Tips On Living In North 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’ll notice immediately the resting tone that life in Cyprus endures, where crime is not a day to day problem and some compare the Island to pre war Britain.
In some ways the European community is fantastic, especially that you can now go and work in any member state. Cyprus is no exception, so now buying a property in Cyprus doesn’t just mean buying a holiday home as you can work and live there all year round.
Any European Citizen who decides to Work in Cyprus will have to register at the Alien Central Register. Once you have registered you can look for work either at the job centre or privately. A residence permit must be applied for within the first three months of living there.
When it comes to living in a country it is always a good idea to make as many savings as possible. One great alternative in Cyprus is solar energy as it’s both cheap to run and install and will only take about five years to cover your total costs. Another effective saving is on water as you’re able to bore your own well. With a government license and about 360 in costs you’ll actually be provided with a free water source.
If you would like to start your own business in Cyprus, purchasing a property for commercial use is not a problem at all. Another advantage in Cyprus for permanent residents is that the income tax rate is one of the lowest in Europe, although you do have to declare your worldwide income, but this is an ideal tax haven for retired people.
By European standards, Cyprus is affordable 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 select to live in Cyprus.