Moving To Cyprus

Cost of Relocation to Cyprus

Living in Cyprus can be quite inexpensive as long as you budget correctly. Below is a table which is a reliable indicator of how much you will have to spend per month on living expenses. Needless to say, external factors and unusual expenses might increase or decrease this number by a bit or a lot.

Groceries and healthcare can be especially inexpensive. However, just like any place, the costs of avoidable expenses, such as eating out too frequently and spending frivolously, can add up quite quickly.

Although budgeting for a new place can be overwhelming and the moving-in costs can add up, you can avail of our services at ISS, one of the best moving companies in Cyprus, if you want to move without worry.

It is worth mentioning that the costs in the city center and the costs outside it can differ vastly. Hence, it is worth pondering over which part of the city best fits your needs.

This is an average expense chart for south Cyprus. If you are moving to North Cyprus, the costs might be somewhat different, just like the costs for the city center and outside the city center.

Housing In Cyprus

There are many options available when it comes to finding a place to live in Cyprus. Since renting or buying a home is a big financial commitment, it is important to find an ideal place that fits all your requirements.

First off, make a checklist that you need in a potential residence. Then, budget. Budgeting is extremely important as a new resident of any place since you want to cut back on as many costs as you possibly can. Then, decide on a location. The list of the most popular expat destinations in Cyprus might be a reliable list of options.

Our team at ISS Relocations, one of the best moving companies in Cyprus, can help you have a seamless moving-in experience. Our movers in Cyprus will take good care of your belongings and help you move in smoothly.

HealthCare System In Cyprus

The healthcare system in Cyprus is quite affordable and effective. This is another reason why expats think of ISS for removals to Cyprus when considering moving. Like most places, they have two sectors of healthcare, including the public and private sectors. However, unlike most places, not only is their public healthcare system efficient, but their private healthcare system is also quite affordable.

Their public healthcare system is majorly financed by the taxes you pay and your social service contributions, which are obligatory. This system is accessible to the residents of Cyprus. The status of residency is determined by their period of stay in Cyprus. Anyone who has lived over 3 months in Cyprus is considered a resident.

Since public healthcare can often have long waiting lists, many expats choose to opt for a private healthcare service. There are two kinds of plans you can choose from. One is the flexible international health care plan, which is a little more expensive than the other, which is the plan you can opt to get from a local private medical insurance company.

Medications are readily available in Cyprian pharmacies, which are open for the majority of the day. In certain areas, night pharmacies are also an option. Nationwide emergency services are also available here, and who can be contacted on 112 or 199.

Taxation In Cyprus

The taxation rates in Cyprus are quite low compared to other countries.

For starters, there is no income tax on the first €19,500 personal income per year. This is why a large part of the Cyprian population does not pay taxes.

Every employee also has to pay a 6-7% income tax on their personal income.

The rates for personal income taxes are as follows:

Education In Cyprus

In Cyprus, both primary and secondary schooling are required. From the age of five to the age of eighteen, all classes are free to attend, and from the age of five to fifteen, attendance is required. Greek is used as the primary language of teaching, with English beginning in first grade.

Work Market In Cyprus

While our team at ISS Relocations, one of the best removal companies in Cyprus, will take care of all removals to Cyprus, you can focus on finding a stable source of income for your stay here.

As mentioned earlier, nationals who are coming in from the EU or the EEA have free access to work in the Cyprian area. However, for those who are non-EU or EEA residents, the process of applying for work is a tad bit different.

When wanting to work in Cyprus as an international resident, you will be required to apply for a work permit in advance. Once your employment visa is granted, you may work here for a limited period of time.

You can only get a work visa if you are employed by a Cyprian entity, and this is also only valid for a limited period of time, which is not more than 2 years.

Some documents you will require include:

• A copy of your passport;
• All relevant certificates proving your qualifications;
• The contract of employment, stating your annual salary;
• A bank guarantee;
• A medical examination certificate;
• A full medical insurance certificate;
• A certificate of criminal record, if relevant.

It is quite simple to get a job as a refugee as long as you have been officially recognized as a refugee or granted subsidiary protection. Once you have said status, you are eligible for any kind of employment from the date of the recognition.