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The Ultimate Cyprus 🇨🇾 Relocation Guide I moved here in 2019 & helped hundreds of people move here since. Here's everything you need to know before coming: 1️⃣ Let's start with Residency: > EU citizens: Easy. You just need the yellow slip & can stay as long as you want > Non-EU: The easiest & fastest way is PR by investment (property worth 300.000€) > This PR will turn into a Golden Visa once Cyprus enters Schengen > Without it, non-EU citizens can only stay 90 days As a non-EU citizen you can also stay under a visitor visa, but you're not allowed to work or open a company. If you're married to an EU citizen, we can go via the MEU2 (pink slip) route. In any case, we'll find the right visa for you. 2️⃣ Tax residency: Spend 183 days here, or just 60 days with the 60-day rule if you: > Buy or rent a home here for at least 12 months > Open a company (Cyprus Ltd.) or work here > Don't spend 183+ days in any other country > Don't trigger tax residency elsewhere Once you fulfill those requirements, we can get your tax residency certificate within a week, which you can present to your home country if they question where you pay tax. Cyprus has double tax treaties with 65+ countries, so we make sure your only tax liability is in Cyprus. 3️⃣ Non-Dom status: > 0% tax on dividends for 17 years > 0% tax on interest > 0% capital gains tax on shares & ETFs > 0% inheritance, gift & wealth tax > No exit tax The Non-Dom status is a special tax status on top of your tax residency. It's for anyone who isn't Cypriot by birth & hasn't lived in Cyprus for 17 of the last 20 years. As of 2026 we can also extend the Non-Dom status for 10 more years. So 27 in total. More than enough time to make a bunch of money, tax-free. 4️⃣ Company Formation: > Cyprus Ltd. & bank account in under a month > 15% corporate tax (3% via IP Box Regime) > Setup: approx. 2.000€ > Accounting: 150 to 300€ a month (depending on volume) > Audit: approx. 1.500€ a year Cyprus is OECD-compliant & not on any EU or FATF grey list, so doing business inside & outside the EU runs smoothly. You can easily open Stripe, Revolut & Wise accounts. Even Swiss private banks work with Cyprus entities. 5️⃣ Banking: > Biggest banks: Bank of Cyprus, Hellenic Bank, Eurobank & Alpha Bank > Personal & business accounts in English, with online banking & Apple Pay > Every deposit up to 100.000€ is protected by EU law And yes, I know about 2013. Cypriot banks held Greek government bonds, Greece had a crisis & the EU forced a haircut on deposits over 100.000€ in return for a 10B€ bailout. The banking system recovered, Cyprus is back to an A credit rating & has one of the highest budget surpluses in the EU. Banking in Cyprus is safe. But you are not forced to bank locally. 6️⃣ Cost of living: > Modern apartment: 1.000 to 2.000€ rent > Villa with private pool & sea view: 2.000 to 5.000€ rent (high end) > Electricity: 50 to 100€ a month (using AC daily) > Groceries for 2 people: 120€ a week > Car MOT: 35€ for 2 years (insanely cheap) > Car insurance: 200 to 600€ a year (my SLK is 200€, my McLaren & G-Wagon 600€ each) 7️⃣ Where to live: > Limassol: business hub, marina lifestyle, luxury living (but also most expensive) > Paphos: lots of nature, very popular for families & digital entrepreneurs, small airport (I live here) > Larnaca: main airport, best if you travel a lot > Nicosia: capital city & all government offices are there > Ayia Napa: beautiful beaches, party area but very seasonal 8️⃣ Renting & buying: Most of our clients rent for 1-2 years first & then buy a property here. Average asking prices per m² in 2026: > Limassol: approx. 5.000€ > Paphos: approx. 4.000€ > Larnaca: approx. 3.000€ > Nicosia: approx. 2.300€ When buying, you have 2 options: > Resale: no VAT & ready to move in, but often older building standards & hidden renovation costs > Offplan: modern, flexible payment plans & usually 15 to 20% price increase by completion Either way: no yearly property tax, nor wealth tax applies. The Cyprus property market is booming. This June sales hit a record, up 27% vs. last year. Demand outweighs supply, so prices will keep going up. Loans via Cyprus banks are possible too, once you have 1 to 2 years of income history in Cyprus. 9️⃣ Worth mentioning: > Cyprus has many international schools & universities > Public healthcare (GESY) is great & covers you EU-wide with the blue EHIC card > It costs 2.65% of your income, capped at 4.770€ a year > English is spoken everywhere & we drive on the left (former British colony) > Today we are a full EU member with Euro currency In general, life in Cyprus is peaceful, beautiful & offers beaches, mountains & even skiing in winter. I'm 28 years old, I've visited 25+ countries & lived in the UAE, Thailand & Bali, but nothing comes close to Cyprus. It's a magical place. 320+ days of sun, mild winters & the cleanest sea water in the EU. And in 7 years I've never seen a serious crime here. To be fair, some things are slow here. Your first weeks are paperwork & waiting. But we make sure everything is done within a month. And once you're settled, trust me, every day feels like living in paradise. Any questions? Ask below & I’ll answer every single one. – at Cyprus