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North Cyprus Apartments Secrets 

Self-employed persons must possess academic or professional qualifications, which are in demand in Cyprus and do not crate competition to the local population. People of Cypriot origin or the foreign wives of Cypriot citizens are not regarded as foreigners. Residence permits are issued to the following providing that certain criteria are met.

Going through a company like Headlands has several advantages: you will get to see a wide range of properties in Cyprus that suit your requirements;you have the benefit of our many years experience, as well as a fully staffed office to support you in the UK; it will eliminate any possible misunderstandings ;it helps takes away the stress and strain associated with house purchasing in Cyprus.

Transactions and payments are simply made through your foreign deposit account. The Cyprus currency system is based on the decimal system. One Cyprus Pound is divided into 100 cents. Coins range in value from one cent to 50 cents and four bank notes are in circulation: 1, 5, 10 and 20.

Compared with other international financial centres, Cyprus offers a distinct benefit in the form of double taxation treaties. Agreements with an increasing number of countries eliminate the double taxation of income earned in any one of these countries. In practice, the tax levied by one country is credited against the tax levied in the taxpayer's country of residence. Where different tax rates apply, the tax payer will ultimately not pay more than the higher of the two rates of the respectively countries.

The Minister of the Interior may grant a permit only if the Immigration Control Board confirms that the applicant falls under one of the following categories and meets the necessary criteria. (a) Farming. He possesses adequate land or a permit to acquire it and at least CYP250.000.(b) Mining. He possesses a mining permit and at least CYP200.000. (c) Trade. He has capital of at least CYP150.000,(d) Retirement. He has a secure income of about CYP5.000 per person and he and hid dependants will not work.

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