Discover Living In Northern 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.
Nowadays every European citizen can go and work in EU member countries and Cyprus is no different, so the idea of going to live in Cyprus is that more attractive if you are able earn a living there too.
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.
By European standards, Cyprus is inexpensive to set up home and live in, and you can get by very comfortably on a smaller budget than you would in many other countries and all these factors along with special tax incentives offered by the Government, explain why so many people from abroad choose to live in Cyprus.