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

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  • Опубликовано: 8 янв 2025

Комментарии • 103

  • @the_expat
    @the_expat  2 месяца назад

    Cyprus, Malta, or Sicily: *What would your choice be?* Here are the other videos we mentioned in this episode: Southern Italy: ruclips.net/video/FYHo1vSEZtM/видео.htmlsi=LHKKBPz-5Hq6IInA / Greece: ruclips.net/video/5o2aWfaRq-M/видео.htmlsi=vCM2lVFWyRC12Xyi / Portugal: ruclips.net/video/wVaZUCwZlCY/видео.htmlsi=UGOOnkQPgdWqP-mV / *Italy vs Greece* ruclips.net/video/K2IkQR0bZX4/видео.htmlsi=Yi251RIuS8nDG0oZ / *Win for free the Ebook "Moving Abroad: What I Wish I Knew Before Sitting on a Plane"* by subscribing to our list here: bit.ly/win-ebook
    *All my best-selling books on living abroad you find here* bit.ly/expatbooks / *Want to learn Italian or Greek (or other languages)?* I learn languages by myself using Lingq. You can try it using this link ( and if after trying for free, you subscribe, this link gives you a 40% discount! ) www.lingq.com/accounts/new/?next=/accounts/subscription/basic_2024/12/b_12levi/checkout/&referral=LevideSouza

    • @shyamdevadas6099
      @shyamdevadas6099 Месяц назад +1

      None of the above, dude. Cyprus is a divided island in a problematic part of the world. Malta is interesting, but the time for choosing it has come and gone. Too expensive, now. Sicily is nice, but too hot and its going to get worse with climate change. Italy has growing economic problems that are starting to impact services, like healthcare. Greece is tempting, but its politics and economy are more screwed up than Italy's. At this moment, I'm better off choosing the mountain highlands of Panama.

    • @Benzknees
      @Benzknees Месяц назад

      @@the_expat - They're all in the Eurozone, which is going to implode at some point, taking the money in your bank account with it, so none of the above. And close to migrant routes.

    • @dickenscider7328
      @dickenscider7328 Месяц назад

      @@shyamdevadas6099climate change, ha, ha.

    • @jeh1333
      @jeh1333 Месяц назад

      Please, justify why you think the Turkish side of the island is the 'Wrong side' of the island?
      There is no 'Wrong side'!
      There is just the 'Preferred side'!
      And, having visited Cyprus since 1972 (and both sides since the division in 1974) I prefer the Turkish side of the island.
      As for buying property in the North /Turkish side of the island, the exact same problem exists with buying certain properties in the South/Greek side of the island.
      So, please, don't spout bogus information and misleading information.
      The absolute fact is - Do your due diligence before you buy and make sure the property you are buying on either side has the correct documents and title.

    • @shyamdevadas6099
      @shyamdevadas6099 Месяц назад

      @@jeh1333 Both sides of the island are truly interesting. The problem is the division from the political struggle between the two countries. While it has become a way of life to have a UN buffer zone dividing the north and south, it is clearly not ideal. It is certainly not normal to have to enter one country only through the border of another. This bifurcation is also never good for domestic development. The peoples from both countries can rightly be complimented for their resilience. But, the risks associated with this ongoing regional struggle certainly make Cyprus somewhat problematic. I do hope the best for them.

  • @Benzknees
    @Benzknees Месяц назад +51

    Don't forget Cyprus stole money out of people's bank account in 2013, seizing 48% of uninsured deposits. When the massively imbalanced Eurozone eventually collapses, imagine what will happen then? Your bank account, your tangible assets like a car, and even house seized to fund the bailout? There's a good reason why the government there want rich foreigners to come in...

    • @DS-fo4ed
      @DS-fo4ed Месяц назад

      True. Cyprus is a banana republic. Lawyers, the government, property developers and the banks all one big cartel. And the cr8me rate? How about those russian gangsters that get fed to the pigs. Never relorted.

    • @Mike-q7h2e
      @Mike-q7h2e Месяц назад

      Cyprus didnt steal anything. The corrupt banks and crminal politicians stole peoples money.

