There are many reasons why retiring to Cyprus is becoming increasingly popular with British and other Northern European citizens. The pleasant climate and relaxed lifestyle are particularly attractive, but there are many other advantages to making a retirement home in Cyprus as well. With one of the lowest crime rates in the EU, it is a very safe place to live and there are excellent medical facilities at reasonable prices – always a concern for those approaching the last years of life. Cyprus is a beautiful country with many beautiful beaches and spectacular scenery and the year-round warm climate makes retirement in Cyprus very attractive.
The climate and cost of living are of course the most common attractions for anyone looking to retire in Cyprus, but there are many other reasons as well. The banking and legal systems are derived from the UK systems and will be familiar and easy to navigate. The transition to Cyprus is much easier. For those in the UK who receive a pension, there are good tax incentives.
Almost all Cypriots speak English, often very well, so there are never any communication problems. The infrastructure is modern with excellent facilities on a par with other European countries. Fresh local fruits and vegetables are always available and the lifestyle in this ideal climate, with low humidity all year round, is very good for one’s health. This can be especially important for those who suffer from rheumatism or other conditions that are worsened during cold, wet winters.
What you need to know to retire in Cyprus
Of course, there will be some legal formalities to complete before you can become a permanent resident of Cyprus. The first step is to apply for a residence permit at the Cyprus Migration Department. While in Cyprus, fill out an M67 form which you can get from your local immigration office. If you retire, you will need category F. You must have means to support yourself in Cyprus, such as investment income or a pension,
Having been approved under category F, you will not be allowed to work, even voluntarily, or run a business, so you must have ample income to support yourself. UK pensions can be paid directly into an account in Cyprus and will be indexed so all pension increases will be paid as if you were still a UK resident.
Conclusion
Cyprus has proven to be a popular place to retire for Northern Europeans. He has a similar, but more relaxed lifestyle, and you’ll usually have an easy transition. If you’re looking to retire in the sun, take a look at Cyprus as an ideal place to enjoy a relaxed retirement.