Expat Cyprus News

Latest 10 news items tagged Cyprus

6 Jun at 6 PM 2017

Cyprus Golden Visas popular with wealthy Chinese and Russians

Whilst its everyday expat community fears the effects of Brexit on their lives, Cyprus is raking in billions by selling Golden Visas to wealthy Chinese and Russians. Cyprus is just one of the 27 EU member states offering visas for cash to wealthy investors from across the world whilst its established expat community fears for its fate post-Brexit. Last year, the Golden Visa scheme enriched the government’s coffers by no less than four billion dollars, a huge 25 per cent of the country’s gross domestic product. The Cyprus...
3 May at 6 PM 2017

Wealthy Brit expats can buy out of Brexit uncertainty

As the chance of finding a fair and just solution for UK expats in EU member states recedes still further, those with enough spare cash can make sure they're sitting pretty via a Golden Visa. As with much in the UK, Golden Visas are for the wealthy and are unobtainable due to their cost for the average British state pensioner who’s chosen to live abroad for economic reasons. As the reality of Brexit begins to dawn, those with gold-plated pensions and money in the bank will be able to choose between five already popular expat...
28 Apr at 6 PM 2017

Trump presidency causes huge rise in Americans renouncing citizenship

Trump’s first 100 days as President has, according to official figures, caused a massive rise in the number of Americans renouncing their citizenship and becoming permanent expats. As the Trump administration struggles to find anything to celebrate about The Donald’s first 100 days as US president, the thousands of Americans who’ve now deserted the sinking ship are enjoying their new lives overseas. Even before last year’s Presidential election, high-profile individuals as well as everyday Americans stated their determination...
31 Jan at 6 PM 2017

Research shows numbers of UK expats in EU overestimated

Recently released research by the UK Office of National Statistics (ONS) shows the number of British citizens living in Europe has been overestimated. A total of 890,000 Brits are at present living in other European Union member states as against a former estimate by the United Nations of around 1.2 million. At the same time, nationals from EU states living and working in Britain total 3,150,000. The figures from the ONS are taken from Eurostat data compiled from the 2010-2011 national censuses, and include expats resident across the...
25 Jan at 6 PM 2017

Brit expats using local heathcare far outstrip NHS use by EU expats

Despite fashionable media claims that EU expats are clogging up the NHS, recent research has proved the opposite is true. It seems ‘fake news’ is as rampant in the UK as it’s claimed to be in the USA. British readers of the populist right-wing media have long been treated to scare stories about EU expats’ burden on the overstretched NHS, but a BBC Freedom of Information request tells a very different story. Figures provided by the Ministry of Health reveal 70,000 retired UK citizens use the Spanish heathcare system, whereas...
12 Jan at 6 PM 2017

British expat retirees not responsible for failing NHS

In spite of the perceived wisdom that elderly Brit expats are wrecking the NHS, aided and abetted by EU pensioners living in the UK, figures show the vast majority use heathcare provided by their countries of residence. Using numbers provided via a freedom of information request, the BBC has published an article with figures proving that the vast majority of UK expat retirees use local services under the EEA health card agreement. In Spain, 70,000 British retirees are registered to use the Spanish healthcare system, whilst in the UK...
16 Dec at 6 PM 2016

British couple living their expat dream in Cyprus found dead

Kenneth Lincoln and his wife Linda, both long-term British expat residents in Cyprus, were found unconscious in their gas-filled apartment after Linda failed to turn up to her job. After emigrating to the holiday island in 2005, the couple were living their dream of retiring to a stress-free location and simply enjoying life in Kapparis, but the dream turned into a nightmare when an undisclosed fault in their gas heater supply killed them both. They were discovered sitting unconscious on their sofa by a friend who’d called after...
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...