Where should I setup a bank account in Paphos?

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

"Expats considering retirement in Paphos should be aware that the cost of living is generally lower than in many European countries, but it's still important to budget carefully. The official language is Greek, but English is widely spoken, especially in tourist areas and by younger generations. The healthcare system in Cyprus is of a high standard, with both public and private healthcare available, but it's recommended to have comprehensive health insurance. Paphos has a Mediterranean climate with hot summers and mild winters, which can be a significant change for those from cooler climates. The city is known for its relaxed lifestyle, beautiful beaches, and historical sites, offering plenty of activities for retirees. Cyprus has a double taxation treaty with many countries, which means you won't pay tax in two countries on the same income. However, it's important to understand the local tax laws and consider consulting with a financial advisor. The property market in Paphos is diverse, with options ranging from apartments to villas, and property prices are generally lower than in other European retirement destinations. However, it's crucial to understand the property laws and consider hiring a local real estate agent. Cyprus is part of the European Union, so EU citizens can move there easily, but non-EU citizens may need to apply for a visa or residence permit. The crime rate in Paphos is relatively low compared to other cities, but like anywhere, it's important to take basic safety precautions. Finally, while Paphos is a popular destination for expats, it's still important to learn about the local culture and customs to integrate into the community," explained one expat living in Paphos, 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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