Archive for Tag: Living in Cyprus

Expat Life: Do Locals Really Have an Advantage Over Foreign Employees?

While locals typically have the edge over foreign employees in hiring and promotion processes due to language advantages; understanding typical customs during interviews, to even knowing the office area well. However, an observer from Frederick University in Nicosia says there is a lot to be said for expats who...

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Using a Cyprus Investment as a Special Purpose Vehicle

Have you ever thought about purchasing real estate as an investment in Cyprus or abroad? Foreign tax jurisdictions are growing increasingly complex and strict in constantly finding new ways to challenge the effectiveness of tax structuring via global financial centres and how they’re regulated by foreign authorities. Unsurprisingly such...

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Why do Russian Businesses Enjoy Doing Business in Cyprus?

Russian businesses and Entrepreneurs alike have always been interested in Cyprus as a business centre, mostly due to its tax regime, with double taxation agreements included, European Union membership, and Russian amiability, a study has found. Russia Doing Business in Cyprus 2017: Measuring Quality & Efficiency reported that 85%...

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Cyprus: Who are the Wealthy Elite That Bought EU Citizenship?

A leaked list of names reveals the extent to which Russian and Ukrainian politically elite have driven Cyprus’s citizenship-by-investment schemes which, according to the government, has generated over €4B in Cyprus based investments since 2013. Prior to 2013, Cypriot citizenship was granted on a flexible basis by MPs, in...

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Buying a Permanent Home in Cyprus for Relocation & Living

Who can buy property in Cyprus? If you are planning to permanently relocate, or use your Cyprus property to live permanently, there are many tax advantages to owning only one property and making yourself a permanent tax resident. EU citizens have the right to live and work anywhere within...

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An Introduction to Buying a Holiday Home in Cyprus

Many people buy a holiday home in Cyprus with a view to living there permanently or semi-permanently when they retire due to the many benefits of the classic, slow-paced Mediterranean lifestyle. Traditionally, Cyprus has been a sought after location for overseas buyers looking for a holiday home or secondary...

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Strong Growth Prospects for Cyprus: 2017 Economic Update

Cyprus is currently undergoing a broad based recovery, with assurance and stability returning after three years of ruthless reforms and austerity measures to stabilise the financial sector and refine public capital. Economic growth on the island is now driven by stable consumption and a vibrant tourism sector. Let’s look...

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