Send us a request and we will contact you as soon as possible.
Cyprus is pretty costly for livelihood. Nevertheless, the costs are more reasonable in contrast to the UK, USA, West and North Europe. But don’t forget that it mostly depends on the city. For instance, it is more lucrative to reside in Cyprus if your wish is a big city.
If you are curious about the cost of living in Cyprus in 2024 – this article will help you sort out all the nuances.
Buying property in Cyprus is a complicated decision that requires the comprehension of all relevant aspects, costs in particular.
Prices on local housing are rising, but they are still lower than in some European states.
Property for sale in downtown is €2300-2500/m2, outside the center – about €1700.
Rich people frequently choose to acquire housing in Cyprus to insure permanent residence. The most popular choices are villas, flats and penthouses.
In case of renting, expect to pay €900-1000 for a 1 bedroom flat in the downtown, and €700-800 outside the center (and about €900-1000 for a 3 bedroom apartment).
Main utilities cost around €200/month, excluding Internet and cell phone charges.
In case you buy food in a standard hypermarket, the basic food basket will cost you €50.
If you want to have dinner away from house, it will cost you €15 in an inexpensive restaurant and €60 in a middle class one.
The meal in a fast food eatery costs approximately €5-7.
The single variant of common transport here is buses that bind each part of the island.
4 kinds of tickets you have to know about:
Students, pensioners and individuals who gain social welfare have reductions. Disabled people (+ escorts), militaries and kids who have not yet turned 6, are not obliged to have tickets.
The study both in school and university is free for local students and for those who are EU inhabitants.
The typical fee for university (annually):
Costs for private school based on the whereabouts and value, usually it is €9000-10000/year.
Medical schools are far more expensive – €25000/year.
Public healthcare is free for everyone. For the private one you have to pay.
Typical costs:
By having health security, the treatment in private clinics may be covered. The price for one person is €200-900/year.
In private clinics you get a consultation with a doctor instantly, in public ones you have to wait or arrange an appointment beforehand.
An island provides a lot of entertainment for residents. The typical prices:
If you are a fan of a fun weekend, expect to pay approximately €200-300/month for two persons.
You should expect to pay as low as €10 and as high as €200 for clothes.
Eventually, the island may be considered as the perfect choice for living, grateful for its pleasant weather, safety and chance to get a citizenship.
It is also important to note Cyprus’s cities, such as Limassol (South), Nicosia (Property for sale in Northern Cyprus quite cheap) and Paphos (Southwest) which are the most popular choices amongst foreigners. And remember that cities of this island are more lucrative for residency than the same USA or UK.
Choosing the right jurisdiction for obtaining an asset management license is critical for businesses seeking to provide high-quality services in wealth and investment management. Regulations, taxation, global reputation, and operational ease all influence this decision. Below, we explore six of the best jurisdictions for asset management licenses and what makes each an attractive choice. Besides…
The rapid growth of economic technology has made Electronic Money Institutions (EMIs) a cornerstone of modern remittance systems. EMIs enable the issuance of e-money, provide remittance favors, and support a range of innovative economic solutions. The United Kingdom, with its robust adjustment substructure, is a leading lawfulment for acquiring an EMI-license. This article explores the…
The capital markets industry is a dynamic and highly competitive landscape where regulatory compliance plays a pivotal role in establishing trust and legitimacy. Acquiring a Forex Broker Licence or a Cryptocurrency Exchange License from an esteemed legal domain is not only about meeting legal requirements; it is also a strategic move to enhance your business’s…
In today’s globalized economic circumstances, securing an offshore-banking license can provide immense opportunities for economic institutions. Offshore jurisdictions offer regulatory benefits, lower tax burdens, and streamlined processes, making them attractive for businesses seeking to establish worldnational banking operations. This article explores the top five best jurisdictions for obtaining an offshore-banking license: the Cayman Islands, Saint…
Switzerland, globally acclaimed for its resilient economy, premium level of life, and solid healthcare system, is also making waves in the Fintech segment. The region has long been a hub for monetary facilities, and its continued success in the e-finance realm underscores its status as a trusted and proactive monetary center. In this article, we…
The Swiss monetary sphere has long been a cornerstone of worldwide monetary institutions, recognized for its firmness, lucidity, and robust legislative scheme. Among the various monetary licenses available, the Swiss Para-Banking SRO (Self-Regulatory Organization) License stands out as a critical vehicle for non-banking units engaging in monetary agent functioning. This license, issued by the FINMA,…
The virtual currency sector is expanding, and as a result, directions are competing to nurture a positive atmosphere for digital asset profit-oriented activity. To guide this contested sphere, securing the right Cryptocurrency exchange licence and understanding the legislative demands are vital. Here’s a detailed look at the top seven directions suggesting some of the most…
Everyone planning to relocate to a different nation is always curious about the benefits and drawbacks of residing there. It’s no wonder that relocating is a major decision, particularly when it involves moving to a different state. This article will cover all positive and negative nuances of residing in the UK and provide you with…
The UK has seen a compelling case for housing investment in the recent time, offering appealing returns. Due to a notable shortage of housing that is expected to grow, investors in buy-to-let housings are presented with abundant chances for investment in that country, along with promising outlook for capital boost. This article will help you…
How New Rules Affect Property Purchases If you’re considering buying property in Cyprus, particularly in Northern Cyprus, recent transformations in householding supervision might be on your radar. The good news for many is that these new rules are primarily designed to streamline the purchasing process and protect buyers. Reputable estate units have guaranteed that their…
Grateful to the authority, receiving a crypto license in Lithuania is an efficient procedure. This state has commenced as an appealing place for enterprises involved in crypto because of the uncomplicated plan of actions for receiving a permit, making it simpler for entities to set up themselves. As a member of the EU, the country…
In today’s global marketplace, trustworthiness is more crucial than ever, especially when investing in foreign companies. Lithuania has become a hotspot for foreign investments, thanks to its commercially supportive sphere, source of high-calibre talent, and developing manufacturing environment. Venturers and commercials worldwide are eager to register their trust for sale organisations in this region, drawn…
