Are you considering moving to a new country? If you’re considering moving abroad, then Cyprus might just be the place for you. Located in the eastern Mediterranean, this beautiful island has become a top destination for expats from around the world. From the warm climate to the friendly locals, there are plenty of reasons to make the move to Cyprus. Here are the top 10 reasons why you should consider relocating to
Cyprus:
- Climate
Cyprus is known for its incredible weather, and it’s no surprise why. With an average of 340 sunny days a year, the island is the perfect destination for those who love warm, sunny weather. Not only is it perfect for those looking to enjoy outdoor activities, but it’s also great for those who are looking to escape the dreary, cold winters of other European countries.
From May to November, the island experiences little to no rainfall, which means you can enjoy warm, sunny days all year round. The temperatures during the summer months can reach up to 40°C, which makes it perfect for a refreshing swim in the clear, blue waters of the Mediterranean Sea.
The mild winters in Cyprus also make it a popular destination for retirees and snowbirds looking to escape the cold winters of their home country. During the winter months, temperatures in Cyprus range between 15°C to 20°C, which means that it’s still warm enough to enjoy outdoor activities.
- Economy
With its strategic location, favorable tax system, and business-friendly environment, Cyprus has become a popular destination for investors and entrepreneurs from around the world. The island has a fast-growing economy and is home to a thriving startup scene. It’s a member of the European Union, making it an easy place to do business with the rest of Europe and beyond.
According to the World Bank’s Doing Business report, Cyprus is ranked 27th out of 190 countries for ease of doing business, making it one of the most attractive destinations for business people. The government has implemented various measures to make the process of setting up a business as easy and straightforward as possible, including online company registration and a one-stop-shop for all business-related services.
But it’s not just about the ease of doing business. Cyprus is also a hub for innovation, with a growing tech sector and a supportive ecosystem for startups. The country has invested heavily in its infrastructure, with world-class telecommunications, transportation, and logistics networks that connect it to Europe, the Middle East, and beyond.
- Low tax rates
Cyprus has one of the lowest corporate tax rates in the EU, making it an attractive destination for businesses. The island also offers a range of incentives, such as tax breaks for expats, to encourage foreign investment.
The country’s corporate tax rate is just 12.5%, which is much lower than most European countries. This has led many international companies to set up subsidiaries or headquarters in Cyprus, taking advantage of the low tax rates and favorable business environment.But it’s not just large companies that benefit from Cyprus’ low tax rates. Small and medium-sized businesses can also enjoy significant tax savings, which can help them to grow and compete more effectively.
In addition to its low tax rates, Cyprus also offers a range of other advantages for businesses, including a strategic location at the crossroads of Europe, Asia, and Africa, a well-educated workforce, and a business-friendly regulatory environment.
So if you’re looking to reduce your tax burden and take your business to the next level, consider moving to Cyprus. With its low tax rates and business-friendly environment, it could be the perfect location for your company to thrive!
- High-quality education
Cyprus isn’t just a stunning island paradise – it’s also an excellent place to get a world-class education. The country’s education system has consistently been ranked among the best in the world, with a strong emphasis on academic rigor and excellence. If you’re looking for a top-notch education that will help you succeed in your career, Cyprus is definitely worth considering.
One of the key advantages of studying in Cyprus is the country’s high-quality universities and colleges. There are several reputable institutions to choose from, offering a wide range of degree programs in fields like business, engineering, medicine, law, and more. Many of these universities are internationally recognized and accredited, which means that you can be confident that you’re getting a degree that will be respected all over the world.
Another advantage of studying in Cyprus is the country’s relatively low tuition fees and cost of living. Compared to many other countries in Europe, Cyprus offers a more affordable education without sacrificing quality. In fact, many students who study in Cyprus find that they can live comfortably and even save money while pursuing their degree.
But it’s not just the cost that makes Cyprus a great place to study – it’s also the quality of the education itself. Cyprus’ universities and colleges offer rigorous academic programs that are designed to challenge and inspire students. Professors are knowledgeable and experienced, and they work hard to ensure that students are engaged, motivated, and challenged in their studies.
- Easy residency
If you’re thinking about moving to another country, one of the main concerns is usually getting a residency permit. Luckily, Cyprus has one of the most straightforward and easy-to-navigate residency processes in the world.
First of all, let’s talk about the different types of residency permits available in Cyprus. There are three main categories: temporary residence permit, permanent residence permit, and the highly sought-after citizenship by investment program.
For those who are looking for a temporary residence permit, it’s a relatively easy process. If you’re a non-EU national and you’re planning on staying in Cyprus for more than three months, you need to apply for a temporary residency permit. You’ll need to provide some basic documents like your passport, a clean criminal record certificate, and proof of income or sufficient financial resources to support yourself.
