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Essentials

πŸ™οΈ City Protaras is a resort town located on the eastern coast of Cyprus, known for its beautiful beaches and vibrant nightlife.
πŸ‘₯ Population Approximate population is around 5,000 residents.
πŸ’» Internet Speed Average internet speed is around 50 Mbps.
πŸ’Έ Currency & Banking Currency is Euro (EUR). 1 EUR β‰ˆ 1.07 USD.
🚰 Tap Water Tap water is generally safe to drink, but bottled water is recommended.
πŸ”Œ Power Electricity supply is 240V, 50Hz, with Type G sockets.
πŸ“Ά SIM Card Major mobile providers are Cyta, MTN, and PrimeTel.
πŸ’³ Banking for Expats Revolut and local banks such as Hellenic Bank are widely accepted.
πŸ›Œ Accommodation Various options include hotels, rental apartments, and Airbnb accommodations.
πŸ’³ Cashless Friendly Yes, cashless payments via credit/debit cards are widely accepted.
🏠 Short Term Rentals Airbnb and local rental agencies offer numerous short-term rental options.
πŸ›οΈ Budget Accommodation Hostel options include Protaras Holiday Villa and local guesthouses.
πŸ™οΈ Best Area to Stay for Tourists Protaras Main Strip, known for its restaurants and beach access.
πŸ™οΈ Best Area to Stay for Digital Nomads The area around Fig Tree Bay offers a combination of leisure and work-friendly environments.

Working and Networking

🏒 Best Coworking Space The Nest Coworking Space located in nearby Larnaca.
β˜• Best Cafe for Work Les Amis Cafe offers good coffee and a comfortable environment for working.
πŸ’Ό Networking Events Local expat meetups often held at CafΓ© Nero.
πŸ₯‚ Social Events for Expats Facebook groups like 'Expats in Cyprus' host regular events.

Transportation

πŸš• Best Taxi/Ride App Bolt is highly recommended for convenient rides.
🚲 Bike/Scooter Rental Local shops offer scooter and bike rentals along the beach strip.
πŸ–οΈ Best Beach Nearby Fig Tree Bay is rated as the best beach, famous for its crystal-clear waters.
✈️ Top Regional Airline Cyprus Airways serves various regional destinations.
✈️ Top International Airline British Airways and Lufthansa operate flights to main European hubs.
πŸ›£οΈ Highway Access The A3 highway provides easy access to Larnaca and Ayia Napa.
πŸš‰ Main Train/Transit Hub Protaras does not have a train station; buses connect to nearby areas.
🚍 Public Transport Passes Bus passes can be purchased for local travel.
✈️ Regional Travel Buses connect Protaras to major cities like Larnaca and Famagusta.

Health and Wellness

πŸ₯ Best Hospital Gesy Hospital in Paralimni is the main healthcare facility.
🧘 Yoga & Wellness Centers Sunset Yoga Centre offers classes overlooking the beach.
πŸ‹οΈ Gyms & Fitness Centers The Protaras Fitness Club provides a full range of gym facilities.
🧺 Laundry Services Several laundromats are available along the main road.

Food and Drink

πŸ“± Best Food Delivery App Wolt and Getir are popular for food delivery.
🍽️ Best Local Dish to Try Souvlaki and Halloumi Cheese are must-try local dishes.
🍱 Vegan/Vegetarian Options Rainforest Cafe offers a variety of plant-based options.
🍫 Best Dessert Spots The Ice Cream Shoppe is known for its delicious gelato.
πŸ›’ Affordable Shopping Spots Protaras Market offers local produce and goods at good prices.
πŸ›’ E-commerce/Online Store Mango and Zara for clothing, plus Amazon for various goods.
πŸ›’ Grocery Delivery Supermarket delivery is available via local stores like Lidl.
🍸 Bar/Nightlife Area The Strip in Protaras is lined with vibrant bars and clubs.
🍻 Local Brewery Local brewery Colonel’s produces craft beers.
🍷 Wine Bars Wine Bar Kyperounda offers a selection of local Cypriot wines.
🍲 Street Food Stalls Street vendors at Fig Tree Bay for quick bites.
πŸ• Popular International Cuisine Maharaja serves excellent Indian cuisine and is very popular.

