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Ayia Napa, Cyprus | Where should I setup a bank account in Ayia Napa? | Expat Exchange
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Where should I setup a bank account in Ayia Napa?

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

"Expats considering retirement in Ayia Napa should be aware of several key factors. Firstly, the cost of living in Ayia Napa is relatively low compared to many European countries, but it's still important to budget carefully. The local currency is the Euro, and while some places accept credit cards, cash is often preferred. The official languages are Greek and Turkish, but English is widely spoken, especially in tourist areas. However, learning some basic Greek phrases can be beneficial for daily life. The climate 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 important to note that Ayia Napa is a popular tourist destination, particularly for younger travelers, so it can get quite busy during the peak summer months. The Cypriot lifestyle is generally laid-back and relaxed, with a strong emphasis on family and socializing. The local cuisine is Mediterranean, with an emphasis on fresh, local ingredients. Expats should also be aware that Cyprus drives on the left-hand side of the road, which can take some getting used to for those from countries that drive on the right. In terms of residency, EU citizens can live in Cyprus without a visa, but non-EU citizens will need to apply for a residence permit. It's also worth noting that Cyprus has double taxation agreements with many countries, so it's important to understand the tax implications of retiring in Ayia Napa. Finally, Ayia Napa offers a range of leisure activities, from beautiful beaches to historical sites, so there's plenty to keep retirees occupied. However, it's also worth exploring the rest of the island, as each region has its own unique charm and attractions," said another expat in Ayia Napa, Cyprus.

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Where should I setup a bank account in Ayia Napa?

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