Are you thinking about moving to Cyprus?
Of the ever-increasing number of British residents
contemplating a new life abroad, many now
consider moving to Cyprus as having a serious advantages
over other Mediterranean destinations.
There
are more than a few good reasons for moving to Cyprus
Whilst many Brits consider the facts that Cypriot
crime rates are only 16% of the European average,
living costs are substantially lower than
the UK and the Republic is one of only four E.U.
countries where vehicles still drive on the 'proper'
side of the road to be good reasons for moving
to Cyprus, there are other, rather more tangible
arguments to be thrown into the equation.
In fact, the Republic's tax system is officially
the 2nd most benevolent of any E.U. country,
far more beneficial to foreign investors and businesses
than its Spanish or French equivalents.
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A move to Cyprus is no longer simply about retiring
in the Mediterranean sun
Whilst Cyprus is still seen by many primarily as a convenient
retirement destination, the past few years have seen an
increasing trend for foreign professionals and companies
to use the Republic as a convenient and cost-effective
base from which to trade in the lucrative Middle Eastern
markets.
This trend is most evident in the foothills of the Troodos
Mountains inland from Limassol, which are rapidly becoming
the prime buying destination for foreign professionals
moving to Cyprus, driven by a need to stay within easy
reach to the Republic's commercial heart, but an equally
strong desire to get away from the many holiday and retirement
developments found along the coastal stretches.
Similarly, since the Republic's ascension to full European
Union membership in May 2004, an increasing number of
overseas companies (especially those with interests in
the Middle East and North Africa) have come to realise
that moving to Cyprus, although initially a large scale
undertaking, presents them with a large number of long-term
advantages, both financial and logistical.
But a move to Cyprus is not just for high-flying professionals
and international businesses. Indeed, a growing number
of British tradesmen (and women of course) are realising
that the Republic suffers from something of a shortage
as far as qualified craftsmen and women are
concerned, thus making it an ideal territory for business
start-ups, especially in light of future developments
which are set to see the British expatriate population
in Cyprus rise dramatically from its current level of
60,000.
For these individuals , moving to Cyprus as opposed
to other destinations such as Spain or Portugal is ultimately
as much about the Republic's future potential as it
is about a new life in the sun.
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