Expat Cyprus News

Latest 10 news items tagged Cyprus

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...
6 Mar at 9 AM 2015

Expats can easily obtain antibiotics in many countries

New data shows that Brits in some of the most popular Mediterranean countries to relocate to can get their hands on antibiotics without too many problems. Greece leads the way when it comes to dishing out prescriptions, with more than 39 daily antibiotic doses per 1,000 inhabitants per day, according to the European Centre for Disease Prevention and Control (ECDC). Cyprus is next on 31, while Luxembourg, France and Belgium (all 28 doses per day per 1,000 inhabitants) complete the top five. Research from Public Health England...
25 Feb at 6 PM 2015

UK: Changes to pension tax to affect expats

British retirees looking to cash in their pensions could benefit because of changes to the rules regarding withdrawing lump sums that will be introduced in April. The new regulations do not require a person to buy an annuity, while an added bonus for those wanting to take out large amounts before moving overseas is that there will be a reduction to the tax charge imposed – which currently stands at 55 per cent – when withdrawing cash from a pension pot. As of April this year, anybody aged 55 or above will have more freedom to...
7 Feb at 12 PM 2015

UK: Electoral Commission urges expats to register to vote

Britain’s Electoral Commission has launched a campaign to urge citizens living overseas to register to vote in time for the general election on 7 May. The UK High Commission in the Cypriot capital Nicosia noted that it was the first British election in which people could register online to cast their votes, adding that it hoped the initiative would lead to more expats taking part. According to recent estimates, around 5.5 million British nationals live abroad, but less than 20,000 are on the electoral registers. In order to...
22 Jan at 2 PM 2015

Expats demanding winter fuel allowance show proof of wintry conditions

Thousands of UK expats across the Europe are campaigning to ensure their winter fuel payments are not scrapped, and many have now taken to sending photos to show just how cold conditions are in the countries they live in during the winter months. Under a new government proposal, expats living in Spain, Portugal, Gibraltar, France, Malta, Cyprus and Greece will no longer receive their winter fuel allowances (around £200- £300 per year) as of next winter because the countries they live in are considered too warm. However, expats in...
14 Jan at 4 PM 2015

British expat pensioners in Cyprus fighting to keep winter fuel allowance

British expat pensioners in the Mediterranean nation of Cyprus are fighting tooth and nail to keep their winter fuel benefits after a proposal to take the allowance away from them due to the climate they live in was tabled. The UK government is considering taking winter fuel allowances away from pensioners from 2015-16 if the country they live in has an average annual temperature than the proposed set level. This ruling would not only would affect expats in Cyprus, but also other European nations such as Spain, Portugal, France, Malta...