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Famagusta, Cyprus 🇨🇾
#1757 ,

Nomad Score: 63%

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.

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