Who is emigrating to Cyprus? Our clients have different reasons for emigrating to Cyprus. The reasons range from personal preferences to professional and economic considerations. In general, the following factors attract people to Cyprus:

Mediterranean lifestyle:

• Many people are attracted by the relaxed and pleasant Mediterranean lifestyle, which is characterized by warm temperatures, good food and a friendly atmosphere.

Good weather all year round:

• Cyprus enjoys an excellent climate with mild winters and hot summers, making it an ideal place for sun lovers.

Geographical location:

• Cyprus’ strategic location at the crossroads between Europe, Asia and Africa offers numerous travel and business opportunities.

A new start abroad:

• Many people are looking for a new start and find the perfect combination of familiarity and exoticism in Cyprus.

Romantic motives:

• The picturesque landscape and charming towns make Cyprus a popular destination for couples and families.

Frustration at home:

• Some people leave their home country due to political or economic frustration and look for better living conditions in Cyprus.

Access to skilled workers:

• Entrepreneurs appreciate the access to well-trained specialists in Cyprus and the opportunity to take their business international.

Cost of living:

• The cost of living in Cyprus is somewhat lower than in many other European countries, which allows for a high quality of life at affordable prices.

Taxes:

• Cyprus offers attractive tax advantages, including low income tax rates and special tax regulations for foreigners.

Emigrating to Cyprus offers a number of advantages that make life on the island attractive. Here are the main advantages that make Cyprus so attractive to emigrants:

Food prices:

• The cost of food in Cyprus is somewhat low compared to many other European countries. This enables residents to purchase high-quality products at reasonable prices.

Energy costs:

• Energy costs in Cyprus are lower than in Germany, both in terms of electricity and heating costs. This contributes to the overall lower cost of living.

Real estate prices (rent/purchase):

• Property prices in Cyprus, both for buying and renting, are attractive and offer good value for money. There are a variety of real estate options, from modern apartments to traditional houses.

Taxes:

• Cyprus offers moderate tax rates, including an income tax allowance of 19,500 euros and special tax regimes for foreign residents, such as non-dom status. This makes Cyprus a very attractive location.

Favorable geographical location:

• Cyprus’ strategic location at the crossroads of Europe, Asia and Africa offers many advantages, including good trade opportunities and cultural diversity.

Good flight connections:

• Cyprus has excellent flight connections to many major destinations in Europe and beyond. The international airports in Larnaca and Paphos offer regular connections to many cities and countries worldwide.

Uncomplicated emigration thanks to freedom of establishment for EU citizens:

• For EU citizens, emigrating to Cyprus is relatively straightforward, as they do not require any special visas or residence permits thanks to the freedom of establishment.

High level of safety:

• Cyprus is considered a very safe country with low crime rates. This makes it particularly attractive for families and individuals looking for a safe environment.

Excellent health care:

• The healthcare system in Cyprus is well developed and offers both public and private healthcare services that meet international standards.

In Cyprus, there is only one social security fund to which all employees must contribute, regardless of their origin or professional status. There is also the option of additional private health insurance if you want more highly exclusive healthcare services.

Cultural diversity and quality of life:

• Cyprus offers a rich cultural history and a wide range of leisure activities. From ancient ruins to picturesque villages and beautiful beaches – the island has something for everyone.

Pleasant climate:

• Cyprus enjoys a Mediterranean climate with mild winters and hot summers, providing pleasant living conditions all year round.

education system:

• The education system in Cyprus is well developed, with numerous schools, colleges and universities that also offer international programs.

These advantages make Cyprus an attractive destination for expats looking for a high quality of life, low cost of living and a pleasant climate.

Taxes and duties for natural persons in Cyprus

This table gives you a clear overview of the taxes and duties for individuals in Cyprus and the income tax rates for 2024.

Taking up residence in Cyprus is an important step for anyone who wants to live on the island permanently. In order to comply with local reporting regulations and ensure a smooth transition, we offer comprehensive support during this process. Here are the most important steps and benefits of our support:

Our support with taking up residence:

Advice and preparation:

• We offer comprehensive advice on the necessary steps and requirements for taking up residence in Cyprus. This includes information on the required documents and deadlines.

Notification to the authorities:

• We will help you register with the local authorities to ensure that you comply with all legal requirements. This includes registering with the municipality and applying for a residence permit if necessary.

Document creation and procurement:

• We support you in obtaining and preparing all the necessary documents, including proof of identity, proof of residence and other required documents.

House hunting and rental contracts:

• Our team will help you find suitable accommodation in Cyprus. We support you in negotiating and concluding rental agreements to ensure that you receive fair conditions.

Integration and networks:

• We offer support with integration into the local community. This includes arranging contacts and networks to make it easier for you to make connections in Cyprus.

