Housing
When transferring the electricity meter into a foreign tenant's name, the Electricity Authority of Cyprus (EAC) requires a refundable deposit between €350 and €500. It is refunded to your bank account upon lease termination.
How much deposit does the EAC electricity authority require from foreign residents?
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Related questions
Housing
Who is a Mukhtar and why do you certify your rental contract with them?
A Mukhtar is the local community leader who certifies signatures on rental agreements (typically €5–10) and issues proof-of-address letters required for immigration and banking.
Residency & Visas
How much income and bank balance are required for a Cyprus Visitor Permit (Pink Slip)?
You must prove an ongoing foreign income of at least €24,000/year (€2,000/month) for the main applicant (+20% spouse, +15% per child) remitted into a Cyprus bank. An additional balance of around €10,000 plus a €550 bank guarantee per person is standard.
Taxes
Which taxes are exempt for Non-Domicile tax residents in Cyprus?
Non-Dom residents are exempt from the Special Defence Contribution (SDC) for 17 years, resulting in 0% tax on worldwide dividends and 0% tax on passive interest. Employment salary remains subject to ordinary income tax.
Housing
How do you prevent winter humidity and mold in Cyprus homes?
Without central heating and with single-glazed windows, winter humidity often exceeds 75%. Use an electric dehumidifier, air out rooms twice daily, and run air conditioning on HEAT mode to maintain room temperature.
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