If you’re planning on staying for a longer period, you can apply for a permanent residence permit. The process for this is similar to the temporary permit, but you’ll need to provide some additional documentation like proof of medical insurance and proof that you’ve been living in Cyprus for a certain amount of time.
Finally, if you’re interested in Cyprus’ citizenship by investment program, you’ll need to invest a minimum of 2 million euros in real estate, a business, or government bonds. This program is designed to attract high-net-worth individuals and investors to Cyprus, and it’s one of the most efficient and cost-effective ways to obtain citizenship in an EU country.
- Beautiful scenery
Cyprus is an island that is renowned for its picturesque landscapes and breathtaking views. It boasts a rich history and diverse culture that adds to the beauty of the island. From the stunning beaches to the lush mountainous regions, Cyprus is a visual paradise.
The crystal clear waters of the Mediterranean Sea are one of the most stunning features of the island. Whether you want to relax on the beach or go for a swim, Cyprus offers a variety of options that will leave you feeling rejuvenated and refreshed. The island has many beaches, and each one has its own unique charm.
Away from the beaches, the Troodos Mountains are a must-see for nature lovers. The mountain range is home to many picturesque villages, ancient monasteries, and churches, as well as the famous Cedar Valley. The views from the mountainous regions are simply stunning and perfect for hiking and exploring.
Cyprus is also home to several historic sites, such as the ancient city of Kourion, the Paphos Archaeological Park, and the Tombs of the Kings. These sites offer a glimpse into the island’s past and allow visitors to explore the history and culture of Cyprus.
Aside from the natural beauty of the island, Cyprus also boasts a lively cultural scene. The island has a rich heritage that is reflected in its art, music, and festivals. Traditional festivals such as the Limassol Wine Festival and the Anthestiria Flower Festival are a must-see for tourists and locals alike.
- Culture
Cyprus has a rich cultural heritage, with a blend of Greek and Turkish influences. The island is home to many historic sites, museums, and cultural events throughout the year, making it a great place to immerse yourself in a new culture.
- Food
Cyprus has a rich and diverse culture that has been shaped by its unique history and geography. With influences from Greece, Turkey, and the Middle East, the island offers a fusion of traditions, customs, and cuisine that are sure to captivate anyone who visits. From ancient ruins and museums to local festivals and markets, there are endless opportunities to explore and immerse yourself in the Cypriot way of life.
- Healthcare
Cyprus offers a high standard of healthcare, with both public and private hospitals throughout the island. In fact, according to the World Health Organization, Cyprus is ranked 32nd in the world for overall healthcare performance.
The public healthcare system in Cyprus is funded by the government and is available to all residents, including expats. The system provides free or low-cost medical treatment, including consultations, diagnostic tests, and emergency care.
For those who prefer private healthcare, there are numerous private hospitals and clinics throughout Cyprus, with many doctors and medical staff trained internationally. The private healthcare sector is also more advanced, offering more specialized treatments and services.
Expats should note that private healthcare in Cyprus can be expensive, so it’s important to have comprehensive health insurance coverage. However, with the combination of high-quality public and private healthcare, Cyprus is an excellent destination for those who value good healthcare.
- Friendly people
Cyprus is known for having some of the friendliest people in the world. Cypriots are known for their hospitality and warm welcome to visitors. In fact, the locals go out of their way to help tourists feel at home.
Cypriots are famous for their laid-back lifestyle, which includes an emphasis on spending time with family and friends. This has created a strong sense of community and a welcoming atmosphere that is appreciated by visitors from all over the world.
According to the World Economic Forum’s 2022 Travel and Tourism Competitiveness Report, Cyprus ranked 1st in the world for “Attitude of population toward foreign visitors”. The report also revealed that 93% of visitors to Cyprus rated the hospitality of the local population as “good” or “very good”.
With their welcoming nature, friendly people, and strong sense of community, it’s no wonder why Cyprus is a top destination for travelers seeking a warm and hospitable atmosphere.
Cyprus is an ideal place to live, work, and explore. With its warm climate, attractive tax rates, and high quality of life, it’s no surprise that more and more people are choosing to call this island their home. Whether you’re looking to start a new business, enjoy a change of scenery, or immerse yourself in a new culture, Cyprus offers something for everyone. And if you’re planning to holiday, rent an office, or purchase/rent a property in Cyprus, Holidayzer is here to help. Our team of experts has the knowledge and experience to guide you through the process, from finding the perfect location to meeting all legal requirements. We are committed to providing you with the best service possible, and we’ll work closely with you to ensure a positive experience. Contact us today to learn more about how we can assist you with your holiday, office rental, or property purchase/rental needs in Cyprus.
