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Guide
Essentials
🏙️ City | Famagusta is a coastal city located in the eastern part of Cyprus, known for its rich history and beautiful beaches. |
👥 Population | Approximately 50,000 residents. |
💻 Internet Speed | Average internet speed is around 50 Mbps. |
💸 Currency & Banking | 1 EUR ≈ 1.07 USD. ATMs are widely available, and most banks accept major credit cards. |
🚰 Tap Water | Drinkable, but bottled water is recommended due to varying quality. |
🔌 Power | 230V, 50Hz, 🔌 Type G sockets are used. |
📶 SIM Card | Major providers include Cyta, MTN, and Primetel, offering good coverage. |
💳 Banking for Expats | Popular options include Hellenic Bank and Bank of Cyprus, as well as digital solutions like Revolut. |
🛌 Accommodation | Options include hotels, guesthouses, and serviced apartments; Airbnb is popular among digital nomads. |
💳 Cashless Friendly | Yes, cashless payments are widely accepted. |
🏠 Short Term Rentals | Available through platforms like Airbnb and Booking.com. |
🛏️ Budget Accommodation | Hostels such as The Youth Hostel and budget hotels like Salamis Bay Conti. |
🏙️ Best Area to Stay for Tourists | The Old Town and Varosha area are popular for their historical sites. |
🏙️ Best Area to Stay for Digital Nomads | The city center and near the beach are recommended for better amenities and workspaces. |
Working and Networking
🏢 Best Coworking Space | The Greenhouse offers a vibrant workspace with good facilities. |
☕ Best Cafe for Work | Café Citan is well-known for its friendly atmosphere and reliable Wi-Fi. |
💼 Networking Events | Informal meetups happen regularly at local cafes; check expat Facebook groups for announcements. |
🥂 Social Events for Expats | Regular gatherings hosted by the Famagusta Expat Community Group. |
Transportation
🚕 Best Taxi/Ride App | Bolt is widely used for reliable rides. |
🚲 Bike/Scooter Rental | Scooter rentals are available through local shops and online platforms. |
🏖️ Best Beach Nearby | Fig Tree Bay, known for its crystal clear waters and great beach facilities. |
✈️ Top Regional Airline | Cyprus Airways operates several regional flights. |
✈️ Top International Airline | Turkish Airlines and Lufthansa connect Famagusta to major cities. |
🛣️ Highway Access | The A1 highway connects Famagusta to the rest of Cyprus. |
🚉 Main Train/Transit Hub | Famagusta has a bus station; there is no train service. |
🚍 Public Transport Passes | Buses are affordable; no formal pass system is available. |
✈️ Regional Travel | Buses connect Famagusta with major cities like Nicosia and Limassol. |
Health and Wellness
🏥 Best Hospital | Famagusta State Hospital is the main healthcare facility. |
🧘 Yoga & Wellness Centers | Multiple studios are available, like Yogi's Corner. |
🏋️ Gyms & Fitness Centers | Planet Fitness located in the city center is popular among locals. |
🧺 Laundry Services | Self-service laundromats and cleaning services such as Wash & Dry are available. |
Food and Drink
📱 Best Food Delivery App | Deliveroo operates in Famagusta, offering a variety of cuisine options. |
🍽️ Best Local Dish to Try | Souvlaki is a must-try local dish, especially from local tavernas. |
🍱 Vegan/Vegetarian Options | Check out Green Plate for delicious vegetarian options. |
🍫 Best Dessert Spots | Sweets Corner serves traditional Cypriot desserts. |
🛒 Affordable Shopping Spots | Local markets like the Famagusta Bazaar offer affordable fresh produce. |
🛒 E-commerce/Online Store | Local platforms like eBay and international sites like Amazon ship to Famagusta. |
🛒 Grocery Delivery | Many local supermarkets offer delivery services. |
🍸 Bar/Nightlife Area | The waterfront area is known for its vibrant nightlife. |
🍻 Local Brewery | Famagusta Brewery offers tours and tastings. |
