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Moving to Cyprus with the Whole Family

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Cyprus is a peaceful and safe destination, offering numerous advantages for families who either already live there or are planning to relocate permanently with children. Here are some of the key reasons why Cyprus is such an attractive place to live:

Why Choose Cyprus for Living?

Climate: Cyprus boasts one of the most comfortable climates in the Mediterranean, with an average of 320 sunny days per year. It’s the only EU country with the longest summer, stretching from May to November. The island’s unique landscape blends mountains and sea, offering plenty of leisure options, whether it’s lounging on pristine beaches or exploring the Troodos mountains, traditional villages, waterfalls, and lush fruit orchards.

Safety: Cyprus ranks first among the safest countries with a population under 5 million and is 5th in the world overall.

Friendly Locals: The local population is very welcoming, and English is widely spoken across the island, making it easy for foreigners and Cypriots to communicate and connect.

Education: Cyprus has one of the best private education sectors in Europe, with many schools offering English-language programs.

Healthcare: The World Health Organization ranks Cyprus as one of the healthiest countries in the Mediterranean.

Environment: Cyprus is also one of the EU countries with the lowest air pollution levels.

Connectivity: Despite being an island, Cyprus has well-developed sea and air links to mainland Europe. International airports in Larnaca and Paphos connect Cyprus to all major global hubs.

Tax Benefits: Recent changes include a 50% reduction in income tax for 17 years for foreigners working in Cyprus with an annual salary over €55,000.

How to Move to Cyprus from Ukraine for Permanent Residency?

Ukrainian citizens can move to Cyprus and obtain the following types of residence permits:

  1. Temporary Protection Status: Apply for this special protection status through the immigration service in Cyprus and receive a decision quickly. Resident plastic cards are issued within two weeks of application. This status also grants the right to work and access to free healthcare.
  2. Visitor Status for Financially Independent Individuals: Suitable for Ukrainians earning income abroad and not planning to work in Cyprus. Applications are made locally, and a resident card valid for one year is issued. The main requirement is proof of a minimum monthly income of €2,000 for the principal applicant.
  3. Permanent Residency by Investment (from €300,000): Purchase an apartment or villa for your family, apply for permanent residency through the immigration service, and receive a decision within 3-4 months. The entire family receives permanent residency, with the first resident card valid for 10 years.
  4. Digital Nomad Visa Program: Cyprus recently launched a program for digital nomads. Key requirements include having sufficient income (at least €3,500 per month for the principal applicant), not seeking employment in Cyprus, opening a bank account, and having a place of residence. The residence permit is issued for one year, with the option to renew for another two years.

Learn more about obtaining residency and emigrating to Cyprus in 2024.

 

Feod Group offers full legal support from our offices in Ukraine and Cyprus, including:

 

 

FAQ
Cost of Living in Cyprus 2024

The cost of living in Cyprus is moderate compared to other European countries, with the cost of a basic grocery basket being about 20% lower than in Austria, Germany, or Switzerland.

  • Average Rent for a 1-Bedroom Apartment:
    • Paphos: from €650
    • Larnaca: from €700
    • Limassol: from €870
  • Average Property Purchase Cost: From €1,600 per square meter
  • Daytime Private English-Speaking School: From €6,800 per year
  • Estimated Monthly Expenses per Person: From €700

 

Where is the Cost of Living Lower in Cyprus?

The cost of living across cities in Cyprus doesn’t vary significantly, but among Ukrainian citizens, Larnaca and Paphos are the most popular due to their lower rental and property purchase prices.

The price range for real estate in Cyprus can vary widely depending on the location and size of the property. Here’s an overview of the average rental and purchase costs by city:

Rental Prices for 1-Bedroom Apartments:

  • Protaras: Starting from €500 (from €800 closer to the sea)
  • Paphos: Starting from €650
  • Larnaca: Starting from €700
  • Nicosia: Starting from €600
  • Limassol: Starting from €870

Property Purchase Prices per Square Meter in City Centers:

  • Paphos: Starting from €1,500
  • Larnaca: Starting from €1,880
  • Nicosia: Starting from €2,100
  • Limassol: Starting from €3,000

These figures offer a general idea of the cost of living and real estate across different cities in Cyprus, highlighting Larnaca and Paphos as more affordable options compared to cities like Limassol.

Is Cyprus Safe for Living with Children?

Cyprus is considered one of the safest places to live in Europe, with an exceptionally low crime rate. The island ranks 5th globally among the safest countries in the world.

This makes Cyprus an excellent choice for family life, ensuring that your children are in a secure environment.

 

 

READ ALSO:

🔹 How to Register a Company in Cyprus
🔹 How to Open a Bank Account in Cyprus as a Non-Resident

 

Article author

Luhina Iryna Head of department
Visas and Immigration
Ukraine
In 2006 graduated from the National Aviation University (NAU), Kiev with a degree in Philology, Translation. Irina Lugina has many years of successful work experience in large companies with a voluminous workflow. Within Feod Group specializes in: visa support by category for financially ...
In 2006 graduated from the National Aviation University (NAU), Kiev with a degree in Philology, Translation. Irina Lugina has many years of successful work experience in large companies with a voluminous workflow. Within Feod Group specializes in:
  • visa support by category for financially independent foreigners, visas for entrepreneurs and investors in the EU, Great Britain and the USA.
  • preparation and compliance of packages of documents for registration of companies in low-tax jurisdictions, opening bank accounts.
  • obtaining a residence permit and permanent residence in Ukraine on the basis of marriage and through company registration.
Speaks Ukrainian, Russian, English
read more
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