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Do I earn enough to move to Cyprus?

Discussion forum for expats moving to or living in Cyprus.

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Do I earn enough to move to Cyprus?

Post Posted: Sun Jun 20, 2010 2:32 am

Hello everyone. I work as a webmaster and I've been thinking about moving to another country for a long time. Right now I live in Sweden and the taxes here are killing my small company.
My budget isn't the best. I right now have about $13,000 (USD) saved and I make about $26,000 USD per year before taxes.

Will this be enough to move? I think about getting a furnished apartment that I rent. A studio apartment will be enough. (~€300 month).
I will not bring all my stuff with me, only clothes and a computer and other small stuff.

Do you think I can make it with my budget? Or should I just forget about it?

 

Pilke
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Re: Do I earn enough to move to Cyprus?

Post Posted: Sun Jun 20, 2010 11:10 am

A very big decision one not to be taken lightly, making a living on Cyprus is difficult, many of us came here to retire and sit back, but I started a website and it is successful although you could not live on the proceeds, in fact I only cover my cost's, but you could conduct commerce here over the ''net'' that would be possible, but do come and try the island first, it does get very hot here as it is at this moment, fine for the beach bums but for working forget it.

good luck


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Jim - also @

www.CyprusLiving.org

 

CyprusLiving
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Re: Do I earn enough to move to Cyprus?

Post Posted: Sun Jun 20, 2010 4:33 pm

Thanks for your reply.
I will still make the same money from the websites I already got after I move. I don't have to start from scratch. But I do need to setup a new company in Cyprus so I can get rid of the Swedish taxes.
But once that is done I can just let the money go into my Cyprus bankaccount instead of my Swedish.

But do you guys I can make it with the low budget I got? I dont plan to eat out everyday or spending a lot of money.

 

Pilke
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Re: Do I earn enough to move to Cyprus?

Post Posted: Sun Jun 20, 2010 7:52 pm

Why Cyprus? Bulgaria is a very cheap place buy & to live, i dont no about a apartment but the villages are very cheap to buy property in & if you are near to a town you could have an office or work from home which ever you want, our internet isent a bad speed in my village & i live near a town & my friend goes into town daily to her office as the internet is quicker there. Chirpan near Stara Zagora. just thought id mention it, good luck were ever you go ok Sandra


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san

 

sandra6
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Re: Do I earn enough to move to Cyprus?

Post Posted: Sun Jun 20, 2010 8:15 pm

I've been thining about Bulgaria a lot too! But people say it's a very corrupt country. People try to scam you in every way they can. And I'm not sure I would be comfortable living in a country where you really need to watch out all the time. But that's just what I've heard.

Also, don't you have to know how to speak Bulgarian to become a citizen in that country? Smile

 

Pilke
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Re: Do I earn enough to move to Cyprus?

Post Posted: Thu Jul 01, 2010 9:20 am

Regarding budget, well this of course will depend on your lifestyle, all I can say I live on half that amount for two of us, but I do live simply, I do though have my own home so no rent.

This maybe of interest to you, tax threshold is €19.000 per year here, also you will have to pay your employment stamp to qualify for local medical cover, or you will have to pay for medical insurance from any insurance company, you have to have this to get by the immigration dept.

Regarding Bulgaria my Cypriot son in law has land there near Sunny beach, he cannot sell it, and has been duped with some cash deals, the country also has a poor record now regarding property deal, as has Cyprus unfortunately, it is a cheaper country but it feels that way to.

Also the infrastructure of Bulgaria is quite poor, all these things no matter where you live have to be taken into account, regarding language most Cypriots can converse with you in English, always a bonus as some find moving to Spain or France where you will need to speak the language of that country.

And to answer the question above ''why Cyprus'' well this is a Cyprus related forum, so I guess question on Cyprus will be the main event. Smile


Just my opinion of course.


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Jim - also @

www.CyprusLiving.org

 

CyprusLiving
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