Relocation to Cyprus
A guide to relocating to Cyprus: Non-Dom status, housing, education, healthcare and the Israeli community. Ocean supports you from the initial idea through settling in.
A guide to relocating to Cyprus: Non-Dom status, housing, education, healthcare and the Israeli community. Ocean supports you from the initial idea through settling in.
- CapitalNicosia
- Population~1.4 million
- LanguageGreek · Turkish · English widely spoken
- CurrencyEuro (€)
- Time zoneEET/EEST · same time as Israel for most of the year
- Flight from IsraelApproximately one hour by air
Why here and what to know
Visas and residency
Particularly accessible immigration and investment routes: Cyprus is a full EU member and offers regulated residency routes, including fast-track permanent residence through investment from €300,000 in new property, a digital nomad visa requiring monthly income from €3,500, and work visas in international companies (BCS).
Taxation
Non-Dom status and some of the world's most attractive tax incentives: Cypriot residents not native to the country benefit from Non-Dom status, providing full tax exemption on dividend and interest income for 17 years, no inheritance tax and a competitive 12.5% corporate tax rate.
Economy and cost of living
Affordable living costs with differences between cities: Cyprus's overall prices are lower than Israel's, especially for essentials, local services and leisure.
Housing
A dynamic housing market and varied property options: luxury towers and modern apartments in Limassol, alongside detached homes and spacious apartments in Larnaca and Paphos.
Education
One of the region's leading British international school networks: the island has many private English-language international schools following GCSE/A-Level curricula and supporting entry to leading universities worldwide.
Healthcare
An advanced national healthcare system alongside private medicine: Cypriot residents are entitled to join GeSY, providing broad, equitable coverage in public and private hospitals with low patient contributions.
Community and culture
A vibrant Israeli community and a welcoming multicultural environment: Cyprus hosts one of Europe's largest, most cohesive and active Israeli communities, with major centres in Limassol, Larnaca and Paphos.
Employment and business
An international centre for fintech, technology and finance: Cyprus has established itself as a regional hub for technology companies, hedge funds, gaming and fintech businesses.
Ocean's winning tip
If taxation is central to your decision, arrange international tax planning before moving to use Non-Dom status correctly. Ocean connects you with a tax adviser and Journey Manager who get it right from day one.
Plan your move to CyprusThe Ocean Knowledge Center
Expert guidance, practical tools and answers for better decisions throughout your journey.
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