Where should I setup a bank account in Protaras?

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

"Expats considering retirement in Protaras, should be aware of several key factors. Firstly, Cyprus has a relatively low cost of living compared to many European countries, making it an attractive option for retirees. The country uses the Euro, so it's important to consider exchange rates and banking options. The official languages are Greek and Turkish, but English is widely spoken, especially in tourist areas like Protaras. However, learning some basic Greek phrases could be beneficial. The climate in Protaras is Mediterranean, with hot summers and mild winters, which can be a significant draw for those from colder climates. Healthcare in Cyprus is of a high standard, with both public and private options available. Expats should ensure they have adequate health insurance coverage. It's also worth noting that Cyprus drives on the left-hand side of the road, which may require some adjustment for those from countries that drive on the right. Cyprus has a residency program for retirees who can prove they have sufficient income to support themselves without working. This involves applying for a Category F Immigration Permit. Property in Protaras can be more expensive than in other parts of Cyprus due to its popularity as a tourist destination. However, it's still generally cheaper than in many parts of Europe. It's advisable to rent before buying to get a feel for the area and the property market. Cyprus has a rich history and culture, and expats are encouraged to learn about and respect local customs and traditions. The pace of life in Protaras is generally relaxed, which can be a significant change for those used to a fast-paced city lifestyle. Finally, it's important to consider the potential impact of Brexit for British retirees, as this may affect residency rights, healthcare entitlements, and other factors. Legal advice should be sought if necessary," explained one expat living in Protaras, 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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