Where should I setup a bank account in Paralimni?

We asked expats in Paralimni what banks they use and there advice about banking. They advised...

"Expats considering retirement in Paralimni should be aware of several key factors. Firstly, the cost of living in Paralimni is relatively low compared to other European countries, making it an attractive option for retirees. However, it's important to have a clear understanding of your financial situation and budget before making the move. The official languages in Cyprus are Greek and Turkish, but English is widely spoken due to the country's history as a British colony. Nevertheless, learning some basic Greek phrases can be beneficial and appreciated by locals. Healthcare in Cyprus is of a high standard, with both public and private options available. Expats should ensure they have adequate health insurance coverage, as free healthcare is not available to non-residents. The climate in Paralimni is Mediterranean, with hot summers and mild winters. This can be a draw for many retirees, but it's important to consider your own comfort and health in relation to the climate. Paralimni is known for its relaxed pace of life, which can be a major draw for retirees. However, it's also important to consider your own lifestyle preferences and whether you would enjoy this slower pace. The process of buying property in Cyprus is relatively straightforward, but it's recommended to hire a lawyer to help navigate the process. Renting is also a popular option, particularly for those who are unsure about committing to a permanent move. Cyprus has a residency program for retirees known as the "Pink Slip" which allows non-EU citizens to live in the country long-term. However, this requires proof of sufficient income and does not grant the right to work. Finally, it's important to consider the cultural differences and potential for culture shock. While Cyprus is a popular destination for expats, it's still important to respect local customs and traditions," said a member in Paralimni, Cyprus.

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Avertiss is a professional brokerage firm that offers services in real estate and its related fields. We represent buyers and sellers in both the northern and southern parts of the island of Cyprus. Our brokerage consists of highly experienced professionals specializing in real estate investment, lifestyle, legal services, and valuation advisory.

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