Thinking of moving abroad to make your pension go further? Now more than ever, careful retirement planning is crucial. Let Winkworth International help you on your way with five reasons to choose retirement in Cyprus.
Let the blue skies of Cyprus be the backdrop to your retirement
1. Cost of living
Whether you transfer your pension to a Qualifying Recognised Overseas Pension scheme (QROPS) or not, you can still enjoy Cypriot tax benefits. Cyprus has a double tax treaty with countries such as Canada and the UK, meaning pensions from these sources are taxed in Cyprus alone. You can also earn tax benefits through the Cyprus permanent residency visa; see our golden visa blog for details. Petrol and groceries are two of the affordable purchases you’ll make in Cyprus. Luxury new-build properties are another. See just how much seaview villa in Paphos your investment will buy you on our Cyprus property page.
Single-level accommodation at this new-build Paphos property is big on convenience without compromising on luxury
Paphos and Larnaca International airports are extremely well-connected. You can fly direct from Ireland, Russia or the UK in just four hours. Together with budget airlines, heavyweight operators such as Emirates and British Airways fly frequently out of both airports. On arrival in Cyprus, you’ll find the roads linking major towns and cities easily negotiable. There’s also an established bus network.
A former British colony, Cyprus retains strong links with the UK; British naval bases remain on the island to this day. Road signs feature English translations and English is widely spoken. So, if you don’t speak Greek but you do speak English, everyday life is easily manageable. Speaking of an easy life, a low-maintenance apartment in Paphos couldn’t be easier, particularly if you’re seeking a lock-up and leave property you don’t have to worry about when you’re away.
Cyprus enjoys 330 annual days of sunshine and endless alfresco opportunities to sample the local vintage
3. A healthy dose of sunshine
Hot summers, mild winters and 330 annual days of sunshine mean good weather is guaranteed in Cyprus - whatever the season. When you buy a Cyprus property, you’ll enjoy the well-being a dose of vitamin D brings and forget all thoughts of cold-weather aches and pains. Of course, that legendary Mediterranean diet of sun-ripened produce, fresh fish and red wine is said to be life enhancing too…
4. An unparalleled lifestyle
Cyprus offers a wealth of attractions from history to beaches, sublime Greek-Cypriot cookery and wine production. There is also a growing café-culture as cities like Ayia Napa and Paphos become increasingly cosmopolitan. Voted European City of Culture 2017, Paphos itself is a world heritage site. Around Paphos, you can play a round at the championship golf course at Venus Rock or drive a couple of hours into the breath-taking scenery of the Troodos mountains. Here you can hike, visit stunning natural waterfalls and explore the working monastery at Kykkos.
5. Peace of mind
A recent US report states that Cyprus experiences considerably less violent crime compared to other European countries. These findings certainly support Winkworth International’s experience of Cyprus as a safe place to live. On-site security using high-spec technology also tends to be a standard feature at exclusive new developments on the island. Healthcare in Cyprus is ranked number 23 of 191 countries surveyed by the World Health Organisation (WHO). Mention is made of the quality free health care available. Some services are chargeable but, you can sign up for a reasonable private healthcare scheme.
Renowned for its friendliness and hospitality, Cyprus really is a wonderful place to enjoy your well-earned rest. Contact Winkworth’s International Development office for more information.
Image Source: Wikimedia.org