Sports in Cyprus

Sports in Cyprus Sports in CyprusSports

As for the rest Europe, much of the male population of Cyprus is obsessed with football. Otherwise, the most popular activities relate to the island’s geography and climate, from paragliding and climbing to sailing and scuba diving or even, for a few weeks in the year, skiing on the snowcapped Troodos Mountains.

Air sports With its excellent weather and varied terrain and coast, Cyprus is ideal for flying, gliding, parachuting, and windsurfing.

For general information contact the Cyprus Airsports Federation or call on 00357 22339771 . Continue Reading

Information regarding Brexit

Information regarding Brexit for British Expats living in Cyprusbrexit

Important information provided by The Daxi Group with regards to the British High Commissioners Visit To Kama Lifestyle Today – IMPORTANT INFORMATION.
Many people have been asking for clarification, particularly about permanent residency in Cyprus. This was addressed today by the British High Commissioner and his team.
The Facts Are:
If you DO NOT have a yellow slip and you are living mainly in Cyprus and want the benefits associated with being a Cyprus resident – YOU NEED TO APPLY FOR A YELLOW SLIP.
If you have lived in Cyprus for 5 years or more AND already have your yellow slip, you need to apply for the MEU3 which is the form for permanent residency in Cyprus.
Recommended documents which may be submitted for the application of a Certificate of Permanent Residence, by the person concerned in order to prove the continuity of Residence in the Republic of Cyprus. Note that the below mentioned documents are NOT ALL required in every case, nor individually, but as appropriate depending on the case.
1) Certificate of Registration or Residence Card.
2) Rental agreement or property sale contract, or title deed, for the last five years.
3) Utility bills or statements of accounts from the relevant Authority (water, or telephone or electricity) dating back five years.
4) Bank statement dating back five years.
5) Social Insurance Certificate for contributions over the last five years by month.
6) Any other document proving the completion of a continuous period of five years in the Republic of Cyprus.
It will cost €20 to upgrade to permanent residency (MEU3). This is not a new thing because of Brexit. This has always been the way to apply for permanent residency. The Yellow slip is just a registration. This can take several weeks due to the volume of people applying. Applications can be made at your local immigration office. It is advisable to have all the necessary paperwork required before you go.
If you have a yellow slip already but have not yet been resident in the country for 5 years or more, you will be eligible to apply for permanent residency after the five years is complete.
The High Commission are advising expats to register or apply for residency. It is not compulsory but will entitle you to the privileges of a Cyprus resident even when the UK comes out of the EU.
It was also confirmed that if you are resident in Cyprus or permanently living in Cyprus that you should NOT be using your E111 health card and that the British Government is making checks regarding this.
It is anticipated that most things will remain the same for expats living in Cyprus after Brexit and that pensions will still be able to be sent here with no cap on the amount.

As well as the discussion regarding the mandatory requirement to apply for the Certificate of Residency aka the “Yellow Card”, there was also discussion regarding the voluntary (but recommended) requirement to apply for a Certificate of Permanent Residency (Form MEU3)…
Healthcare…. There will be no change
Pension……. There will be no change…. You will receive your pension as usual plus any annual increases
Voting…… You will not be able to participate in voting in the UK….. this may change later
30th March 2019…… Decisions made on this date will take approx. 2 year to be implemented
It is important to bear in mind that….. As we are not part of the EU we will have to be prepared to accept and abide by the rules and law of Cyprus rather than that of the UK….. Each of the 20+ countries of the EU have their own individual rules and laws which are specific that particular country and cannot be over-ridden by other countries including the UK….
There will also be issues on which answers do not reply purely on the reaction or response of Cyprus but might depend on the response of all the other EU member countries….

The language

The official language in Cyprus is Greek, but if you don’t speak Greek, there is no need to worry. You can get along just fine without speaking Greek and instead speaking English (and Russian to Language-300x212some extent).
Tourism (particularly from Russia and UK) is a huge part of the Cypriot economy, so most places are able to accommodate English and Russian. WIth Cyprus’ history as an English crown colony until the middle of the 20th century, English is of course also still spoken by most Cypriots.
If you want to learn Greek, you will also be able to do that by attending either free or paid Greek classes. Continue Reading

Taxes in Cyprus

Taxes-in-Cyprus-300x212Taxes in Cyprus Taxes in Cyprus
The tax rates in Cyprus are pretty low, but obviously not compared to the tax rates of European tax havens such as Monaco and Andorra. Here is a short explanation of the tax system in Cyprus:
Personal income tax
There is no income tax of the first €19,500 personal income on a yearly basis, which means that a significant part of the Cypriot population does not pay personal income tax. The rates for personal tax is as follows:
Personal income Income tax
€0 – €19,500 0 %
€19,501 – €28,000 20 %
€28,001 – €36,300 25 %
€36,301 – 60,000 30%
60,000 + 35%
Social tax
On all personal income there is a 6-7% income tax, which is paid by the employee. The company also adds to the social insurance tax.
Other taxes and tax benefits
There are also other minor taxes, company taxes, taxes on dividends plus some tax benefits for new comers that are relevant to look at. You can read more in our article with a detailed explanation of the tax system and benefits in Cyprus.
You can read much more about taxes in Cyprus here.

