Cyprus: expats ‘reaping the benefits’

Expats are discovering that moving to Cyprus has huge financial benefits…

According to Gulf Weekly, the Mediterranean island offers ‘a number of perks to foreign nationals’ who choose to relocate to Cyprus. Low cost of living and a favourable tax regime were highlighted by the newspaper as key attractions.

The cost of living is indeed a major benefit of living in Cyprus, with house prices often lower than the value of a comparable property in hot investor destinations like Spain or France.

Gulf Weekly further noted that Cyprus the island is currently ‘reaping the benefits of a prospering economy and ‘is firmly in the top slot for Britons seeking a more attractive destination in retirement”.