Why Cyprus – Emigrate to Cyprus and enjoy life
We support you on your journey.
Cyprus has become an attractive destination for people from all over the world in recent years, as there are hardly any disadvantages for foreigners. If you are looking for a place that offers both a high quality of life and excellent job opportunities, the Mediterranean island is ideal. With a rich history, cultural diversity, an interesting tax system and beautiful landscapes, Cyprus residency offers a wealth of benefits. We provide you with an overview with facts on the page in the post. These are the reasons why you should emigrate to Cyprus:
1. Establish a Cyprus LTD after emigrating to Cyprus
If you establish a Limited Company in Cyprus, you will benefit from numerous advantages as an EU citizen. The country attracts entrepreneurs with one of the lowest corporate tax rates within the EU. At just 12.5%, taxation is really low. A major plus for non-residents or Non-Doms: There is no dividend tax. Capital gains tax on the sale of securities or cryptocurrencies is also eliminated. But Cyprus offers good conditions not only financially. The process of company formation of the Cyprus Limited is relatively easy and uncomplicated with tax experts like us. This is particularly attractive for international business people.
2. The climate of the Republic of Cyprus
The Mediterranean climate of Cyprus is a major attraction for people for whom emigrating to Cyprus is an issue. With more than 300 days of sunshine a year, residents on the Mediterranean can experience mild winters and warm summers without being overwhelmed by excessive heat. The weather is perfect for a variety of outdoor activities all year round – from water sports to hikes through the beautiful landscape. Life under the sun is simply better and feels like paradise!
3. The beautiful beaches and the sea
The emigration country of Cyprus is known for its breathtaking beaches such as Nissi Beach, Coral Bay Beach or Lara Beach and the crystal-clear waters of the Mediterranean. Would you prefer to spend your days on a lively beach with all amenities or are you looking for a secluded place to live where you can easily enjoy the peace and beauty of nature? Cyprus has something to offer for everyone. Both sun lovers and outdoor fans get their money’s worth. With a move to Cyprus, you ensure a better work-life balance and set a new standard!
Rescue your business from crisis and save on taxes in Cyprus!
Benefit from attractive tax regulations and a high quality of life in Cyprus. Our experienced team will guide you through the complex tax landscape and help you effectively reduce your tax burden. Cyprus offers not only tax advantages but also a pleasant climate, beautiful beaches, and a vibrant culture.
4. No new foreign language necessary if you emigrate to the Mediterranean island
Although Greek and Turkish are the official languages of Cyprus, English is widely spoken in Southern Cyprus in cities such as Paphos, Protaras or Limassol and is spoken fluently by most residents. Therefore, communication and thus integration as a German is easy for you. You do not have to learn a new language to live and work successfully.
5. The family-friendly island of Cyprus
Cyprus is known for its family-friendly atmosphere. With a variety of excellent schools, safe communities and a wealth of activities for children of all ages, it is an ideal place for families. In addition, the Mediterranean island offers a contrasting landscape with picturesque beaches, green valleys and impressive mountain peaks – perfect for families who love adventure and discovery. With a move to Cyprus, you create an ideal environment for the children.
6. Favorable cost of living in the Republic of Cyprus
Are you asking yourself: “Where to emigrate with little money?” If you compare the third largest Mediterranean island with other European countries, you will quickly realize that the cost of living in Cyprus is comparatively low. This includes favorable Cyprus prices for:
- The rent
- Food
- Means of transport
In this way, you use your money effectively and enjoy a great feeling of life without having to worry about high expenses. This is how you lower your cost of living and benefit from tax optimization due to the advantageous conditions.
7. Tax advantages as a Cyprus Non-Dom
If you live at least 61 days (60-day rule) in Cyprus and, for example, want to establish your business as a Non-Dom person in the form of a Cyprus Ltd, you can access a range of tax advantages. If you compare these advantages with those of other European countries, you will certainly be thrilled. However, you must meet this requirement: Your place of birth must not be Cyprus and you should spend less than 180 days a year in another country. In this way, you benefit from a low tax rate and various exemptions with the Non-Dom status. These advantages are particularly useful for people who travel a lot and simply want to have a tax residence in Cyprus. We will be happy to advise you on Non-Dom status if you are thinking about emigrating to Cyprus. With this step, you can better plan your finances and optimize the tax burden.
