriate Journey Starts Here

Welcome to Cyprus, where your expatriate journey unfolds against the backdrop of stunning Mediterranean landscapes and a blend of cultural influences. Cyprus is not just a destination; it’s an adventure waiting to be embraced. With its favourable tax environment, high-quality healthcare and vibrant lifestyle, it’s no wonder that Cyprus is a top choice for expatriates.

At Advice for Expats, we are here to be your trusted partner in this exciting chapter of your life. Let’s navigate the path to your dream expat life in Cyprus together.

Moving to Cyprus: Unlocking Opportunities

Moving to Cyprus offers you a chance to embrace the Mediterranean lifestyle fully. Imagine waking up to the sun-drenched vistas of the Mediterranean Sea, savouring delicious Mediterranean cuisine and immersing yourself in ancient traditions and modern comforts. Cyprus is a captivating destination for expatriates, offering a low crime rate, top-notch healthcare facilities and a world-class education system for your family. It’s not just a place to reside; it’s a place to thrive.

Living in Cyprus: Embracing the Culture

Living in Cyprus is a transformative experience, where you can craft your expatriate story against a backdrop of stunning landscapes. Whether you prefer the lively atmosphere of coastal cities, the tranquillity of the countryside or the charm of traditional villages, Cyprus has it all. The cost of living in Cyprus is attractive, making it an affordable destination for retirees, executives and entrepreneurs alike.

Retirement in Cyprus: A Golden Opportunity Awaits

Cyprus is a favoured destination for retirees seeking a blissful and affordable retirement. The country offers an enticing combination of excellent healthcare, a favourable tax regime and a relaxed lifestyle. With our guidance, you can explore the various options for retirement in Cyprus and gain insights into residency requirements, pension planning and tax optimization.

Taxation in Cyprus: Your Path to Financial Freedom

Moving to Cyprus opens up a world of opportunities, both personally and financially. It’s essential, however, to understand the tax landscape to make informed decisions and optimize your financial planning. Cyprus offers a favourable tax regime for expatriates, making it an attractive destination for those seeking tax efficiency.

Here’s a guide to taxation in Cyprus, covering various aspects to help you navigate the system effectively:

Cyprus operates on a progressive income tax system, with rates ranging from 0% to 35%

Capital gains tax is imposed on the disposal of immovable property in Cyprus, with rates varying depending on the type of asset. Principal private residence and agricultural land may be eligible for exemptions or reduced rates.

Cyprus boasts one of the lowest corporate tax rates in the European Union at 12.5%. This favourable corporate tax rate has attracted many businesses to establish a presence in Cyprus.

VAT in Cyprus applies to the supply of goods and services. The standard rate is 19%, with reduced rates of 5% and 9% for specific goods and services.

Cyprus abolished inheritance tax in 2000, making it an excellent destination for estate planning. Instead, it levies capital gains tax on the sale of inherited property.

Cyprus does not impose a wealth tax, making it attractive for individuals with significant assets.

Cyprus offers a “non-domiciled” status to residents who are not domiciled in Cyprus. This status can provide tax advantages, such as exemption from tax on dividends and interest income.

Navigating the tax system in Cyprus can be complex, but with the right guidance, you can make the most of the country’s tax advantages.

Our network of experts is here to provide you with comprehensive tax planning solutions, ensuring that your expat experience in Cyprus is both financially rewarding and stress-free.

Your pension is a cornerstone of your financial future and Cyprus offers various pension options for expatriates. We will help you navigate the Cyprus pension system, ensuring that your retirement funds are managed tax efficiently and in strict adherence to local tax regulations. Our team can help you explore the potential for reducing taxation on your pension income and the passing of pension funds to your heirs with potential tax advantages.

At Advice for Expats, we are here to guide you through the intricacies of expat pensions and retirement planning, ensuring that your golden years in Cyprus are filled with financial security and peace of mind.

Whilst non domiciled resident individuals are exempt of local inheritance tax you may still be considered UK domiciled for UK inheritance tax purposes. We will guide you through the nuances of inheritance tax and estate planning, ensuring that your legacy is protected and your loved ones are well taken care of.

Why Choose Us?

At Advice for Expats, we understand the unique challenges and opportunities that come with expatriate life. Our global network of professionals specializes in assisting expats in various aspects of their financial journey. We connect you to the best experts in their respective fields, ensuring that you receive tailored advice and solutions.

Start Your Journey With Us NOW

Are you ready to embark on your Cyprus adventure? Whether you have questions about living, retiring or working in Cyprus, we are here to provide comprehensive answers. Contact us today and let’s transform your expat dream into a vibrant reality. Your Mediterranean journey awaits.

If you require advice, you can arrange a free initial financial consultation with a trusted expert on:

Telephone: +350 5600 5757
Email: [email protected]

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