By 
Retirement is a phase that many people don’t like thinking about. It is an inevitable phase of life that is becoming more certain to people now that life expectancy rate is increasing. In recent years, stories have been written about people who are not retiring, partly because of lack of preparation. Other stories have been written about people who are selling their houses and moving to less expensive cities and countries. In this report, we will look at how to move to Cyprus, which is a fast-growing destination of choice to many Americans.
Why Cyprus for Retirees?
Cyprus is a small country that many people have never heard about. It has a population of slightly above 1 million people. It is located in the Mediterranean sea, at the intersection of Africa, Europe, and Asia. Cyprus is a developed country that is also a member of the European Union. There are several reasons why many retirees from the United States and Europe are moving to Cyprus.
First, the country has an investment passport. This makes it possible for foreigners who meet a particular threshold to move into the country. For example, they must make a $2 million investment in the country to become citizens.
Second, Cyprus has relatively low prices compared to the United States. It is possible to get an apartment that goes for less than $3000 a month. It is also possible to buy a big house or apartment in the major city for less than $100k. This means that your retirement funds can go a long way.
Third, Cyprus has been voted as a leading destination for retirees because of the security, warm weather, and excellent beaches. Therefore, as a retiree, moving to Cyprus can help you live a great life and save a lot of money.
How to Move to Cyprus as a Retiree
The process of moving to Cyprus is relatively easy. To most retirees, the best option is usually to get an ordinary visa and renew it as required. Another option is to get an investment passport. This is a passport that is used by many moneyed people who want to live in a secure place with a high quality of life.
Getting an immigration passport is relatively easy if you decide to use an immigration and residence attorney who has been in the business for a considerable amount of time. The attorney will help guide you on the requirements that you need to meet. They will also guide you prepare the documents and register them.
There are many immigration lawyers in Cyprus. As with most countries, some of these lawyers are good while others are not all that good. Therefore, it is recommended that you do your research and use companies like IFSA Experts.
Settling in Cyprus
After getting your migration papers, you need to find a good property where you will be living. The real estate industry in Cyprus is heating up. Still, it is possible to find a good property that is affordable in most cities and villages. We recommend that you start your search in large cities like Limassol and then move to other small cities. Also, we recommend that you compare multiple houses before you chose the one you want to settle in.
Comments