Thinking where do buy a holiday home or what is the best place to spend the rest of your life now that you are close to retirement?
Well choosing Cyprus as a holiday/retirement destination can be an excellent decision for many reasons. Here we gathered the ten most compelling reasons why someone might choose Cyprus for their retirement plan:
- Pleasant Climate: Cyprus boasts a Mediterranean climate with over 300 days of sunshine annually. The mild winters and warm summers make it an ideal location for retirees looking to enjoy outdoor activities year-round.
- Affordable Cost of Living: Compared to many Western European countries, Cyprus offers a relatively low cost of living. This includes affordable housing, groceries, and healthcare, making it a financially attractive option for retirees.
- Healthcare System: Cyprus has a high standard of healthcare with both public and private healthcare facilities. The country is known for its well-trained medical professionals and modern medical facilities.
- Tax Benefits: Cyprus offers attractive tax incentives for retirees. Foreign pensions can be taxed at a flat rate of 5% (after the first €3,420), and there is no inheritance tax, making it a tax-efficient place to retire.
- Safe and Secure Environment: Cyprus is known for its low crime rate (one of the lowest in Europe) and high safety standards, providing a secure environment for retirees to live in.
- Rich Cultural Heritage: Cyprus has a rich history and cultural heritage with numerous archaeological sites, museums, and historic landmarks. Retirees can enjoy exploring the island’s unique culture and traditions.
- English Widely Spoken: English is widely spoken in Cyprus, making it easier for retirees from English-speaking countries to communicate and settle in. Many official documents and services are also available in English.
- Active Expat Community: Cyprus has a vibrant English expat community, particularly in cities like Paphos, Limassol, and Larnaca. This community offers support and social opportunities, helping retirees to integrate and make new friends.
- Beautiful Scenery and Outdoor Activities: Cyprus offers stunning natural scenery, including beautiful beaches, mountains, and forests. Retirees can enjoy a wide range of outdoor activities such as hiking, swimming, and golfing.
- Proximity to Europe and the Middle East: Cyprus’s strategic location offers convenient travel options to other parts of Europe and the Middle East. This makes it easy for retirees to visit family and friends or explore nearby regions.
It’s not a coincidence that Paphos (city in Cyprus) has been recognized as the most liveable city globally, according to a report by Compare the Market AU. The report evaluated seven factors: the number of restaurants, entertainment options, unemployment rate, number of rainy days, health index score, safety score, and overall cost of living
If want to summarize all of the above in one single word on why choosing Cyprus as your retirement/holiday destination is….
LIFESTYLE!!!
If you are interested to find out how we can help you find your dream home in Cyprus and obtain your Permanent Residency complete the form below and one of our expert expat advisors will contact you to arrange a FREE consultation call to explain you the process and answer any questions you may have!
Can’t wait for YOU to become our next success story!
