Helping You Build a Life Overseas

Financials


How much does it cost to buy a property in Cyprus? How much does it cost to maintain
a property in Cyprus? How can you finance the property? What about employment,
claiming your pension in Cyprus, or finding other sources of income? And what is the
biggest financial mistake that Cyprus property buyers make? Find answers here…  


Taxes and costs due as a resident expat or second homeowner

When moving to Cyprus or buying property in Cyprus there are a number of costs and taxes that you will encounter along the way. Today Lucie Robson of the Cyprus Buying Guide outlines the costs associated with a Cyprus property purchase... Although VAT has risen considerably over the last year and the Government is assessing an Immovable Property Tax bill, tax-wise Cyprus is still an advantageous place to live. The first tax law to be aware of is  More...


Banking and finance

Sorting out your banking and finances will be one of the primary things to take care of when you buy property or make the move to Cyprus. Today Lucie Robson of the Cyprus Buying Guide provides some need-to-know information about banking in Cyprus and the first steps to getting a  mortgage... Health of the local retail banking sector No doubt readers of the Cyprus Buying Guide are well aware of the economic crisis  More...


Sorting out your financial affairs before leaving the UK

There is a lot to clear up before you make the move abroad ranging from sorting out your taxes and personal finance to establishing yourself a good retirement plan and working out that ways to get the most out of your pension. Today Lucie Robson of the Cyprus Buying Guide takes a look at the financial matters which need to be taken care of when moving abroad. There are a number of financial issues that you need to take care of before you make the move of your  More...


Banking in Cyprus

All EU citizens can open a bank account in Cyprus as long as they provide their passport and a nominal sum of money. The procedure is straightforward and you are offered the option of a cheque book and issued a debit card on opening. Citizens of third countries can also open a Cyprus bank account provided they meet standard residency criteria and can deposit in an initial set sum of money. Individual banks can provide details about these criteria.  It is worth  More...


Don`t lose money when sending funds to Cyprus!

You’ve decided on the move to Cyprus, all the paperwork on your new home has been completed or you have made all the necessary arrangements for renting for a while before buying. Now comes the question of transferring cash – and most probably, large sums of it. It’s a sad fact that going through the banks can be a costly process with commission and overseas bank receiving fees plus one-off transaction fees all adding up and costing you valuable  More...


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