    • @franglais-riders
      @franglais-riders Месяц назад +9

      100% right! That event scared me a lot and funny enough the EU and Bank of England passed laws where they could do the same if necessary. Nowhere is safe but Cyprus was a good rehearsal and it worked perfectly. Obviously those billionaires in the know moved funds before bank accounts were seized.

    • @lynclarke6184
      @lynclarke6184 Месяц назад +4

      @@franglais-ridersour grandparents and great grandparents never trusted banks - they knew a thing or two. .

    • @ClipMania247
      @ClipMania247 Месяц назад +3

      Bitcoin solves this

  • @Smashmouth-lx4vv
    @Smashmouth-lx4vv Месяц назад +5

    Lived there for awhile back in 2001. Sold up 2 years later and came back to the UK. Found myself bored senseless during the off season when everything shuts. In the summer it was filled with low class English tourists wanting pie and chips every day. The summer was 40c for weeks so you couldn't go out and enjoy the beach unless you went first thing or last thing in the day. Not for me but good luck to anyone who does decide to make the jump.

  • @colinhaveron1554
    @colinhaveron1554 Месяц назад +6

    Cyprus is a lovely country to live and the people are fantastic

  • @discoverglobeliving
    @discoverglobeliving Месяц назад +1

    Wow, this is so interesting! I had no idea about this island. Thanks for sharing such useful info - can't wait to learn more about it!

    • @the_expat
      @the_expat  Месяц назад

      Glad you enjoyed it!

  • @stephenburnage7687
    @stephenburnage7687 2 месяца назад +6

    One country with an even lower tax rate is Chile. They give all newcomers a three years exemption on all sources of foreign earned income and a lifetime waiver on all foreign pension income. Hard to beat that.

    • @the_expat
      @the_expat  Месяц назад

      Interesting! I will prepare another video about Chile soon.

    • @patric5076
      @patric5076 Месяц назад +1

      How safe is Chile? How affordable is it? It's known for being one of the most expensive countries in Latin America. Let's not forget the weather, it gets very cold in the winter. So Chile is not for me.

    • @jamessmith1577
      @jamessmith1577 Месяц назад

      @@patric5076 Yes, it is chilly in Chile. They also have riots from time to time because the economy is somewhat unstable.

  • @shyamdevadas6099
    @shyamdevadas6099 Месяц назад +11

    Hot weather? High electricity costs? Water shortages? Hmmm...perhaps those things have something to do with why they're not beating down the doors at the visa offices.

    • @eliassolomou980
      @eliassolomou980 Месяц назад +5

      You forgot to mention low crime, cleanest cities in Europe, cleanest beaches, friendly people, and so much more. There are no water shortages but water is not wasted.
      But it sounds like you can't afford you electricity bill so best you don't go to cyprus, I doubt theyed want you anyway.

    • @shyamdevadas6099
      @shyamdevadas6099 Месяц назад +3

      @eliassolomou980 Don't get me wrong my friend. I really like Cyprus and I have been keeping an eye on it for a long time. The things you point out are definitely real. My comment was specifically about the reason for why more people are not going there. By the way I have plenty of money. I can afford to retire anywhere I want in the world. I am looking for places with the right tax regime. This is another reason why Cyprus is nice but not the best. Sorry if I hurt your feelings about the country. I can see you are quite sensitive.

    • @glenn5328
      @glenn5328 Месяц назад +1

      @@shyamdevadas6099maybe you should find a desert island so you don’t bother anyone?

    • @shyamdevadas6099
      @shyamdevadas6099 Месяц назад

      @@glenn5328 I think you're missing the point of the video, sonny. There are lots of better places to live than Cyprus. The "pros" come with serious compromises. In this future of global climate change, Hot weather and water shortages are a losing combination. To think you can be an exception is moronic. High electricity costs? (Psst...there's this thing called "air conditioning that you need in a hot climate.) So, unless you are the said moron, or you have some other reason to kiss someone's Cypriot butt, I'm guessing that you've made the mistake of moving there already. :)

    • @shyamdevadas6099
      @shyamdevadas6099 Месяц назад +2

      @@glenn5328 Sonny, I've been in this game way more and way longer than you. Me and my money will go to the place(s) where the taxes are low, the standard of living is high, and the social/political/economic security is settled. If Cyprus is the best you can find on those criterion, you have my sympathies. :)

  • @ernestoglesby5342
    @ernestoglesby5342 Месяц назад +3

    I moved here ten years ago. Larnaca is great.

