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Living in Cyprus
Nicosia · EUROPE · Greek / English
Cost of living
$910
excl. rent
Rent 1BR
$950
city center
Safety
8/10
GPI 2024
Internet
100 Mbps
avg speed
EU island with the lowest corporate tax rate in Europe, 340 sunny days, and a massive Russian-speaking community.
✓Pros
- ✓ 12.5% corporate tax — lowest in EU
- ✓ 340 sunny days per year
- ✓ English widely spoken (official)
- ✓ EU member with Schengen links
- ✓ Large Russian/Ukrainian community
- ✓ Low crime rate
✗Cons
- ✗ Divided island (north/south issue)
- ✗ Small country — limited career options locally
- ✗ Higher rents in Limassol
- ✗ Can feel isolated
Details
Climatemediterranean
EnglishHigh
CurrencyEUR (Euro)
Tax rate12.5%
Beach✓
Mountains✓
Visa Options
EU citizen (free movement)Digital Nomad VisaCategory F visa (passive income)Company formation (low tax)
Visa-free days by passport:
US: 90dGB: 90dDE: 90dFR: 90dRU: 90dUA: 90dPL: 90dCA: 90dAU: 90d
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