Expat Cyprus News

Latest 10 news items tagged Cyprus

15 Feb at 6 PM 2019

Expats in UAE queuing up for second passports and permanent residency visas

As expatriate professionals’ stability and security in the Arab States become more fragile, those with spare funds are rushing to get second passports. A major reason for choosing one expat relocation destination over others is the stability of the country and the security of the job itself as well as the required work visa. Even the most optimistic foreign workers in the UAE would now have to admit the current concentration on dramatically reducing the numbers of expats employed doesn’t represent security and stability. As a...
14 Feb at 6 PM 2019

Cyprus to protect British expats’ rights in case of no-deal Brexit

Cyprus has assured its UK expat residents their rights will remain should a no-deal Brexit be the final result. The former British colony of Cyprus prior to the island’s independence in 1960 has now reassured its British expat community their rights will be protected in the event of a no-deal Brexit. The island has joined a number of other EU member states in giving at least some security to British expatriates living, working or retiring in popular expat regions. The message was sent to the UK government’s Foreign Secretary...
11 Feb at 6 PM 2019

Are QROPS still an option post-Brexit?

Retirement – what about a post-Brexit QROPS? The freedom to choose another country for your retirement years is a romantic notion, but it’s now become far more popular due to ease of travel and a wide choice of destinations to suit all pockets. The excitement of a whole new environment is hard to resist, especially as many Western countries are mired in political chaos and instability. Sadly, for would-be British expats, Brexit is almost certain to slash their options as regards choice of a new homeland, but it’s also providing...
6 Feb at 6 PM 2019

British expats across Europe now claiming foreign citizenship and a second passport

Even before Brexit becomes a reality, many thousands of British citizens have voted with their feet by applying for European citizenship. One major reason for expatriating is that the UK just doesn’t feel like home any more, according to those who can’t wait to leave or have already left. Those with Irish grandparents are the luckiest, with 200,000 Brits claiming to be descendents of Irish citizens stating their relationships on their passport applications in 2018. The mass exodus includes those whose families were originally from...
16 Jan at 6 PM 2019

Cyprus property market buoyant, but investors warned to take care

Cyprus’s real estate market had a successful 2018 both in the commercial and residential sectors, but potential investors are being warned to take care. Increased demand for properties during 2018 pushed up prices in both the rental and residential sectors, with sales of homes as well as increased rental returns making investors and incoming expats happy. However, reliable firms in the sector as a whole are warning potential investors to make sure they know the local ropes before dipping their financial toes in the water, especially...
3 Jan at 6 PM 2019

May’s meaningful vote and possible alternatives affecting Brit expats in Cyprus

For British expats in Cyprus, Theresa May’s ‘meaningful vote’ will affect them almost as much as would a no-deal Brexit. The curse of Brexit is still reverberating across British expats’ favourite long-stay European havens, with the alternatives as clear as mud. Each possible outcome has its own specific nightmares for expat Brits, even if enlightened government do their best for their country’s expatriate community. Oddly enough, May’s winning the upcoming vote is perhaps the best available option for expats, with the...
6 Dec at 6 PM 2018

Multiple Golden Visas now essential for the ultra-wealthy

Is global citizenship now a must-have for wealthy expatriates? Paying anything from a reasonable amount to a small fortune for a second passport, residency and citizenship in a country you’ve never even visited now seems to be the must-have accessory for expats as well as wealthy nationals of slightly politically unstable world countries. So much so that multiple Golden Visa passports are more desirable than just one as they brand the owner as worldly, interconnected and a contact to be cherished by those less fortunate. Practically...
12 Nov at 6 PM 2018

EU expat nationals in UK facing a stay or go dilemma

As British expats in the EU grow ever more fearful of Brexit’s effect on their lives, EU nationals living and working in the UK are faced with the same crucial decision. EU nationals at present in the UK have a stark choice – to apply for British citizenship, pack their bags and head back to the home country or stay put whilst keeping their fingers tightly crossed. Melanie Moerbe, a German national who came to the UK to study nursing and who is now caring for patients with psychological disorders, has just received British...
6 Nov at 6 PM 2018

British expat promoter shot dead in Cyprus

Liverpudlian expatriate promoter Gary Christodoulou was shot dead near a road linking Ayia Napa and Larnaca, with his Mercedes found in a ditch on the side of the highway. Since 2010, the promoter had been splitting his time between his Liverpool home and his business in Cyprus, and had been on the island since last February. He was found in an acacia grove close by the road, and had been shot three times, twice in the head and once in the chest. His car was spotted just off the road with the engine still running, a bullet lodged in...
21 Aug at 6 PM 2018

Why are expat Brits losing their UK bank accounts

Literally millions of British expats overseas are losing their UK bank accounts, leaving their finances and pension payments in chaos. In Spain alone, over 300,000 Britons are living, working or retiring in the sun after deciding to give the UK a permanent miss for a number of valid reasons. In the rest of the world, some five million UK citizens are currently living away from home, with the majority expat professionals or entrepreneurs with their own businesses. All are facing problems with reduced access to UK bank accounts, even...