Cyprus has been and still one of the most popular retirement destinations in the Mediterranean and has an existing ex-pat population of around 150,000.
Many of these residents have made Cyprus their home for many years and are very reluctant to re-patriate.
Add to this the low cost of property and easy residency. It is clear, Cyprus is a strong contender when it comes to finding the perfect country to retire to.
But perhaps the biggest advantage to retiring in Cyprus are the tax benefits for retirees where pensions can be zero rated for tax at source and taxed in Cyprus at the very low rate of 5%.
The country also does not have inheritance tax, which makes it appealing to those wishing to leave a legacy for their children.