Moving to Cyprus – a step-by-step guide

Step 1: Choosing a city and property

The first step is to choose a city and the right property. Paphos It stands out with its calm pace of life and beautiful surroundings, while also offering investment opportunities:

• Rental studio flat from €600 per month, houses from €1,700
• Purchase apartments from €180,000

TIP: Paphos is the ideal spot for people planning short-term rentals and digital nomads.

Alternatively, one could consider Limassol - island business centre, or Larnaca - moderate prices and good infrastructure, but for peace of life and investment potential, Paphos remains number one.

Step 2: Residence registration and formalities

Upon arrival in Cyprus, you must complete basic administrative formalities. The most important of these are:

• Yellow Slip (Registration Certificate) - necessary to legally live and work
• Tax Identification Number (TIN) - essential for tax settlements and opening a bank account
• Bank Account - Most payments require a local bank account

Advice Sort out the formalities straight after you arrive – this makes signing rental agreements and accessing services easier.

Step 3: Accommodation and Moving

After the formalities, it's time for accommodation and organising the move. You can start by renting, which allows you to get to know the area better and then decide on purchasing a property.

Moving costs can look like this:

Renting in Paphos offers great flexibility, and buying an apartment is an excellent option for those planning a permanent stay or an investment.

Step 4: Healthcare and insurance

Healthcare is of a high standard, particularly in Paphos and Limassol. You can use:

• Public health service - available after resident registration
• Private insurance - costs €80–200 per month, depending on the scope

TIP: Private insurance provides quick access to specialists and examinations.

Step 5: Schools and education

For families with children, choosing a school is crucial. Public schools are free for residents, while international schools offer a high standard of education for €5,000 - €12,000 per year. Extra-curricular activities and learning English help with faster integration.

Step 6: Transport and everyday life

A car is almost essential in Paphos, especially outside the city centre. Fuel costs around €1.50 - €1.70 per litre, and public transport is limited. Alternatives include bicycles or scooters, which make it easier to get around the city and its surroundings.

Step 7: Daily living costs

The average monthly expenses in Paphos are as follows:

TIP: Planning your budget in advance helps to avoid unforeseen expenses.

Step 8: Tax and tax residency

Programme non-dom Cyprus offers favourable income tax rates and no inheritance tax. Using a tax advisor when relocating can help optimise liabilities and plan future property investments.

Step 9: Integration and Life in Cyprus

Integration in a new place is as important as formalities. Learning basic Greek and English, participating in local events and expat networks, as well as enjoying the beaches, sports, cafes and restaurants, allows you to quickly feel at home. This makes every day spent in Paphos a pleasure, while also allowing you to invest in property and plan for a stable future.

A well-planned move allows for a comfortable life and successful investments. Paphos, recommended by EM PRO, offers the best balance between a peaceful life and financial potential. If you need support in choosing an apartment or house, EM PRO provides comprehensive services for moving and investing in Paphos.