Advantages of our support:

Avoid expensive mistakes:

• With our experience and insider knowledge, we help you avoid costly mistakes that are often caused by a lack of knowledge of local regulations and processes.

Time saving:

• We take over the time-consuming administrative tasks and make the transition easier for you so that you can concentrate on other important aspects of your emigration.

Pleasant experiences:

• Our support ensures that you avoid unpleasant experiences and unnecessary stress. We are at your side every step of the way and ensure that everything runs smoothly.

Local expertise:

• With our in-depth knowledge of local conditions and regulations, you will benefit from a smooth and efficient residency process in Cyprus.

Taking up residence in Cyprus can be a challenge, but with our professional support the process is made much easier and more efficient. Let us help you make the transition smooth and have the best possible experience right from the start.

The real estate market in Cyprus differs from the German market in many respects. When buying or renting a property in Cyprus, it is important to know the specific conditions and characteristics of the market.

Special features of the Cypriot real estate market:

1. 
   

   Online offers and availability:

• Many of the real estate offers in Cyprus that can be seen online are primarily intended to arouse interest and establish contact with real estate agents. It is not guaranteed that all properties offered are actually available. It is therefore advisable not to rely exclusively on online platforms.

2. 
   

   Role of the broker:

• An experienced and well-connected broker is essential in most cases. Estate agents in Cyprus have extensive local and market knowledge and can ensure that you find a property that meets your requirements and standards. You have access to properties that may not be publicly advertised.

3. 
   

   Market knowledge and negotiations:

• A good estate agent can not only help you to find a suitable property, but also to negotiate and conclude the purchase or rental agreement. Thanks to their knowledge of the market, estate agents can help you negotiate fair prices and avoid legal pitfalls.

4. 
   

   Price development and trends:

• The Cypriot real estate market has undergone a positive development in recent years. Property prices have risen, particularly in popular regions such as Paphos, Aiya Napa, Limassol and Nicosia. It is important to keep abreast of current trends and price developments in order to make informed decisions.

5. 
   

   Legal aspects:

• There are certain legal aspects to consider when buying a property in Cyprus. This includes checking ownership rights, obtaining the necessary permits and ensuring that all contracts comply with legal requirements. We are happy to offer you our local lawyer as he can be a valuable support in this process.

6. Financing options:

• There are various financing options for buying property in Cyprus, including mortgages from local and international banks. It is advisable to find out about the available options at an early stage and to seek financial advice if necessary.

Tips for buying real estate in Cyprus:

Research and planning:

• Carry out thorough research and plan ahead. Find out about the different regions and their advantages and disadvantages.

Select broker:

• Choose a trustworthy estate agent with proven experience and good references. A good estate agent can make all the difference in finding the perfect property. We would be happy to put you in touch with our long-standing real estate partner and long-established estate agent.

Viewing real estate:

• View the properties in person to get an accurate picture of their condition and location. Do not rely solely on photos and descriptions on the Internet.

Legal advice:

• Consult our lawyer (German-speaking) to ensure that all legal requirements are met and your interests are protected.

Conduct negotiations:

• Use the support of your estate agent and solicitor to negotiate fair conditions and ensure that the purchase or lease goes smoothly.

The real estate market in Cyprus offers many attractive opportunities for buyers and tenants. With the right support and careful planning, you can find a property that meets your needs and fulfills your expectations.

A key aspect of emigrating to Cyprus and taking up employment is drawing up a valid employment contract. This must comply with the legal framework and clearly define both the rights and obligations of the employer and the employee.

Preparation of the employment contract:

Bilingual contract:

• As part of the company formation process in Cyprus, we draw up a bilingual employment contract that is written in both English and German. This ensures that all parties fully understand the terms of the contract and are legally protected.

Legal framework:

• The employment contract is drawn up in accordance with Cypriot labor laws, which stipulate certain minimum requirements regarding working hours, salary, vacation and notice periods.

Important aspects of the employment contract:

Working Hours Act:

• Cyprus has a Working Hours Act that regulates the maximum working hours per week and rest periods. Full-time employment is limited to a certain number of hours per week for each person, usually 38 hours per week and 165 hours per month.

Full-time job:

• As a rule, only one full-time job is possible per person, which means that you have to limit yourself to one main employment contract. This serves to protect employees and ensure fair working conditions.

Exceptions for managing director mandates:

• There are special exceptions for directorships. Managing directors may be exempt from the regular working time restrictions under certain conditions. This makes it possible to organize working hours flexibly according to the company’s requirements.

Other components of the employment contract:

Remuneration:

• The employment contract contains precise details of remuneration, including basic salary, bonuses, commission and other financial benefits.

The payment of a 13th salary is prescribed by law.