Culture and Attractions

🎟️ Must-See Landmarks Cape Greco National Forest Park is a stunning natural attraction.
πŸ›οΈ Museums & Art Venues The Thalassa Municipal Museum highlights maritime history.
🏰 Historical Sites The Ayii Anargyri Church shows impressive architecture.
πŸ• Religious Sites The Church of Profitis Elias offers scenic views.
πŸŽ‰ Annual Events The Protaras Festival takes place every August celebrating local culture.
🎨 Cultural Districts The Old Town of Paralimni has charming local shops and restaurants.
🎭 Theater Venues Small theaters host local performances and events.
πŸ›οΈ Local Markets Protaras Market for local handicrafts and souvenirs.
🎼 Music Scene Bars along the Strip host live music events throughout summer.
🎨 Street Art Murals are found scattered in local neighborhoods.
πŸ§‘β€πŸ³ Cooking Classes Cyprus Culinary Experiences offers hands-on classes.
πŸ‘©β€πŸŽ¨ Art Galleries The Golden Coast Art Gallery showcases local artists.
πŸ•°οΈ Historic Buildings The Residences of the Kolokotronis family.
🏴 Local Heritage The Phoenician heritage can be seen in architecture and traditions.

Nature and Outdoor Activities

πŸŒ… Nearby Nature Escapes Cape Greco offers stunning coastal views and hiking opportunities.
🏞️ National Parks Nearby Kykkos Monastery and the Troodos Mountains National Park are accessible.
🚲 Cycling/Walking Paths Coastal paths stretching from Protaras to Ayia Napa.
πŸŒ„ Scenic Viewpoints The lookout at Cape Greco offers breathtaking sunset views.
πŸ¦‰ Birdwatching Locations Cape Greco is also known for diverse bird species during migration.
πŸ”₯ Bonfire-Friendly Spots Designated beach areas at Fig Tree Bay for evening gatherings.

Other Services and Amenities

πŸ“¦ Parcel Delivery Service DHL and local courier services operate in the area.
πŸ› οΈ Tech Repair Services Protaras Tech Repair offers electronics repair services.
πŸ“ Table Tennis Spots Local parks have tables for public use.
πŸ§‘β€πŸ« Language Classes Language school in Paralimni offers Greek and English classes.
πŸ“š Libraries & Study Spots The Municipal library in Paralimni for quiet study space.
🏘️ Community Centers Local cultural center hosts various community activities.
πŸ•ΉοΈ Gaming Lounges Internet cafes available along the main tourist strip.
🎰 Casino & Gaming Halls Cyprus Casinos in Limassol is popular among tourists.

Business

🏒 Studio Purchase Price (City Center) Approx. €2,500 per mΒ² (e.g., 40 mΒ² = €100,000).
🏒 Studio Purchase Price (Outside City) Approx. €2,000 per mΒ² (e.g., 40 mΒ² = €80,000).
🏠 1-Bedroom Purchase Price (City Center) Approx. €3,200 per mΒ² (e.g., 60 mΒ² = €192,000).
🏠 1-Bedroom Purchase Price (Outside City) Approx. €2,500 per mΒ² (e.g., 60 mΒ² = €150,000).
🏑 2-Bedroom Purchase Price (City Center) Approx. €2,800 per mΒ² (e.g., 80 mΒ² = €224,000).
🏑 2-Bedroom Purchase Price (Outside City) Approx. €2,200 per mΒ² (e.g., 80 mΒ² = €176,000).
πŸ’Ό Corporate Tax Corporate tax rate is 12.5%.
πŸ’΅ Dividend Withholding Tax Dividend withholding tax is 17%.
🏦 Tax System Cyprus operates a progressive tax system for residents.
πŸ“ˆ Highest Income Tax Bracket Maximum personal income tax rate is 35%.
🧾 VAT The standard Value Added Tax rate is 19%.
🌐 Controlled Foreign Company (CFC) Rules Yes, CFC rules apply with strict guidelines.
🏠 Property Tax Based on property value, with relief for primary residences.
🏠 Property Transaction Tax Tax applied during property purchases is 3% up to €85,000.
πŸ’» Attractive Tax System for Digital Nomads 0% tax rate on foreign income for non-residents.

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