Expat Advice: Financial Issues in Nicosia, Cyprus

What is the name of the city or town that you are reporting on?

Nicosia

Which banks do you use? If you have a local account, which bank do you use? How do you like it? Do you also have an account in your home country? Which bank? Do they charge for ATM withdrawals? Do they charge a lot for international wire transfers? How has it been working with them from abroad? Do you use a special international wire transfer service? Do you use an online bank? If so, tell us about them.

Before retiring in Nicosia, expats should be aware of the cost of living, which is generally higher than in other parts of the country. Additionally, expats should research the local healthcare system and ensure they have adequate health insurance coverage. It is also important to familiarize oneself with the local culture and customs, as well as the language, as English is not widely spoken in Nicosia. Finally, expats should research the local tax laws and regulations to ensure they are compliant with all applicable laws.

GeoBlue
Get Quote

GeoBlue is a trusted leader in international health insurance. Wherever your destination, GeoBlue can keep you and your family covered with the right health insurance. Get a GeoBlue Quote Today!

GeoBlue

GeoBlue is a trusted leader in international health insurance. Wherever your destination, GeoBlue can keep you and your family covered with the right health insurance. Get a GeoBlue Quote Today!
Get Quote