Cyprus – Overview
Cyprus, the most easterly of the Mediterranean islands being third largest after Sardinia and Sicily,  with its’ temperate climate, historical sites spanning a 9,000 year old heritage,  natural beauty spots and warm openhearted  people, lives up to being known as the jewel of the Mediterranean. In ancient times Cyprus was a trading post which led to many peoples leaving their marks for us to follow.

The Islands’ fortune comes from trade, Although staple Mediterranean cash-crops such as olives, fruit and vegetables further sustain economic activity. Centuries of tradition, a melting pot of cultures, Cyprus is rich in historical antiquity and machiavellian intrigue.

Where is Cyprus?
Approximately 70 kilometres from the coast of Turkey, located at the crossroads of four different continents and cultures (Europe to the west, Russia and Eastern European States to the north, the Middle Eastern countries to the east and Africa to the south). The Island of Cyprus has a total land area of 9,250 sq km. and 648km of coastline.

This unique geographic position together with the widely spoken English language, the British based legal system championing the rights of the individual, and beneficial tax laws, has encouraged many large companies to set up their headquarters on the Island. Together with EU membership, the attraction to make the move to Cyprus is greatly enhanced. Since 1974, the Island has been divided into the North (TRNC. The Turkish Republic of Northern Cyprus) and the south (Republic of Cyprus). The South is inhabited by Greek Cypriots whilst the north is largely inhabited by Turkish Nationals and Turkish Cypriots. Despite UN intervention Cyprus remains divided.

Pensions – Tax Advantage
As a retired British citizen, re-locating to Cyprus and having your pension paid there, it will only be taxed at 5% by the Ministry of Finance, this very definite tax advantage gains you an immediate 17% rise in income.

Currency
The currency of Cyprus is the Euro implemented since January 2008, a member of the Exchange Rate Mechanism. As the Republic of Cyprus, the Island joined the European Union on the 1st of May 2004. The Government is the internationally recognized authority on the island although in practice its control extends only to the Greek Cypriot southern part.

Legal System
Buying property in Cyprus is highly regulated, being based on the British System.  The Cyprus Land Registry is one of the most advanced in Europe.

Medical Care
Medical care and insurance is inexpensive when compared to the UK. Cyprus provides excellent medical care at relatively low rates. British ex patriots in possession of an EHIC card are entitled to free healthcare. For residents and non residents alike private medical care starts at around 220 Euros per year. The majority of doctors in Cyprus hospitals are trained in the UK or the USA, so the level of healthcare is very high.

Safe on the Streets
Called the most crime free society in Europe, Cyprus according to European Union statistics has a crime rate of only 16% of that in the average European Country. This contributes to making Cyprus one of the safest places in Europe to live.

Travel
Cyprus is served by two international airports. One located near to Paphos, the other (now undergoing a massive extension to handle the forecasted increase in travelers is near to Larnaca. There are several daily flights between Cyprus and most major worldwide destinations. Flight times from most UK airports are about 4.5 hours.

Cypriots still drive on the right hand side, making driving on the Island a home from home for UK visitors. Roads are in the main well constructed and traffic light, making travel an easy and pleasant pastime.

Cost Of Living
Cyprus remains relatively cheap for eating and drinking. The quality of food and wine is excellent. Romantic taverns offering homemade tapas and traditional Greek menus, whilst for those people who prefer to sip an international cocktail instead of ouzo or zivania, or enjoy alternative cuisine instead of fresh fish and souvla (barbeque) there are many first rate cosmopolitan restaurants and yes, the good old British pubs and Irish bars. All with superb al fresco dining.

Weather
With 330 days of sunshine as an average, Cyprus offers an all year holiday destination, with mild winters and hot summer days. From sitting in the sun to winter snow skiing in the scenic Troodos Mountains, Cyprus caters for all tastes. It is unsurprising that for many years the Island has been a great favorite for British holidaymakers, but Cyprus is maturing. Whilst keeping the unspoilt mountain and coastal villages, there are now many 5 star hotels and leisure facilities being built in line with exacting European standards. Thus, for those wishing to acquire property, Cyprus offers unique opportunities with excellent future investment potential.