    • @mariemyers6747
      @mariemyers6747 День назад

      May I ask from where? I'm in the US and looking to retire & relocate abroad soon.

  • @no_professional12
    @no_professional12 Месяц назад

    Great information & well produced content. Thank you

  • @ExestentialCrisis
    @ExestentialCrisis 2 месяца назад +7

    😊 Thank goodness for the subtitles.

    • @dstewusa7054
      @dstewusa7054 Месяц назад +2

      @kellyalvarado6533
      Ok, let’s hear you do a presentation in Greek about seaside towns in the UK or the US

    • @ExestentialCrisis
      @ExestentialCrisis Месяц назад +1

      @dstewusa7054
      What are you going on about? Why on earth would I do a presentation in Greek about anything?

  • @cyprusman5908
    @cyprusman5908 Месяц назад +10

    We escaped from the 'YUK' 21 years ago, and still living the dream even with WW3 going on next door. Oh and it's far too hot between June-September with global warming. Also the population has increased recently with all the Ukraine refugees and Israeli and Lebanese millionaires moving in. Otherwise everything else is fine. We do have some refugees as well from Syria and Nigeria but they do work, and not sitting around in 4 star hotels on benefits ! 😎😀

  • @MyersJ2Original
    @MyersJ2Original 16 дней назад

    At around the 4 minute 30 second Mark, you talked about Atlanta in the United States and you said the population of Atlanta is half that of the cypress population of 1 and 1/4 million. But that's way way way off. You simply googled Atlanta, Georgia and got 515, 000 population or whatever but that is not Atlanta. Atlanta is divided into subsidies but it's over 6 million people. And growing so fast. That murder rate you quote. It was for the outer city.

  • @Sabhail_ar_Alba
    @Sabhail_ar_Alba Месяц назад +1

    He's comparing Limasol house prices with Vienna, London and Chicago.

  • @stefanochiriaco6175
    @stefanochiriaco6175 Месяц назад +2

    British people will struggle to get residency as a non EU country now unless you have a lot of money.

  • @WorldinVision-bw9vb
    @WorldinVision-bw9vb Месяц назад

    You mentioned that if you're from the United States or England they offer an attractive permanent residency program. Why single out England? Do you have something against Scotland, Wales and Northern Ireland? Surely the residency applies to the UK and not just England??

  • @Charlies247
    @Charlies247 Месяц назад +5

    It’s not a secret in the U.K. 😂 it’s also difficult to get in unless you have a lot of money.

    • @JimmySees
      @JimmySees Месяц назад

      Correct 👍
      £350k initially plus £40k income per couple per year

  • @roberttorrance731
    @roberttorrance731 Месяц назад

    What is it you pay tax on in Cyprus? I live in the Philippines and pay absolute zero taxes on my dividend / stock income from overseas.

  • @Campingisfunn
    @Campingisfunn Месяц назад

    Are there any religions on this island? and if so what is the percentages like??

  • @catsfan_M
    @catsfan_M 4 часа назад

    Cyprus is expensive, supermarkets ,rental prices ,pharmacies ,taxis , restaurants are more expensive than few years ago. It is not a rich country where u can find a well paid job. What is also very annoying for me that many ppl in Cyprus smoke cigarettes so much. Now in the winter where i live in Deryneia Paralimni area the air is polluted ,full of smoke in the evening , i don't know what they burn , a neigbour said they burn rubbish and farmers burn things. The smoke is very bad for health we can't open window. Many ppl here drive very old diesel cars probably without catalyser which is also bad for air quality. Such things should be forbidden but i don't think anything will change in Cyprus. The streets are very dusty they never clean them with water ,also rubbish in many places .There are many sidewalks in bad condition, ppl park even on the sidewalks.