8. Flight connections to the island of Cyprus
Cyprus is the perfect place for travelers looking for a unique and engaging experience. With extremely good connections to the European and international flight network, it is easy to reach this beautiful island. There are regular direct flights to many major cities in Europe and the Middle East. The airports Larnaca and Paphos are modern and well equipped. Therefore, traveling to and from Cyprus is pleasant. This is ideal for international companies on the one hand. On the other hand, you also benefit privately. After emigrating to Cyprus, you can regularly visit your loved ones in your home country with a short flight time. Visits from the family are also possible, as they can fly directly from Germany to Cyprus.
9. Emigrate to Cyprus as an EU citizen: Easier registration process with relocation services such as BS Holding
Sun-drenched Cyprus attracts numerous expatriates, leading to a high demand for relocation services from companies like BS Holding. But what exactly is a relocation service? Simply put: We assist you with all your concerns regarding registration in another country. The associated process can be very time-consuming and complicated, as numerous offices and authorities are involved. However, with our assistance, registration in Cyprus becomes a stress-free endeavor. Relax and trust us to handle the process smoothly and efficiently for you.
Relocating to Cyprus is easier than ever before! As an EU citizen, you do not even need a visa if you wish to work on the island after immigration. Instead, the Yellow Slip, a special residence permit, is required. For example, as a German national with a long-term stay, this grants you access to Cypriot health insurance. We are happy to advise you and answer your questions to ensure you obtain the Yellow Slip without complications. This way, you can enjoy your residency experience on the Mediterranean island from the very beginning.
Assistance with registration and potential visa application for non-EU citizens
When relocating to Cyprus, you must rent or purchase an apartment and then submit a utility bill as proof of address when applying for the Yellow Slip. This may seem complicated at first, especially if you are unfamiliar with the process. This is where relocation services like BS Holding can be of great assistance. We are conveniently located. We assist those relocating by preparing all necessary documents for the Yellow Slip and facilitating the application process. Afterward, we can also assist you with obtaining Non-Dom status. This way, in conjunction with the 60-day rule, you can enjoy many tax advantages. Furthermore, we can also assist you if you wish to establish a Cyprus Ltd. or are looking for real estate. BS Holding knows the requirements you must meet in detail! We address your individual situation and provide you with a tailored solution.
Free Consultation for Relocation to Cyprus
Assistance with registering children and other important formalities in Cyprus
One of the most important tasks is applying for the Yellow Slip with the utility bill. However, there are many other formalities that you need to complete. These include, for example, registering your child in a school or kindergarten. This is where we come in! With our extensive knowledge of the local education system, we assist you in selecting suitable institutions. Opening a bank account and registering for electricity and gas are also common tasks we handle with expats. To ensure everything runs smoothly, you should contact us as early as possible. As tax advisors in the Greek part of the island, you can rely on us.
For example, we know which schools in Paphos cater to the needs of expatriates and what financial obligations you will encounter.
Assistance with Housing Search
Companies like BS Holding offer valuable assistance with housing search by utilizing our extensive knowledge of the local real estate market for purchase and rental properties. This allows us to suitable accommodations, that meet your needs, recommend. With this support, we significantly simplify the arduous search for a property in Cyprus. With us, you can fully concentrate on your new chapter of life with residency in Cyprus. Simply send us an email or contact us via our website.
Cultural Orientation for Better Understanding: Getting to know the inhabitants and history of Cyprus
Those who move to a new environment often experience not only organizational stress but also a cultural adjustment. Here too, relocation services offer practical support. We not only assist you with organizing your move abroad. We also stand by your side if you wish to learn more about Cyprus’s history and culture. With information on local customs and laws, those relocating can avoid cultural misunderstandings. This way, you can integrate quickly and better into your new environment.
10. Cypriot Hospitality on the Island
A warm welcome awaits visitors on the beautiful island of Cyprus. Cypriots are known for their welcoming and friendly nature. With a proud view of their rich culture and history, they gladly show guests the beauty of their country and share the stories behind the historical sights. Hospitality is palpable in all aspects of life on the island. Enjoy it by savoring local Cypriot cuisine like Meze in quaint restaurants or by participating in cultural events. In Cyprus, you will experience and discover something new throughout the year. Furthermore, in Cyprus, you will find all kinds of fascinating food. The diverse mix has created a culinary culture that offers something for everyone.