Working hours and vacation:

• The contract defines the regular working hours, breaks and vacation entitlements. In Cyprus, employees are entitled to a minimum number of vacation days per year. For full-time employees, a minimum vacation period of 22 days is prescribed.

Notice periods:

• The notice periods for employers and employees are specified in the contract. These must meet the legal requirements and give both parties sufficient time to prepare for the termination of the employment relationship.

Social security and taxes:

• The employment contract also regulates the payment of social security contributions and taxes, which are borne by both the employer and the employee.

Other regulations:

• Other important provisions, such as confidentiality, non-competition clauses and overtime regulations, are also part of the employment contract.

A carefully drafted employment contract ensures that all legal requirements are met and provides clarity and security for both parties. With our support, you can ensure that your employment contract in Cyprus meets the highest standards and takes all relevant provisions into account.

Immigration to Cyprus varies according to citizenship. There are two main groups of people: EU citizens who benefit from the freedom of establishment and citizens from third countries.

Requirements for EU citizens

For citizens of the European Union, the procedure for immigration to Cyprus is comparatively simple and straightforward. The most important steps and requirements are

Valid rental contract:

• You must be able to present a valid rental contract for an apartment or house in Cyprus. This rental contract serves as proof of your residence in Cyprus.

Valid employment contract:

• A valid employment contract is required to prove your employment and financial self-sufficiency. Alternatively, self-employed persons can also submit corresponding proof of their business activities.

Correct application:

• You must correctly complete and submit the required application for a residence permit (Registration Certificate). The application contains personal information as well as details of your employment relationship and place of residence.

Attend the appointment at the immigration office in person:

• You must appear in person at the Immigration Office at the agreed time to submit your documents and complete the application. During this appointment, your documents will be checked and your residence permit will be issued. You will be accompanied by.

Requirements for citizens from third countries

For citizens from third countries, the procedure for immigration to Cyprus is significantly more complex and requires additional steps and documents.

If you do not have EU citizenship, please contact us so that we can discuss your individual options and requirements. Some general requirements and steps for third-country nationals are:

Visa and residence permit:

• First of all, you must apply for a visa to enter Cyprus. After arriving in Cyprus, you must apply for a residence permit, which has different requirements depending on the purpose of your stay.

Proof of financial means:

• You must prove that you have sufficient financial means to support yourself in Cyprus. This can be in the form of payslips, bank statements or other financial documents.

Health insurance:

• Proof of valid health insurance is required to ensure that you receive medical care during your stay in Cyprus.

Background check:

• In some cases, a background check may be required to ensure that there are no security-related concerns about your immigration.

Additional documents:

• Depending on the purpose of residence and individual circumstances, further documents may be required, such as marriage certificates, birth certificates or proof of professional qualifications.

Support from CM Consulting experts

To ensure that all requirements are met and the process runs smoothly, it is advisable to seek advice from our experts. We offer comprehensive support in the preparation and submission of all necessary documents and help you to make the entire process efficient and stress-free.

The procedure for relocating or immigrating to Cyprus follows several well-structured steps to ensure that the process runs smoothly and efficiently. Here are the individual steps in detail:

Order placement:

• Once you have commissioned us to provide you with professional support for your relocation or immigration to Cyprus, one of our qualified employees will contact you.

Request for documents:

• The next step is to request some necessary documents from you. This includes proof of identity, rental contracts and employment contracts.

Preparation of powers of attorney:

• We prepare the necessary, individualized powers of attorney for you. These powers of attorney must be signed by you and returned notarized. This gives us the legal authority to act on your behalf.

Submission of documents:

• We prepare all the necessary documents in the correct format and submit them to the immigration authorities. This includes all applications and supporting documents required for your residence permit.

Appointments can be made:

• We will arrange the relevant appointments with the immigration authorities for you. We make sure that the appointments are well timed and that all the necessary documents are prepared.

Coordination with the authorities:

• We will then coordinate with you regarding the official procedures. We make sure that you are informed about all the steps and deadlines and know which documents you need to bring with you.

Accompaniment to the appointments:

• One of our employees will always appear at your appointment to keep you company. It helps with valuable translation work in the event of communication problems and ensures that you reach your destination quickly and easily.

Receipt of the Certificate of Residence:

• In most cases, you will receive the Certificate of Residence or the “Yellow Slip” within 24 hours, but there may be a longer waiting time, as this depends on the scope of processing at the authorities. This confirms your legal residence and is an important proof of your residency in Cyprus.

Summary of the process:

The process of relocating or immigrating to Cyprus involves several steps, ranging from the preparation and submission of the necessary documents to personal assistance in dealing with the authorities. With our professional support, we ensure that the entire process is efficient and stress-free, and that you can quickly and easily establish your residence in Cyprus.