Please note details were correct when going to press, Maispa can not be held responsible for any changes made by the tax office.

Sports in Cyprus

As for the rest Europe, much of the male population of Cyprus is obsessed with football. Otherwise, the most popular activities relate to the island’s geography and climate,

Sports-1-300x212 from paragliding and climbing to sailing and scuba diving or even, for a few weeks in the year, skiing on the snow capped Troodos Mountains.

Air sports With its excellent weather and varied terrain and coast, Cyprus is ideal for flying, gliding, parachuting, and windsurfing.

Continue Reading

Social Insurance

Social Insurance Security Cyprus

The Social Insurance Scheme Social Insuranceunder the Ministry of Labour and Social Insurance (MLSI) provides monetary benefits for retirement, illness, disability, old age, marriage, maternity, orphanhood, unemployment, widowhood, death and employment injury.
Cyprus citizens and anyone legally employed in Cyprus are eligible for this. EU citizens who are pensioners/retirees are also eligible. Those who want to continue coverage after a period of mandatory contributions (Voluntary Contributors) may opt to do so; all others must obtain private pensions and insurance.
Exemptions:
• Self-employed people are not eligible for unemployment or employment injury coverage
• Other voluntary contributors are only entitled to marriage, maternity and funeral grants as well as old-age and survivor benefits
The Cypriot social security system provides benefits and pensions. It is financed by employee, employer and state contributions. Under the social security system, recipients are entitled to subsidised state health and dental care.
Payments are made to the District Offices of the Department.
• The Department of Labour publishes a list of addresses and contact information for the Ministry of Labour and Social district offices
Social insurance payments can also be made via the internet. To register for online payments, complete and return the application form payment of contributions over the internet (PDF in Greek).
Once registered, a code will be issued so that payments can be made via the online Social Insurance contribution payment system.
• For information brochures visit the Social Insurance Services website
• More information regarding social insurance payments in Cyprus is available from the Ministry of Foreign Affairs

Click here for more information

Pros and cons of living in Cyprus

Pros and cons of living in CyprusPros and Cons
There are pros and cons about living in any country and it is the same about Cyprus. It is also to a large extent a personal perspective based on your own expectations and plans for life. Some of the pros and cons will not be visible immediately when you arrive. Maybe not even within the first year. But sooner or later everyone will start making their own list called: Pros and cons of living in Cyprus. If you are considering moving to Cyprus you will of course not have that luxury. So here is a list of pros and cons about living in Cyprus, which are based on my perspective and input from other expats (of varying nationality) living in Cyprus. Continue Reading

Health Care Facts and Information

Health Care Facts and InformationPaphos-general-hospital-1-300x212

If you are moving to Cyprus you will initially need to arrange to obtain the appropriate E-Form from your Doctor in your own Member State, in order that you may obtain health care on the island.

Since 1960, the year of Cyprus’s independence, emphasis has been given to Prevention, a necessary aspect of Health Care. Cyprus now has an international reputation for its Prevention Programs which have managed to practically eliminate diseases such as Malaria, Tuberculosis and Echinococcus. Continue Reading

Getting work in Cyprus

Getting work in CyprusJobs-1-300x212
There are plenty of available jobs in Cyprus. Luckily for you, you have come to the right place to find Cyprus jobs.
The type of jobs can you find in Cyprus?
There is as big a variety amongst the types of jobs offered in Cyprus as in any other country and you will find any type of employment from jobs within tourism to service jobs and jobs in high tech industries that requires university degrees and multiple years’ experience. Continue Reading

Cyprus Citizenship

CYPRUS CITIZENSHIP BY INVESTMENT – NEW CRITERIA 13/9/2016

Citizenship

Citizenship

The Council of Ministers approved on 13/9/2016 the new criteria of obtaining Cypriot Citizenship by investment, based on article 111A, subsection 2 of the Civil Registry Laws of 2002 -2016.

A non – Cypriot citizen who meets one of the criteria explained below either personally or through a company/ companies in which he/ she participates as a shareholder – proportionally based on the percentage of participation, or through investments that his/her spouse made or investments that were made jointly with his/her spouse or as a high-ranking senior manager of a company/ companies that meets one of economic criteria (A), may apply for the acquisition of the Cypriot citizenship through Naturalization by exception.

Continue Reading