11. Experience High Peaks for Hikers
Cyprus is a unique expatriate destination that offers many different opportunities. Discover the nature and culture of the third-largest Mediterranean island. One of its most remarkable features is its majestic mountains – especially the Troodos Mountains. Here, there is an abundance of outdoor activities. For example, hike through the breathtaking landscapes or try cycling along the picturesque mountain roads. Skiing is also possible in winter. However, the mountains offer more than just sporting activities. You will also find charming villages and historic monasteries that provide excellent insights into the island’s history and culture.
A visit to the mountains is definitely worthwhile.
12. Many Online Entrepreneurs with the Same Mindset
Cyprus (and particularly the city of Paphos) has developed into a hotspot for online entrepreneurs and freelancers in recent years. With a rich array of advantages, this island has attracted many individuals who are successful online. Here, there is a vibrant community of like-minded individuals and interesting contacts. People support each other. Places like the Office Space in Paphos are popular meeting points for self-employed individuals and employees in international occupations. Through active collaboration and lively exchange, these entrepreneurs learn from each other, fully realize their potential, and increase their company’s income in the Mediterranean. Here in Cyprus, the idea of collaboration is highly valued – which is also reflected in the success and growth of online entrepreneurs and digital nomads.
Therefore, relocate your center of life to maximize your income and enjoy a life in a prime location. Cyprus may not be a classic tax haven, but after company formation on the third-largest Mediterranean island, a variety of benefits await you. Contact us if you need assistance!
13. Medical Care on the Island
Cyprus is known for its high standard of medical care. The country’s healthcare system combines public and private services, making it a diverse and effective institution. Doctors and specialists often have foreign training. What makes Cyprus even more attractive is the relatively low cost of private medical care compared to many other European countries. This means that locals and tourists alike can rely on high-quality medical care. Retirees are also covered by the healthcare system as expatriates and are entitled to medical care in retirement.
14. Enjoy Regional Produce
The fresh taste of local fruits and vegetables is one of the many advantages of living in Cyprus. The island’s fertile soils and favorable climate have allowed farmers to cultivate a wide range of produce. Regional products include citrus fruits, olives, tomatoes, and potatoes. These organic ingredients provide a fantastic taste. Additionally, you support the economy by purchasing local items.
15. Entrepreneur-Friendly Laws & Policies
In recent years, Cyprus has made significant efforts to create a favorable environment for entrepreneurs. The government has implemented a variety of measures to facilitate both the establishment and operation of businesses. Some of these measures include:
- Reduced corporate tax
- Introduction of tax incentives for start-ups
- Simplification of business licensing procedures.
Such decisions have contributed to the creation of an entrepreneur-friendly climate. This has made Cyprus an attractive location for international companies and investors. Thanks to these initiatives, the country is experiencing steady growth in business formations, including companies such as offshore companies, and investments.
16. Less Bureaucracy than in Germany or Austria
Life in Cyprus is not a bureaucratic jungle. Compared to other countries, bureaucracy is more the exception than the rule. Furthermore, with us, you don’t need to worry about it at all. Whether it’s about establishing a company, registering a car, or moving into a new apartment – in Cyprus, you can rely on us as tax experts. Rather, invest your time in the pleasant things that life in Cyprus offers.
17. Very High Quality of Life and More Relaxed Living
Cyprus is known for its exceptionally high quality of life. The combination of a pleasant climate, beautiful scenery, clean air, a safe environment, and friendly people makes life on the island extremely attractive. Especially for those who prefer a more relaxed pace of life, Cyprus is an excellent place to live. Here you can recover from a hectic daily routine and achieve a better work-life balance. On the island, you will find a living environment that suits your needs and preferences.
18. Member of the EU & Eurozone
As a member of the European Union and the Eurozone, Cyprus offers many advantages to its citizens and residents. Firstly, they benefit from freedom of travel within the EU. Secondly, there is a common currency, which facilitates international trade. Furthermore, the EU offers strong protective mechanisms in areas such as health, education, and labor law. This creates a sense of security and stability for the residents of Cyprus. They know that their rights and interests are protected by a strong political union. The EU also offers a variety of advantages for entrepreneurs, who gain access to the European market and funding programs.
Please note that we do not offer relocation services for the Turkish Republic of Northern Cyprus. If you wish to live in Cyprus with a European standard of living, then the south is the primary choice. In cities like Paphos, Larnaca, or the capital Nicosia, you can live luxuriously all year round after emigrating and save on taxes as an expat.
