Expat Cyprus News

Latest 10 news items tagged Cyprus

1 Nov at 6 PM 2016

Brexit may benefit Cyprus finance industry whilst threatening expat lifestyles

Out of around 80,000 British expats living in Cyprus, a good percentage work in the finance industry and are now uncertain about possible Brexit changes in their roles. Concern over Brexit’s future effect on the hundreds of thousands of British expats living, retiring or working in EU member states has mostly focused on the right to remain, healthcare issues and the falling pound. However, Cyprus’s offshore banking industry, its two British Army bases and the island’s tourism sector will also feel its effects. Around half...
25 Oct at 6 PM 2016

Wealthy expats offered EU passports by Cypriot authorities

The European Parliament is furious with Cyprus for offering wealthy expats and their families fast-tracked European Union passports. The Cypriot government has just changed the requirements for their ‘citizenship by investment’ scheme, allowing wealthy expats to purchase EU passports and the right to remain for a sum of around 2.5 million euros. After just three months as part of the revised programme, expat investors are granted an EU passport, residency in Cyprus and free access to the Shengen zone. The island’s governing body...
11 Oct at 6 PM 2016

Best European countries for expat self-employment

Having the courage to quit your job and become and self-employed in your county of birth is scary enough, but for many the thought of doing it as an expat can be terrifying. Working for oneself in an unfamiliar foreign location may seem like an impossible dream, but for those with entrepreneurial spirits it can become reality, especially in Europe. A few European countries even encourage expat talent by offering help such as tax breaks and set-up assistance. Montenegro in the Balkans isn’t exactly a dream location for tech...
27 Sep at 6 PM 2016

Expat buyers rush for properties in Cyprus

The Cypriot property market’s surprise recovery is being led by foreign buyers and is showing a significant increase in sales over the past months. Although interest from Cypriot buyers is still at an all-time low due to difficulties in getting loans, foreign buyers have stepped in and are behind a huge improvement in the island’s real estate market. Local estate agents believe the present time is the best for those investing in property, as prices are still comparatively stable and there’s a good choice of homes available....
22 Sep at 4 PM 2016

Totals of UK expat pensioners winter fuel payments slashed following crackdown

The recent crackdown on payment of winter fuel allowances to UK expat pensioners living overseas has resulted in the total cost of providing the benefit falling by two-thirds. The British government’s bill for winter fuel payments to pensioners living outside the UK has fallen dramatically since new rules for its entitlement were brought in. The winter of 2015/2016 saw just 42,015 pensioners resident in EU member states receiving the benefit, a striking contrast to the 2014/2015 payments to 137,845 expat retirees. Former work and...
14 Sep at 6 PM 2016

Expats in North Cyprus may get their evening entertainment back

Popular with tourists and a smaller number of expat residents than in the southern part of the island, North Cyprus was a desert last year as regards evening fun due to restrictions on visiting entertainers. Many Brits considering emigrating to Cyprus after their retirement kicks in may not even be aware that North Cyprus is also a residential option as well as a popular tourist destination. However, for several years, the number of expatriate entertainers working in local pubs and clubs has been severely curtailed due to difficulties...
13 Sep at 6 PM 2016

Post Brexit expats may need residency visas to live in Europe

According to the Home Office, Britons planning to emigrate to European Union member states may well need long-term residency visas. European countries are favourite destinations for British citizens wishing to retire overseas, with the EU freedom of movement laws allowing easy access. The Brexit vote takes away freedom of movement, potentially wrecking the plans of many thousands of UK state pensioners searching for a lower cost of living and warmer weather. Once Britain leaves the EU, freedom of movement will become a thing of...
8 Sep at 6 PM 2016

How to enjoy expat life by working fewer hours

Expat lifestyle surveys aren’t just about how much money is earned, where’s the surest destination for fast career advancement and what’s best for families, they’re also about spending as little time as possible in the office. Expat networking website InterNations’ latest survey is hitting the headlines by identifying the top relocation destinations for those wanting to work as few hours as is possible. Spending as little time as possible in the office allows more time to be spent enjoying your new country, even although the...
6 Sep at 6 PM 2016

Expats in Cyprus urged to make UK as well as Cypriot wills

Making a will is one task likely to be overlooked, as the disposal of assets after your demise it’s not a pleasant thought. However unappealing the thought of making a will may be, it’s a necessity if there are assets to distribute after your death. For expats living in Cyprus, it’s even more important, as Brexit may change many legal rules covering wills and inheritances. Although the status quo for expats won’t change until the moment when the UK finally leaves the EU, the present situation in which UK expats on Cyprus...
26 Aug at 6 PM 2016

Brit expats in Cyprus urged to register their residency

British expats living in Cyprus are being urged to register with the island’s Immigration Department in order to ensure the best chance of being able to stay after Britain leaves the EU. The advice is being offered to all British nationals living, working or owning businesses in Cyprus, pending an online information campaign being run locally to keep expats up to date with developments. The online notification site was started to keep worried expats in the loop as regards Brexit negotiations concerning expats’ status on the...