Yes, the cost of living in Cyprus is one of the advantages that brings many people here to invest. Cyprus, based on statistics, has one of the lowest costs of living within a developed nation while providing a high European standard of living.
The weather in Cyprus is excellent throughout the year with sunshine almost 95% of the year
There are many reputable schools in Cyprus, Greek and English speaking schools. All major towns have international schools of high reputation offering GCE and other examinations.
Greek is the primary language but the majority of the population speaks and understands English very well. Other languages spoken are Turkish, Russian, French and German.
As of January 1st 2008, Euro is the official currency.
Cyprus has treaties for the avoidance of double taxation with Austria, Bulgaria, Canada, China, Czech Republic, Slovakia, Denmark, France, Germany, Greece, Hungary, Ireland, Italy, Kuwait, Norway, Poland, Romania, Russia, Sweden, U.K, USA and Yugoslavia. The main purpose of these treaties is the avoidance of double taxation of income earned in any of these countries. E.g. UK citizens may take advantage by receiving pensions and investment income in Cyprus free of UK withholding tax.
Yes. A written application must be provided to the Council of Ministers after the agreement is signed. However, permission is granted to all more or less.
Non-Cypriots that wish to work in Cyprus must have a work permit as a formality, which it's easy to get.
Purchasing property in Cyprus is very easy as you are allowed to purchase a house or an apartment, a plot of land not exceeding 4000 m2, or a villa on a building site not exceeding 4000 m2.
Prices vary based on size, location, and specifications. As far as payment methods, almost all banks offer mortgage facilities.