  • @rayfost
    @rayfost 14 дней назад

    It's too hot for Brits it goes up to the 40s in July to August

  • @pstanyer1
    @pstanyer1 Месяц назад +2

    How exactly do they want you its actually hard to get residency there

    • @ernestoglesby5342
      @ernestoglesby5342 Месяц назад +1

      No it's not. Proof of income is all you need. Pay less tax. NHS transferred to GESY. Found the whole process quite easy.

    • @mariemyers6747
      @mariemyers6747 День назад

      ​@@ernestoglesby5342Very encouraging! I'm from the US and looking to retire abroad very soon!

  • @Johndoe-qn9jr
    @Johndoe-qn9jr Месяц назад

    yes only downside i can think of is the airquality is not great its moderate

  • @lynetterosario5697
    @lynetterosario5697 24 дня назад

    €850 for an apartment in Larnaca is too expensive!

  • @Turtytreeandaturd
    @Turtytreeandaturd Месяц назад +3

    Why did you circle the Republic of Ireland when highlighting the UK?

    • @gall6336
      @gall6336 Месяц назад +1

      Because N Ireland is parr of the UK and so he circled the whole island of Ireland I guess to simplyfy the presentation

  • @nicy4655
    @nicy4655 Месяц назад

    Is that a computer voice narrating?

  • @annealexandrou3415
    @annealexandrou3415 Месяц назад +2

    Want to wash your money? Go to Southern Cyprus.

    • @AnthonyInglis-z5g
      @AnthonyInglis-z5g Месяц назад +1

      If you really wanted to wash your money then go to the North of the Island. It’s the Wild West and 1950’s Las Vegas all rolled in to one.

  • @goldvideo
    @goldvideo 2 месяца назад +2

    Your videos are extremely helpful and well-done, but one suggestion would be to learn how to pronounce English words with -ed at the end. "Lookt" instead of "Look-ed". Also "seezt" instead of "saiz-ed".

    • @the_expat
      @the_expat  Месяц назад

      Noted!

    • @goldvideo
      @goldvideo Месяц назад

      @the_expat Thanks for understanding. I'm presently trying to learn Portuguese and it's NOT easy, so I give you all the credit in the world for speaking English as fluidly as you do.

    • @michael07
      @michael07 Месяц назад

      @@goldvideo fluently, not fluidly. ironic!

  • @truthteller1-v7x
    @truthteller1-v7x Месяц назад +1

    Your talking crap.

  • @mango4ttwo635
    @mango4ttwo635 Месяц назад

    IHT on the first £1 million is 0% in the UK.

    • @davidperkins3621
      @davidperkins3621 Месяц назад +4

      That is not true, it applies only to a couple with a house of high value. A single person with a low value house would get only £325,000 and the value of the house as IHT free.

    • @steve5158
      @steve5158 Месяц назад

      And only around 4% of estates ever pay a penny of IHT. It's irrelevant in other words. ​@@davidperkins3621

  • @anthhub
    @anthhub Месяц назад +1

    They steal your money

    • @stevensofroniou
      @stevensofroniou 21 день назад

      It only happened once in 2013 and contrary to belief they only took half of your savings over and above the 100,000 euros insurance by the banks .

    • @stevensofroniou
      @stevensofroniou 21 день назад

      We are now classed as A category by moodys so do not worry about banks they are regulated strictly now .

  • @chesterlee6508
    @chesterlee6508 22 часа назад

    Full of juice, no thanks

  • @christinaheins407
    @christinaheins407 Месяц назад +6

    I see Cyprus as colonised by the British, with a British RAF Airbase there. That puts me off. Countries throughout the world are sick of Britain and America trying to dominate and exploit their countries.

    • @paulritchie5868
      @paulritchie5868 28 дней назад +3

      Well stay away we won’t miss you.

    • @j2shoes288
      @j2shoes288 27 дней назад

      If the British and US didn't steal from the rest of the world we'd be on equal grounds with coloured peoples. Is that what you want? Cause that's what will happen.

    • @beepositiveforever971
      @beepositiveforever971 25 дней назад

      Who sent you,... neo soviet Putin ?

    • @beepositiveforever971
      @beepositiveforever971 25 дней назад

      If you really knew anything about Cyprus you'd know how colonised it's becoming by 'holier than thou' Zionists.. !