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The Low-Tax Island of Your Dreams (they want YOU) | Retire in Cyprus: Pros, Cons & Cost of Living 4 месяца назад


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The Low-Tax Island of Your Dreams (they want YOU) | Retire in Cyprus: Pros, Cons & Cost of Living

Unlock exclusive research, infographics, and personalized tips about retirement abroad—join my Patreon today at www.patreon.com/The_Expat! This island has the LOWEST tax rates for expats in Europe, so discover here the pros, cons, and cost of living to retire in Cyprus. Win for free the Ebook "Moving Abroad: What I Wish I Knew Before Sitting on a Plane" by subscribing to our list here: https://bit.ly/win-ebook In this video, we deep dive into the pros and cons of retirement in Cyprus, a Mediterranean island that offers both retirement visas and a golden visa scheme for Americans and UK citizens who want to retire abroad. We also discuss the cost of living and real estate opportunities in cities like Larnaca and Limassol, and, lastly, what are the (huge) differences between South Cyprus and Northern Cyprus. 💡Subscribe to @the_expat, we upload new episodes every week! Video based on this article: https://expatriateconsultancy.com/ret... For traveling, I recommend these 2 providers that I personally use: 📸Tours, museum tickets, and fantastic attractions: Viator https://viator.tp.st/Gqsg96gg Subscribe to our channel (it is free)! Planning to move abroad? Read one of these 3 📚books BEFORE: 📚 1 - https://amzn.to/3UkgWUn 📚 2 - https://amzn.to/3U6gacp 📚 3 - https://amzn.to/441oWwJ ➡️X: https://x.com/an_expatriate 📚Best-selling books about living and traveling abroad @ Amazon https://www.amazon.com/Levi-Borba/e/B... ➡️Podcast "The Expatriate": https://www.spreaker.com/podcast/the-... 🚨 QUESTION - Which country or city you would like us to talk about? 🔴 ** ABOUT THE CHANNEL ** From ten years living as an expatriate in the Middle East, South America, and Eastern Europe, to facts from reliable sources. Straightforward, no-nonsense guides for every expat. Some of the links posted and mentioned may be affiliate links, meaning that the author will have a commission for any transaction. 💡 TOPICS IN THIS VIDEO 💡 can you retire in cyprus, cost of living in cyprus, cyprus retire, cyprus retirement, cyprus retiring, how is life in cyprus, how to move to cyprus, larnaca, limassol, living in cyprus, living in limassol, moving to cyprus, retire in cyprus, retire in cyprus from uk, retire in limassol, retiring to cyprus 🔎 EXCERPT 🔎 today I am going to show you the Pros, the Cons, the Cost of Living, and the 2 best cities to retire in Cyprus. but also, by the end of this video, I am going to tell you a very important alert because if you are not careful, you might end up on the wrong side of this island, and risk everything. So we start with the PROS of moving and retiring to Cyprus We start answering this question: Is Cyprus really as tax-friendly for expats as people say? In other of our videos, we talked about how Greece and Southern Italy are attractive to foreign retirees, since both have a special tax program where foreigners pay only 7% in income tax. In Cyprus, it is EVEN LESS: There, you will pay only a flat 5% tax On top of that, Cyprus has double-taxation agreements with several countries, like the UK and the US. So any tax you pay in Cyprus, can be discounted from the amount you would pay to the US, for example. Cyprus also has ZERO inheritance or gift taxes, which is an often ignored but extremely important benefit for the families of retirees. Because you might ask: How do Cyprus’s tax benefits compare to European nations? Well, in countries like the UK, from 20% to 40% of what you will pass on to your family will be taken by the government. In Cyprus, it is ZERO - any inheritance that you pass will NOT be taxed. It is a case similar to Malta, which I covered in this video here (the link is also in the description). Another pro of moving to Cyprus that is important for foreign retirees is the healthcare quality Cyprus has a general healthcare system, also known as GESY which is quite interesting because it is a hybrid of private and public healthcare.

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