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Cyprus enjoys a remarkably low crime rate 1/6 of the European average another reason for its popularity with foreign buyers for whom security has become a key element in the property world. Visitors are invariably surprised and reassured by this relaxed aspect of life on the island, where crime is virtually unheard of and theft not commonplace.

In some ways the European community is fantastic, especially that you can now go and work in any member state. Cyprus is no exception, so now buying a property in Cyprus doesn’t just mean buying a holiday home as you can work and live there all year round.

European citizens who come to Cyprus for work must register with the Central Register of Aliens. After being registered, they can look for work if they wish, either through the district labour offices (in all the cities) or by approaching employers directly themselves. You must submit an application for a residence permit to the Population and Migration Archive within three months.

More most of us living costs where ever we live always seem to much, but in Cyprus we can make some very important savings. First; due to the 300 sunny days a year, you can opt for solar power and within 5 years you will be getting your energy for free. Water is quite expensive on the island but if you get government approval you are able to bore a well in your own garden. The total cost in under 400 and before you know it, you’ll have free water running out of your taps.

If you have a business and would like to move to Cyprus you will have no problem in acquiring a property as along it were to be used for the running that business. Permanent residents in Cyprus have to pay tax on world wide earnings but the good news is that they have almost the lowest rate in Europe , and this is extremely beneficial for people who retire there.

By European standards, Cyprus is inexpensive to set up home and live in, and you can get by very comfortably on a smaller budget than you would in many other countries and all these factors along with special tax incentives offered by the Government, explain why so many people from abroad choose to live in Cyprus.