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Essentials

πŸ™οΈ City Nicosia is the largest city and the capital of Cyprus, located at the intersection of Europe and Asia.
πŸ‘₯ Population Approximately 200,000
πŸ’» Internet Speed Average internet speed is around 50-100 Mbps
πŸ’Έ Currency & Banking 1 EUR β‰ˆ 1.07 USD; Major banks include Bank of Cyprus and Hellenic Bank.
🚰 Tap Water Drinkable; Cyprus has high-quality tap water.
πŸ”Œ Power 230V, 50Hz; Uses Type G sockets.
πŸ“Ά SIM Card Providers include Cyta, PrimeTel, and MTN.
πŸ’³ Banking for Expats Revolut, TransferWise are popular. Local banks like Bank of Cyprus are also widely used.
πŸ›Œ Accommodation Airbnb and local real estate websites such as Bazaraki.com offer various options.
πŸ’³ Cashless Friendly Yes, major credit and debit cards accepted widely.
🏠 Short Term Rentals Airbnb and local platforms provide a wide selection of short-term housing.
πŸ›οΈ Budget Accommodation Hostel 'The House of Calm' offers dorms starting at €15 per night.
πŸ™οΈ Best Area to Stay for Tourists The Old City area offers historical sites and vibrant local life.
πŸ™οΈ Best Area to Stay for Digital Nomads The City Center, especially around Ledra Street, is popular for its cafes and coworking spaces.

Working and Networking

🏒 Best Coworking Space The Office is a popular coworking spot located in the city center.
β˜• Best Cafe for Work Ghetto Cafe offers a lively atmosphere with good coffee and Wi-Fi.
πŸ’Ό Networking Events Meetups and digital nomad gatherings regularly occur, often advertised through Facebook groups.
πŸ₯‚ Social Events for Expats The Nicosia Meetup group hosts various social and networking events.

Transportation

πŸš• Best Taxi/Ride App Bolt is widely used for ride-hailing in Nicosia.
🚲 Bike/Scooter Rental Electric bike rentals can be found at various points in the city.
πŸ–οΈ Best Beach Nearby Fig Tree Bay is about 45 minutes away by car.
✈️ Top Regional Airline Cyprus Airways is the major regional carrier.
✈️ Top International Airline British Airways, Aegean Airlines are prominent international options.
πŸ›£οΈ Highway Access Main road connections include the A1 highway leading to Limassol and Larnaca.
πŸš‰ Main Train/Transit Hub Nicosia does not have a train station but bus connections are available.
🚍 Public Transport Passes Cycladic passes for unlimited bus rides can be purchased for €5 per day.
✈️ Regional Travel Buses connect to nearby cities like Larnaca and Limassol regularly.

Health and Wellness

πŸ₯ Best Hospital Nicosia General Hospital is the primary public healthcare facility.
🧘 Yoga & Wellness Centers Yoga in Action offers a variety of classes for all levels.
πŸ‹οΈ Gyms & Fitness Centers The Club is a popular fitness center featuring modern equipment.
🧺 Laundry Services Laundry Time offers affordable laundry services throughout the city.

Food and Drink

πŸ“± Best Food Delivery App Wolt is popular for food delivery in Nicosia.
🍽️ Best Local Dish to Try Souvla, a local grilled meat dish, is a must-try.
🍱 Vegan/Vegetarian Options Veganaya offers a variety of plant-based meals.
🍫 Best Dessert Spots Bakeries like 'Pavlides' offer traditional Cypriot sweets.
πŸ›’ Affordable Shopping Spots Ochi Market offers affordable fresh produce and local goods.
πŸ›’ E-commerce/Online Store Zalando and Amazon provide online shopping options.
πŸ›’ Grocery Delivery Supermarket chains like Alfa Mega offer online shopping and delivery.
🍸 Bar/Nightlife Area The old town features numerous bars and a vibrant nightlife.
🍻 Local Brewery Cyprus Brewing Company offers local craft beers.
🍷 Wine Bars The Wine Village specializes in local wines and tastings.
🍲 Street Food Stalls Local markets host various stalls offering traditional street food.
πŸ• Popular International Cuisine La Maison offers excellent French cuisine.

