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Third Consecutive Year: Cyprus Recognized as a Strong Innovator
Impressive Innovation Growth For the third year running, Cyprus has earned the title of "Strong Innovator" on the European Innovation Scoreboard 2024. Ranking 10th among EU member states, Cyprus boasts an innovation performance of 106.3% of the Euro...
Legal
Buying or selling property
Buying or selling property can be a complex and stressful process. It involves a great deal of legal and financial considerations, which can be challenging to navigate for those without specialized knowledge and experience. That's why having yo...
Financial
The banking system in Cyprus
The banking system in Cyprus is based on the British system, and it shares many of the UK's banking practices, services, and management and control practices. The banking system in the nation is governed, watched over, and monitored by the Central Ba...
Financial
An overview of Cyprus's taxation system
Whether you're a resident or a non-resident, taxation, which includes income tax, immovable property tax, capital gains tax, inheritance tax, and value added tax, is an important factor to take into account when purchasing a home in Cyprus. You must ...
Financial
How to receive and transfer money in Cyprus
All prior exchange control restrictions have been removed as a result of EU membership, and there are no longer any limitations on importing or exporting funds in any currency, though you must declare large amounts. No longer must you provide eviden...
Living
Cyprus is one of the healthiest countries in the Mediterranean
The World Health Organization ranks Cyprus as one of the healthiest countries in the Mediterranean.Since the country’s independence from Britain in 1960, the government’s main priorities have been health and preventative medicine. Consequ...
Living
Cyprus has high educational standards
Cyprus has high educational standards that are on par with those of other developed nations worldwide. Pre-primary, primary, secondary, and higher education in Cyprus are all subject to regulation by the Ministry of Education and Culture. The issue ...
Living
Who needs a work permit in Cyprus
Any EU citizen wishing to work or open a business in Cyprus is not required to obtain a work permit, but there are some formalities that must be followed. As a result, an increasing number of young EU citizens are considering moving to Cyprus to liv...
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