AN EX-BRITISH COLONY
With minimal negatives, several things make the Republic of Cyprus an attractive destination for British expatriates. An appealing climate, a reduced cost of living, genuine Cypriot hospitality, and some stunning natural beauty are not the only positives. As an ex-British colony, Cyprus still exhibits several British traits, which British expats find very attractive. This, along with the already established large British expat communities that spread throughout the island, means that English, as the island’s second language, is largely spoken throughout the island. Vehicles drive on the left, like in the United Kingdom and Cyprus law is largely based on the British legal system.
ENTICING PROSPECTS & SOME NOTABLE CHALLENGES
Although moving to Cyprus offers several enticing prospects, it still represents some notable challenges that come with uprooting and relocating to any new country. All things must be taken into full consideration by everyone contemplating this life-changing decision, and all of the pros and cons must be looked at from a balanced perspective.
THOROUGH RESEARCH
Ultimately, a successful transition relies on thorough research, realistic expectations, and an open-minded approach. This should allow most individuals to make an informed decision about relocating. Weighing up all the pros and cons with a careful and deliberate approach is generally considered the best way of preparing for a successful new way of life.
A GOOD SOLID PLAN OF ACTION
Several fact-finding missions, based on each individual’s circumstances, should initially be taken. The HIGH COMMISSION OF CYPRUS, based in Central London, is a good place to start. They will be available to answer some basic questions and will provide solid advice regarding any potential move. Along with some important general information regarding any potential move, they should also reveal some valuable insights that may prove crucial to a final decision that should still command careful consideration.
SOME THINGS TO CONSIDER
Documents: All important documents, such as passports, birth and marriage certificates, any medical examination results, and bank statements, will need to be certified with an Apostille.
Taxes: Many United Kingdom expats can take advantage of Cyprus’s favourable non-domicile tax regime. This features a low-income corporate tax and no inheritance or wealth tax. The UK-Cyprus double tax treaty also helps avoid double taxation.
Healthcare: Once registered as a resident, an individual can apply for the island’s general healthcare system, also known as GESY. Though it is still advisable to also secure private medical insurance, this will allow access to subsidised public healthcare.
Driving: After six months of residency, an individual will be required to EXCHANGE THEIR UNITED KINGDOM DRIVING LICENSE for a Cypriot one. This is done at the MINISTRY OF TRANSPORT, COMMUNICATIONS AND WORKS without taking a test.
FACT-FINDING MISSIONS
Once all fact-finding missions are complete, a move will then require a good, solid plan of action in order to yield success. It becomes obvious at this stage that moving to Cyprus involves a few core steps. These are largely dependent on the financial and employment status of each individual looking to complete a move.
DIFFERING RESIDENCY PERMITS
Each visitor to Cyprus receives an automatic 90-DAY VISA. A temporary residence permit, also known as a pink slip, has to be applied for after arrival to legally stay on the island for longer periods. This application, which has several dependencies, is made at the CIVIL REGISTRY AND MIGRATION DEPARTMENT. Several criteria and pathways apply to each individual for permanent residency on the island.
Residency Through Retirement: This automatically renewable temporary visa is for all United Kingdom nationals who want to retire on the island without a property purchase. If a property is purchased as part of an individual’s retirement plan, then permanent residency by investment may be applied. Everyone who applies needs to prove that they have a clean criminal record, comprehensive health insurance, and a stable income of at least €2,000 per month that is generated from outside of Cyprus.
Residency as a Digital Nomad: This automatically renewable temporary visa is for remote workers who work for a non-Cypriot employer, but want to use Cyprus as their base. They need to prove that they have a clean criminal record, and also require comprehensive health insurance, and a stable income of at least €3,500 per month that is generated from outside of Cyprus.
Permanent Residency by Investment: Any residential or commercial real estate purchase of at least €300,000 in Cyprus will allow the purchaser to obtain a permanent, lifelong residency visa. Proof of an annual foreign income of at least €50,000 will also be required.
Residency Through Employment: If a job with a Cypriot company is secured, then the employer will use the sponsored employment contract to obtain the necessary temporary work and residence permits.
Pros of Moving to Cyprus
1. Pleasant Climate: One of the most significant advantages of relocating to Cyprus is its enviable Mediterranean climate. Cyprus boasts over 300 days of sunshine annually and has some of the mildest winters in Europe. The island, as a result, continually offers a warm and inviting atmosphere. For those looking to escape the damp and dreary British weather, this transition can prove rejuvenating, enhancing their overall quality of life.
2. Cost of Living: Generally, the cost of living in Cyprus is lower than in many parts of the United Kingdom. This financial reprieve enables expatriates to experience a more prosperous, fuller lifestyle that ultimately allows for a higher standard of living. Essential expenditures such as housing, groceries, and dining out may be considerably more affordable across the island when compared to the United Kingdom.
3. Stunning Natural Beauty: Cyprus is renowned for its breathtaking landscapes. The island encompasses pristine beaches, several rural mountainous regions, and a whole host of cultural and archaeological sites. This natural beauty encourages an outdoor lifestyle, with ample opportunities for hiking and several water sports. Exploring the island’s surroundings, as well as its historical landmarks, can significantly enhance one’s experience of daily life.
4. A Good Community Spirit: The Cypriot people are known for their warmth and hospitality. In most cases, these qualities can ease the challenges of integration for newcomers to the island. The presence of a vibrant expatriate community also provides several opportunities for social interaction and the formation of new friendships. This often helps to create a sense of belonging.
5. Healthcare System: Cyprus offers a relatively high standard of healthcare. This is both accessible and affordable when compared to the United Kingdom. The availability of medical services, combined with a sunny disposition towards a healthy lifestyle, contributes positively to overall well-being.
Cons of Moving to Cyprus
1. Language Barrier: While many Cypriots speak fluent English, the official language of the Republic of Cyprus is Greek. This linguistic distinction may present some barriers to effective communication in some of the more remote regions of the island. It may prove beneficial for new settlers to invest time in LEARNING GREEK, as this will enhance their social and professional interactions.
2. Limited Job Market: The job market in Cyprus is comparatively smaller than that of the United Kingdom. This means that it has fewer employment opportunities available in certain sectors. Highly skilled professionals may find it challenging to secure positions that match their qualifications. Moreover, expats might encounter competition from local candidates, who will ultimately have considerable advantages. This can complicate the job search process for those who have not secured employment before their arrival.
3. Cultural Adjustment: Adapting to a more relaxed pace of life in Cyprus may be perceived positively or negatively. Things generally take longer to complete across the island, and transitioning to this differing culture can present some challenges. As one navigates varying social norms, traditions, and customs, those accustomed to a faster-paced lifestyle may initially struggle with the difference.
4. Seasonal Tourism and Crowds: Cyprus is a popular tourist destination. This means that during peak seasons, the influx of visitors can lead to overcrowding in popular areas. This influx can detract from the tranquil lifestyle that many expatriates seek. Moreover, businesses often cater primarily to tourists during these times, which may temporarily not align with the needs of residents.
5. Political Concerns: Cyprus has a complex political history, particularly regarding the division between the Greek and Turkish sides of the island. While most of the time, daily life proceeds without incident, political tensions can often create an atmosphere of uncertainty for expats. There is a need, because of this, for those considering relocation to stay informed about the elastic political climate.
GUIDANCE FOR BRITISH CITIZENS LIVING OR LOOKING TO MOVE TO CYPRUS
Good advice and guidance regarding residency, healthcare, finance, and driving will form a good first step for those thinking about a move to Cyprus. The United Kingdom’s Government website is a good source for initially gathering further information. Several questions answered, and it also offers good all-around sound advice.
