Expat Cyprus News

Latest 10 news items tagged Cyprus

1 Jul at 6 PM 2016

Buying residency in popular EU countries restricted to wealthy expats

Securing an idyllic expat life post-Brexit as a resident in favourite European destinations is proving to be only an option for the wealthy. The rush for European passports is gathering steam as the full implications of Brexit hit home, but unless applicants are long-stay or have nationals of that country in their ancestry, there’s no chance unless big money is handed over. Various countries are now offering citizenship to Britishers affected by Brexit – but only at a staggering price. The vast majority of the 1.2 million...
21 Jun at 6 PM 2016

Cyprus government running scared of the Brexit effect

In spite of appeals from British expats, the Cypriot government is keeping its cards very close to its chest as regards the possibly devastating effects of a Brexit on the local economy. Reports of a probable collapse of tourism to the island plus the loss of a large number of British expats now in residence have been circulating for several weeks. However, if the government has any contingency plans, it’s in no hurry at all to divulge them to either the expat community or its own population, the majority of whom are involved in the...
14 Jun at 6 PM 2016

Brexit currency fluctuation scares dont work on expats in Cyprus

With the remain/leave debate accelerating by the hour, the latest attempt by the Remain campaign has been to focus on the falling value of post Brexit sterling. Whichever group is putting itself forward at any one point in time, one thing they both agree on is that the value of sterling will take a significant hit should the UK vote to leave the EU. Expats living across most of the 28 EU member states also realise this, and are able to work out the ramifications themselves. Let’s face it, they’ve been through enough exchange rate...
13 Jun at 6 PM 2016

Cyprus president upsets UK expats during London Greek Radio interview

During his visit to the UK, Cyprus President Nicos Anastasiades managed to alienate UK expats living in Cyprus with his lack of concern for their plight should Brexit become a reality. The interview on London Greek Radio was set up to encourage the high number of Cypriot expats living and working in the UK to vote ‘Remain’ in order to strengthen their positions as UK residents. Due to Cyprus’s history as part of the Commonwealth, Cypriot expats are allowed to vote in all UK elections including the Brexit referendum, unlike...
10 Jun at 6 PM 2016

Brit expats in Cyprus fear post Brexit loss of bank savings

Amongst the endless debates about the ramifications of a Leave vote, British expats living in Cyprus now have a new concern about the possible fate of their bank deposits. In spite of the thousands of media pages both on and offline devoted to examining and re-examining the plight of British expats in Europe in the event of a Brexit, one topic has been ignored. Expats in Cyprus, however, still remember the 2013 bail-in which resulted in the confiscation of legally held bank deposits totalling over $100,000. In addition, over the years...
18 Apr at 6 PM 2016

Expat business in Spain fear results of Brexit yes vote

Brexit is fast becoming the topic of the decade for UK expats living in Eurozone countries. Rumours, speculation, whispers, reports, blogs and more, but no real information as to the effect on the British people and British expats living in Europe. This is <a target="_blank" href="http://www.exchangerates.org.uk/news/tag/brexit.html">Brexit</a> 2016, and the furore is expected to increase the closer it comes to June 23. As well as causing controversy within Europe’s widespread UK expat community,...
15 Apr at 6 PM 2016

Cypriot government ignoring UK expats Brexit concerns

Brexit-related concerns of British expats living and working in Cyprus are being ignored by the island’s government. For many decades Cyprus has been a favourite with British expats, whether for retirement or for business, with an estimated 60,000 former UK residents living a life enhanced by sunshine, lower taxes and stunning surroundings. At least 12,000 are pensioners, with many more drawing nearer to pensionable age. Having survived the banking chaos and temporary freezing of their funds caused by the financial meltdown, Brit...
13 Apr at 6 PM 2016

Expat buy to let mortgage demand still strong

In spite of new restrictions introduced by the government in March’s budget, the expat buy to let mortgage market is seeing increased demand for its products. Expats wishing to maintain a foothold in the British property market are now being offered a wider choice of buy to let mortgages. UK property prices are still climbing faster than the 2015 global average, making buy to let not only a source of regular income but also a good bet for capital increases. In order to increase their market share, new guys in the game Skipton...
9 Mar at 6 PM 2016

UK expats in Cyprus demand end to 15 year overseas votes law

As debate over the upcoming Brexit referendum hots up in expat destinations worldwide, UK citizens living in Cyprus are demanding an end to the controversial 15-year rule which limits voting rights. At present, expats who have lived overseas for more than 15 years are denied the right to vote in general and local elections or referendums affecting the UK’s standing. During the past several years, opposition to the rule has been growing and is now coming to a head amongst UK citizens working overseas or living in retirement havens....
23 Jul at 6 PM 2015

Barclays to close expat accounts unless six-figure sum deposited

Expat in a number of countries face the prospect of their Barclays Bank accounts being closed down unless they have a balance of at least £100,000. The bank announced that it would close down accounts that were not worth £100,000 within a couple of months, meaning many Brits living abroad will need to deposit huge sums of money should they wish to keep their business links with the lender. Barclays has already sent letters out to expats in Cyprus acknowledging that they know they may be disappointed by the ruling, and stating that...