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BestCyprusHomes.com
welcomes you to Cyprus, a charming island in the Eastern Mediterranean
basin. With its unique climate, culture, customs and cuisine, Cyprus offers
an extraordinary blend of East and West. Over the centuries, the island's
coveted ge
CYPRUS CURRENCY The official currency of Cyprus is the Euro. BANKING IN CYPRUS Based
EDUCATION IN CYPRUS The
education system in Cyprus is of a high CYPRUS LANGUAGE Although the language of Cyprus is Greek, English is widely spoken and understood all over the island. Street and shop signs are in both languages enabling foreign residents to feel completely at home. PETS Bringing
y
Scheduled
flights offered by the national carrier, Cyprus Airways, and approximately
30 other major airlines link Cyprus to most major cities in Europe, Driving in Cyprus is on the left and distances between towns are relatively short and joined by a good network of roads and motorways. The new motorway between Paphos and Limassol has recently been completed, bringing the travel time between these two towns down to approximately 30 minutes. Visitors holding a valid driving license from their country or an international driver's license can drive in Cyprus. COMMUNICATIONS IN CYPRUS Cyprus
BUSINESS ENVIRONMENT AND LOW TAXATION IN CYPRUS Cyprus
provides the ideal investment opportunity and the perfect • Foreign residents may apply For Cypriot tax residency, if staying in Cyprus for more than 183 days p.a. • For residents, pensions from abroad ire subject to a flat tax rate of 5%. The initial amount of CY£2,000 per person is tax exempt. • Double taxation treaties with 40 countries eliminate double taxation of Foreigners residing in Cyprus. Where relief is not given under a double taxation treaty, relief from Cypriot tax is granted unilaterally. • Tax advice is available to Individuals Purchasing property in Cyprus. The VAT rate is 15% from 1st January 2003. CYPRUS CLIMATE Cyprus
is Fortunate to have one of the most agreeable climates in Europe, with
11 out of 12 months GROCERIES AND EATING OUT The
markets in Cyprus provide a colorful variety of locally grown fresh ALCOHOL AND TOBACCO The wines and spirits of Cyprus are of excellent quality and very reasonably priced. Cyprus produces an enviable selection of red and white table wines starting From CY£1.50. Commandaria, a sweet dessert wine, is one of the island's specialties. Cyprus sherry, the aperitif ouzo, locally produced brandy and beers are also widely available. Cigarette prices are From around CY£1.65 pet- packet of 20. MEDICAL SERVICES IN CYPRUS The
public health care system in Cyprus is of a high standard and available
to all. All Cypriot A hospital visit costs less than CY£7.00 A prescription costs less than CY£4.00 A clinic visit costs around CY£10.00 - £15.00 Private health insurance starts From around CY£400.00 p.a., dependant on cover. GOVERNMENT AND INTERNATIONAL RELATIONS Since 1960, Cyprus has been an independent sovereign republic with a democratic presidential system of government. Human rights, political pluralism and private property are safeguarded in the constitution. Cyprus is currently an associate member of the EU and will become a member on Ist May 2004. Inflation is currently around 4%, being held low in line with EU policy. It is also a member state of the United Nations, the Commonwealth and the Council of Europe. QUALITY OF LIFE IN CYPRUS The standard of living and the quality of life in Cyprus are excellent. A virtually pollution-Free environment, enviably low crime rates and areas of untouched natural beauty make the island a comfortable, stress-Free and magnificent place to reside. CYPRUS ECONOMY
COST OF LIVING IN CYPRUS The relatively low cost of living is just another reason why life in Cyprus is so appealing to many foreigners wishing to purchase a home abroad. A couple for example, can live comfortably on CY£7,000.00 p.a. Eating out, everyday groceries and general services compare Favorably to the price levels in the UK and other European destinations. CHURCH SERVICES IN CYPRUS Although Cyprus is basically a Greek Orthodox country, Anglican and Catholic church services are held regularly. TV, RADIO AND CINEMA Approximately half of radio and TV programs are in English and include European and international news broadcasts. Almost all international TV and cinema Films are shown with their original English language soundtrack and Greek subtitles. Satellite TV reception includes almost all digital channels. CYPRUS NEWSPAPERS
RESIDENCE PERMIT Buying property in Cyprus does not imply the issue of a residence permit nor of a work permit. The fact however, that a Council of Ministers’ permission for acquiring property was given to a foreigner, will make an application for residence permit be looked upon more favorably by the Immigration Control Board (and in fact this is rarely refused). To obtain a Cypriot citizenship, a written application must be submitted to the Immigration Department. Each case is looked individually. Successful applications are usually the ones made by: (a) Foreigners married for over five years with persons of Cypriot origin. (b) People residing in Cyprus that has totaled 10 years of stay on the island within a 13 year period. THE PEOPLE OF CYPRUS The
people of Cyprus owe their individuality and warmth Perhaps that's why Cypriots have a special knack for making visitors feel at home as soon as they step off the plane or ship. That warm welcome, together with the unhurried pace of daily life, makes Cyprus an instant Favorite amongst visitors and residents alike. LIMASSOL The city of Lemesos (Limassol) is situated in a picturesque location on the shores of the Bay of Akrotiri and it is the Island's largest seaside resort. Since the middle Ages, the city has been known to traders for its wine and sugar cane. Nowadays, Limassol Is the biggest port in the Mediterranean transit trade and one of the most important tourism, trade and service-providing centers in the area. Limassol boasts a wide range of permanent and holiday accommodation ranging from luxury hotels to apartments and villas and also an attractive newly-completed marina equipped with every facility for the yachtsman. The city offers a variety of restaurants and tavernas serving the whole range of local and international dishes and it is also famous for its night entertainment, modern discos and steamy nightclubs. Limassol is renowned for its long cultural tradition. In the city's environs there are numerous archaeological sites to visit covering the whole spectrum of the island's history including the Neolithic settlement at Sotera, the Greco - Roman theatre in Kourion, the Mediaeval Kolossi Castle and several Byzantine churches. Just outside Limassol, on the mountain slopes, there are the picturesque villages known around the world for their excellent wines, including the famous Commandaria. With its fun-loving people, It Is no surprise that only Limassol stages some of the Island s best-known festivals such as the annual Wine Festival in September with various wineries offering free samples of their products for ten days. The hospitality and lively nature of the people of Limassol is as inviting as it is welcoming to both holiday makers and people looking for permanent residence.
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