Frequently Asked Questions

1. Is Cyprus a full member of the European Union?

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2. What language is spoken in Cyprus?

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3. What is the cost of living compared to other countries?

The cost of living in Cyprus compared with other potential island destinations around the Mediterranean is much more reasonably priced; Cyprus has been listed as one of the most desirable places to live in Europe based on a world-wide survey.  

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4. What is the governmental structure in Cyprus?

Cyprus is an independent and sovereign republic with an elected president (5 year election cycle) as head of state. The legislation power lies with the elected House of Representatives and appointed Council of Ministers. The legal system is based on the British/European system with an independent power exercised by the judiciary. Cyprus is a member of the European Union, UN, the British Commonwealth, the non-aligned movement, World Bank and the IMF.

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5. Is the crime rate high or low?

Cyprus ranks among the top European countries with a low crime rate at 1/6 of the average crime percentile.  It is an additional and vital concern for foreign buyers to take into thought before taking a final decision to move or invest.

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6. Can I bring in my pet into Cyprus?

Since May 2004, after Cyprus entered the EU, the Pet Travel Scheme has been adopted. All registered animals are now allowed to travel freely from one European country to another. The Pet Travel Scheme (PETS) allows people in the UK to take their pets to any other European Country that is part of the EU and return with them to the UK. In order to bring your pet to Cyprus you should make sure it’s vaccinated against rabies. There is also an option for a micro-chip for your pet that holds its medical and vaccination records. In this case, make sure that the EU pet passport also verifies your pet’s micro chip number and date inserted.

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7. Could I rent out my property and how do I arrange it?

Yes, it is possible to rent out your private property. We can help you make these necessary arrangements and guide you through the right steps for renting your property. We can also recommend respected and knowledgeable local agents and companies who specialize in this field. Cyprus is a popular destination for vacations on a yearly basis, so you can expect a reasonable income from renting out your home.

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8. How is the banking system in Cyprus?

The banking system in Cyprus is closely related to the British model. There are many branches all over the island which are efficient, modern, and well equipped with the latest technology. Non-Cypriot citizens can open a local bank account without any difficulty even in a foreign currency. Furthermore, you can locate branches of numerous international banks operating now on a full service basis. All major credit cards such as Visa, MasterCard, and American Express are being accepted in Cyprus. Transactions and payments are simply made through your foreign deposit account.

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9. What about the currency?

The Cyprus currency was based on the Cyprus Pound. In January 2008 Cyprus accepted Euro as the official currency, which facilitates easier transactions with our fellow EU citizens.

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10. How do I get the Title Deeds for my property?

Transfer of ownership from vendor to purchaser is accomplished by a simple procedure through the land registry office. The contract of sale must be in writing and it is advisable that such contracts be registered / filled at the District Land Registry Office within 60 days from the contract date. When issued, the title deed will be registered in the name of the buyer and will be recorded in the government archives – these are confidential and will not be published or made accessible under any circumstances.

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11. Can I work in Cyprus on a permanent basis?

Under the Aliens and Immigration Law, non-Cypriots wishing to take up employment in Cyprus are required to have a work permit. EU citizens can acquire one by having the approval of the Ministry of Labor.

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