Legal System

The legal system in Cyprus is mainly based on the British as well as the Greek legal system. Most laws are translated into English. In addition, the Land Registry is also based on the British one, which is probably one of the most reliable and advanced system in the world. Legal fees are much more reasonable than other European countries.

Residential Permit

Residential permit is easily obtained for people living in Cyprus and who have purchased a property in Cyprus

Standard of living

Cyprus provides a fairly high standard of living, reaching that of 70% of the EU average, and a rather low cost of living. The annual per capita income is about US 17,000.

VAT

VAT is applicable, currently at the rate of 15%

Duty Free

Household Goods, furniture and other items can be imported free, provided that they are for personal use. There is no duty on a car. In addition couples in their retirement can enjoy an additional concession of two Duty-Free cars.

Family pets

You can bring your cat and dog along with you at your new home, provided that they have had all their vaccinations.