🍷 Wine Bars | Local wine bars such as The Grape Escape have an excellent selection. |
🍲 Street Food Stalls | Street vendors at the Old Town serve delicious snacks and local eats. |
🍕 Popular International Cuisine | Restaurants like Pizza Hut and McDonald's are available, alongside local favorites. |
Culture and Attractions
🎟️ Must-See Landmarks | The historical Othello Castle and the ancient city of Salamis. |
🏛️ Museums & Art Venues | The Famagusta Museum showcases local history and artifacts. |
🏰 Historical Sites | The ruins of Salamis and the city walls of Famagusta are significant. |
🕍 Religious Sites | St. Nicholas Cathedral is a prominent landmark. |
🎉 Annual Events | Culture Festival in September celebrates local heritage. |
🎨 Cultural Districts | The Old Town is vibrant with culture, history, and street art. |
🎭 Theater Venues | The Municipal Theater hosts various performances throughout the year. |
🛍️ Local Markets | The bustling Famagusta Market is a great spot for local goods. |
🎼 Music Scene | Local bars often host live music evenings. |
🎨 Street Art | Numerous artworks can be found spread across the Old Town. |
🧑🍳 Cooking Classes | Local cooking schools offer courses in traditional Cypriot cuisine. |
👩🎨 Art Galleries | Contemporary art is featured in spaces like the Gallery in the Old Town. |
🕰️ Historic Buildings | Visit the Venetian Column in the town center. |
🏴 Local Heritage | The city's history reflects a blend of various cultures. |
Nature and Outdoor Activities
🌅 Nearby Nature Escapes | Karpaz Peninsula offers stunning scenic views and natural landscapes. |
🏞️ National Parks Nearby | Nearby parks include the Karpaz National Park. |
🚲 Cycling/Walking Paths | The coast has numerous walking and cycling trails. |
🌄 Scenic Viewpoints | The viewpoint at Cape Greco is exceptional for sunsets. |
🦉 Birdwatching Locations | Karpaz is known for its migratory bird populations. |
🔥 Bonfire-Friendly Spots | Designated picnic areas along the coast allow for bonfires. |
Other Services and Amenities
📦 Parcel Delivery Service | DHL and local courier services are available. |
🛠️ Tech Repair Services | Local shops offer computer and phone repair services. |
🏓 Table Tennis Spots | Community centers often have table tennis setups. |
🧑🏫 Language Classes | Language schools offer classes in Greek and English. |
📚 Libraries & Study Spots | The public library is a quiet place for reading and studying. |
🏘️ Community Centers | Local community centers offer cultural programs and workshops. |
🕹️ Gaming Lounges | Some cafes cater to gamers with consoles available. |
🎰 Casino & Gaming Halls | The local casino offers a variety of gaming options. |
Business
🏢 Studio Purchase Price (City Center) | Approx. €2,500 per m² (e.g., 40 m² = €100,000) |
🏢 Studio Purchase Price (Outside City) | Approx. €2,000 per m² (e.g., 40 m² = €80,000) |
🏠 1-Bedroom Purchase Price (City Center) | Approx. €2,800 per m² (e.g., 60 m² = €168,000) |
🏠 1-Bedroom Purchase Price (Outside City) | Approx. €2,300 per m² (e.g., 60 m² = €138,000) |
🏡 2-Bedroom Purchase Price (City Center) | Approx. €3,000 per m² (e.g., 80 m² = €240,000) |
🏡 2-Bedroom Purchase Price (Outside City) | Approx. €2,400 per m² (e.g., 80 m² = €192,000) |
💼 Corporate Tax | 12.5% |
💵 Dividend Withholding Tax | 17% |
🏦 Tax System | Residents are taxed on their Cypriot income only. |
📈 Highest Income Tax Bracket | 35% for income over €60,000. |
🧾 VAT | 19% standard VAT rate. |
🌐 Controlled Foreign Company (CFC) Rules | Yes, there are regulations governing foreign entities. |
🏠 Property Tax | Annual property tax is based on the value of the property. |
🏠 Property Transaction Tax | 5% for properties up to €85,000, then tiered rates apply. |
💻 Attractive Tax System for Digital Nomads | Residency can be granted with zero tax on foreign income up to €19,500. |