Tips On Living In North Cyprus
Safe Cyprus enjoys an extremely low crime rate compared to other European holiday destinations and that is why it has become so popular with potential investors who have seen Cyprus as a secure investment when it comes to purchasing property. You will notice immediately the relaxing tone that life in Cyprus endures, where crime is not a day to day problem and some compare the Island to pre war Britain.
In some ways the European community is fantastic, especially that you can now go and work in any member state. Cyprus is no exception, so now buying a property in Cyprus doesn’t just mean buying a holiday home as you can work and live there all year round.
European citizens who come to Cyprus for work must register with the Central Register of Aliens. After being registered, they can look for work if they wish, either through the district labour offices (in all the cities) or by approaching employers directly themselves. You must submit an application for a residence permit to the Population and Migration Archive within three months.
More most of us living costs where ever we live always seem to much, but in Cyprus we can make some very important savings. First; due to the 300 sunny days a year, you can opt for solar power and within 5 years you will be getting your energy for free. Water is quite expensive on the island but if you get government approval you are able to bore a well in your own garden. The total cost in under 400 and before you know it, you’ll have free water running out of your taps.
Permission will be granted to a company for the acquisition of property, provided that it is for its own use. Offshore companies could therefore acquire property within the above limits. If you live permanently in Cyprus, you will have to pay Cypriot income tax on your worldwide earnings. However, the good news is that tax rates are some of the lowest in Europe, especially for those who choose to retire there.
Cyprus is a new comer to the European Community and still remains an inexpensive place to live in and you see that straight away if you decide to come and live out here. If you do, then you won’t be alone as Cyprus has become one of the most popular places in Europe for migration.
Thanks for visiting our Qivana site.
Comments
Got something to say?
You must be logged in to post a comment.