Tips On Living In North Cyprus
You will pleasantly surprised to hear that Cyprus has one of the lowest crime rates in Europe and this is what makes the island so attractive to anyone wishing to invest in the Cyprus Property market. Apart from feeling secure on the island you will notice the very relaxed atmosphere amongst the local residents, so much so it has been compared 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.
If you do purchase a property in Cyprus you may consider making a few economic savings. Solar heating is an cheap alternative and its adoption is relatively inexpensive, having a payback period of approximately 5 years. If you will have a garden, it is advisable to drill a borehole for watering as the water charges rise more than proportionately with consumption. This will cost around 360 for the borehole and the pump, although it will depend on the depth of the borehole. The drilling of a borehole requires a Government permit first.
If you have a business and would like to move to Cyprus you will have no problem in acquiring a property as along it were to be used for the running that business. Permanent residents in Cyprus have to pay tax on world wide earnings but the good news is that they have almost the lowest rate in Europe , and this is extremely beneficial for people who 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.
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