Relocating to another country is a huge decision to make and it isn’t always possible to ‘test the water’.  However, if you would like to do just that why not come over for 6 months or a year and stay in one of the Luxury Suites at a centrally located Hotel.  The suites have a lounge, kitchenette, 1 bedroom and a bathroom and the prices are fully inclusive of all services.     

See our Rentals section for more details at reference CRR-57.

Unique Bespoke Villas in Tsada are available at pre-launch prices with GUARANTEED TITLE DEEDS issued immediately on completion! Please email info@ceriseconsulting.com

CHECK OUT OUR INTERNATIONAL PAGES FOR PROPERTIES IN CRETE, GREECE, BRAZIL, SAUDI ARABIA, TURKEY, THAILAND, BULGARIA, CAPE VERDE, DUBAI, EGYPT, SLOVAKIA ETC. NEW COUNTRIES ARE BEING LISTED ALL THE TIME

CRW-48 - Bang Toa - Villas - 2 and 3 Bedrooms - Thailand

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Below is one example of prime 'front line' land which is available for investors

CRL: 113
	Land in Latsi, Polis, Cyprus with beach frontage close to Latsi Marina with water, electricity and access road, suitable for a hotel, tourist village or individual villas. Plot:  62,800m2 (47 donums) Build:  35% for Hotel (22,000m2) or 20% for dwellings (12,560m2) Price:  €44,000,000  /  CY£23,996,234

An article written by Jessica Brown taken from ‘The Sunday Times’ Newspaper dated January 20, 2008

Revealed: the best places in the world for retirement

Cyprus tops the list of destinations because it has an income-tax rate of just 5% on pensions for retired residents, as well as low property prices and no inheritance tax. It also scores highly on related issues such as ease of gaining residency, low property buying and selling costs and benefits for pensioners.

Do you feel you’ve had enough of the rat race and want to jet off to a life in the sun? Here are your options

RECORD numbers of Britons are fleeing the country for more appealing climates, lower taxes, more affordable property and fewer traffic jams.

Latest figures from the Office for National Statistics show that 200,000 people left Britain for good last year, and the majority of them were retirees.

However, many of those who live the dream underestimate the financial implications. Many couples retiring to Spain, for example, think they will pay lower tax, only to be hit by a wealth tax of 0.2% to 0.5% of their worldwide assets.

And many couples fail to realise that in Spain and France, unlike in Britain, inheritance tax can be levied on assets passed between a husband and wife – and the rate is 30% on average.

Today, we reveal the best places in the world to retire, based on eight key financial categories – income tax, inheritance tax, property tax, property costs, ease of gaining residency, healthcare, climate and culture.

The comprehensive research, conducted by the Homebuyer and Property Investor Show, gave the 10 most popular retirement countries a mark out of 10 in each category, to come up with an overall score out of 80.

Nick Clark, managing director of Homebuyer Events, said: “Not only does Cyprus offer a warm, sunny climate, it also benefits from favourable taxation and healthcare policies.”

Panama, now infamously the chosen destination of “back from the dead” canoeist John Darwin and his wife Anne, comes a close second. This is largely thanks to its pensionado scheme, which offers attractive discounts for pensioners.

CYPRUS

Southern Cyprus is a four-and-a-half hour flight from Britain. It is favoured by retirees because of its hot, dry summers and mild winters – not to mention its preferential 5% tax rate on pensions.

English is widely spoken and they even drive on the same side of the road as in the UK.

Tax

Retired residents from overseas are taxed on their pensions at the rate of 5% above about €3,417 (£2,554) a year, whether it is a state, company or personal pension. To qualify for the low rate, you must have lived in the country for at least 183 days.

Alternatively, you can pay the normal rates, in which case the first €19,500 is tax free, rising to 30% on €36,301. So the smaller your income, the better off you are under the normal system.

Remember that if you continue to have assets in Britain, such as bank accounts or an investment portfolio, you will still be liable for UK tax on any income, even if you are resident in Cyprus. Many retirees therefore move their assets offshore, and then bring the income into Cyprus, in which case there would be no tax to pay, according to Jonathan Spring-Rice of adviser Towry Law.

British retirees will also be attracted by the fact that Cyprus abolished inheritance tax in 2000. However, to benefit from this, expatriates will have to prove they have severed all links with Britain – and this may not be as easy as you think.

It can take more than five years and involves closing down all accounts and selling all UK property, and cancelling your registration with your doctor and dentist, among other things.

Property costs

Property prices in Cyprus start from about £77,000 – although the island is rapidly catching up with prices in more established retirement hotspots such as France and Spain.

Stamp duty is 0.15% for properties worth up to about £130,000 and 0.2% on more expensive homes, compared with 1% to 4% in Britain.

However, there may be property transfer fees of 3% of the first £65,000 or so, 5% on homes worth between £65,000 and £130,000 and 8% on those valued at more than £130,000.

Ease of gaining residency

Retired EU nationals do not require a visa to move to southern Cyprus, but they do need a temporary residence employment permit that should be applied for on arrival.

Those wanting to buy property must also prove they have adequate income or financial resources to live without working. The minimum requirement is about £8,000 a year.

Healthcare

Now that southern Cyprus has joined the European Union, pensioners from other EU countries are entitled to use the public health system.

However, there are few state residential nursing homes or hospices for the terminally ill on the island, so many people needing long-term care simply return home to Britain

You can view the full article from this link: http://business.timesonline.co.uk/tol/business/money/consumer_affairs/article3215247.ece

All prices are in Cyprus £'s and Euros; a currency calculator can be found at the bottom of this page for conversion to GB£ sterling and US$, with a link to our preferred currency broker, Sterling Exchange, where currency can be pre-ordered at better rates than the bank with
nil transfer fees.

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