Culture and Attractions

🎟️ Must-See Landmarks The Selimiye Mosque is an iconic landmark in the city.
πŸ›οΈ Museums & Art Venues The Cyprus Museum showcases ancient artifacts.
🏰 Historical Sites The Venetian Walls are a historical attraction worth visiting.
πŸ• Religious Sites The Church of St. John is a beautiful site to explore.
πŸŽ‰ Annual Events The Nicosia Wine Festival takes place every September.
🎨 Cultural Districts The Old City has a rich cultural heritage and various local crafts.
🎭 Theater Venues Theatro Skala hosts various performances and events.
πŸ›οΈ Local Markets Ledra Street markets offer a variety of handmade crafts.
🎼 Music Scene Jazz and traditional music can be heard at venues throughout the city.
🎨 Street Art Various murals are painted in the central areas around the Old City.
πŸ§‘β€πŸ³ Cooking Classes Cyprus Kitchen offers culinary classes focusing on local cuisine.
πŸ‘©β€πŸŽ¨ Art Galleries Diarios Gallery features contemporary Cypriot artists.
πŸ•°οΈ Historic Buildings The BΓΌyΓΌk Han is a historical caravanserai with art shops.
🏴 Local Heritage Cypriot culture is influenced by Greek, Turkish, and British traditions.

Nature and Outdoor Activities

πŸŒ… Nearby Nature Escapes The Troodos Mountains are great for hiking and are about an hour's drive.
🏞️ National Parks Nearby Akamas National Park is a perfect spot for nature lovers, about 1.5 hours drive.
🚲 Cycling/Walking Paths The Green Line offers beautiful walking routes through the city.
πŸŒ„ Scenic Viewpoints The top of the Venetian Walls offers great panoramic views.
πŸ¦‰ Birdwatching Locations The Larnaca Salt Lake is famous for its flamingos in the winter.
πŸ”₯ Bonfire-Friendly Spots Designated picnic areas in the Troodos National Forest.

Other Services and Amenities

πŸ“¦ Parcel Delivery Service DHL and Cyprus Post provide reliable delivery services.
πŸ› οΈ Tech Repair Services Various local shops like TechFix offer electronic repairs.
πŸ“ Table Tennis Spots The Nicosia Table Tennis Club welcomes newcomers.
πŸ§‘β€πŸ« Language Classes Local center 'Cultural Dialogues' offers Greek and Turkish language courses.
πŸ“š Libraries & Study Spots The Cyprus Library is an excellent place for studying and research.
🏘️ Community Centers The Community Centre of Nicosia offers diverse cultural activities.
πŸ•ΉοΈ Gaming Lounges Gamer's Hub offers a space for consoles and PC gaming.
🎰 Casino & Gaming Halls City of Dreams Mediterranean, the largest in Europe, offers various gaming options.

Business

🏒 Studio Purchase Price (City Center) Approx. €1,750 per mΒ² (e.g., 40 mΒ² = €70,000)
🏒 Studio Purchase Price (Outside City) Approx. €1,400 per mΒ² (e.g., 40 mΒ² = €56,000)
🏠 1-Bedroom Purchase Price (City Center) Approx. €2,200 per mΒ² (e.g., 60 mΒ² = €132,000)
🏠 1-Bedroom Purchase Price (Outside City) Approx. €1,700 per mΒ² (e.g., 60 mΒ² = €102,000)
🏑 2-Bedroom Purchase Price (City Center) Approx. €2,500 per mΒ² (e.g., 80 mΒ² = €200,000)
🏑 2-Bedroom Purchase Price (Outside City) Approx. €2,000 per mΒ² (e.g., 80 mΒ² = €160,000)
πŸ’Ό Corporate Tax 12.5%
πŸ’΅ Dividend Withholding Tax 17%
🏦 Tax System Residents taxed on worldwide income.
πŸ“ˆ Highest Income Tax Bracket 35%
🧾 VAT 19%
🌐 Controlled Foreign Company (CFC) Rules Yes, strict rules apply.
🏠 Property Tax Yes, based on property value.
🏠 Property Transaction Tax About 6% standard rate.
πŸ’» Attractive Tax System for Digital Nomads No wealth tax, relatively low corporate taxes available for startups.

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