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Cyprus has been and still is 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.

Many of these residents are very aware of the great advantages of purpose-built retirement villages later in life but are disappointed to find out that there are not any existing options available to them until now. This also follows that many new retired prospective clients coming from all over Europe, the Far East, the Middle East and South Africa are looking for this kind of retirement living.

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.

With golden beaches, green forests and other natural wonders, it boasts one of the healthiest environments in the world. Crime rates are incredibly low, and education is of high quality. In Cyprus, east meets west; traditions play an important role in society, but life is never stuck in the past. It offers a relaxed, gentle pace without ever being dull. There are many reasons why people from across the globe choose to retire in Cyprus. It’s been named the 4th Best Retirement Destination Globally, due to its promise of safety, warm climate, and accessibility.