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Monthly Archives: October 2012

Permanant Residency in Cyprus non EU Citizens

Permanant Residency in Cyprus non EU Citizens updated information for clients;

Permanant Residency in Cyprus non EU Citizens updated information for clients wanting to gain residency in Cyprus and travel within the European Union;

  • How much time will take for the permanent residency?  
  • The Permanent Residency process has been simplified. It now takes between 45-60 days.
  • Is permanent residency valid also in other European Countries?
  • Having the PR for Cyprus, makes it easy to travel anywhere in the EU. There is a certain process for that.  Everything can be explained if you contact and meet with us.
  • Is it possible to obtain a housing loan?
  • Due to the overall Euro crisis, getting a loan is not easy. However we promise to do our best if the client can pay 50% of the value of the property.
  • Can my family stay in Cyprus without me?
  • Yes they can. (Depends on age of the children)

Enjoy Permanent Residency in an EU country when you buy your dream home in Cyprus. Fulfilling your dream of an EU lifestyle has just been made possible by the Cyprus Government, which has recently announced that non-EU citizens making a minimum investment of € 300,000  buying property in Cyprus on the island, subject to certain requirements, will be granted permanent residency through a special immigration visa. Quite simply, this means you will be able to enjoy the same advantages as everyone else in Cyprus without having to apply for any permits or renewals.

Cyprus is already renowned as the perfect place to live with its almost year-round sunshine, a relaxed, stress-free lifestyle and a very low crime rate. Cyprus offers an ideal family environment, with your children able to benefit from excellent schools and universities, while healthcare and infrastructure are all state-of-the-art. The island also enjoys a favourable reputation as in International business centre & gateway to the EU. Many international companies operate offices in Cyprus. Opening a company couldn’t be easier with low personal & business taxation plus the added benefit of tax treaties with numerous other countries.

More information below, use the link;

Permanant Residency in Cyprus non EU Citizens




Euro exchange rate

Fed stimulus aids the euro, but spain limits gains

Euro exchange rate Fed stimulus aids the euro, but spain limits gains;


Peter Lavelle

Welcome to the Pure FX account of this month’s changes in the euro exchange rate.

This is intended as a brief guide to movements in the euro, to put you in the best position for when you exchange currencies for your Cyprus property.

Euro Exchange rate changes:

Pound to euro exchange rate (GBPEUR)

1.2598 on August 29th 2012

1.2559 on October 1st 2012

-0.31% change.

September was a month of two halves for the pound-to-euro exchange rate. The Federal Reserve announcement of quantitative easing 3 first lifted the common currency against sterling, before trouble in Spain brought the euro back down to earth.

Hence, though the euro may have come out 0.31% ahead against the pound across September as a whole, it’s easy to imagine the pound making up those losses and more in October. That of course would be beneficial if you plan to buy property in Cyprus.

What affected the euro in September

The biggest influence on the exchange rates last month was the US Federal Reserve’s announcement of QE3.

Announced on the 13th September by Fed chairman Ben Bernanke, this is intended to kick-start the US economy and reduce unemployment. Crucially, unlike the previous two rounds of QE since the financial crash, this one will be unlimited, with the Fed purchasing $40bn in mortgage-backed securities each month until the economy recovers.

However, though the unveiling of QE3 may have left the markets jubilant, it also signalled the end of the euro’s six-week ascendance against the pound, because it gave investors very little else to look forward to. Hence, Spain and its problems dominated our attentions throughout the last fortnight of September.

Perhaps the most pressing problem for Spain comes from Catalonia. Last week, Catalan president Artur Mas announced an early election in the region, as a proxy to decide whether it should seek independence. This follows weeks of discontentment, stemming from what Catalans feel is a lack of self-governance.

What’s going to happen next to the euro exchange rate

As I mention, there’s very little on the horizon that could give the euro the same lift as QE3. Spain’s problems for instance look set to fester, as Catalonia’s fate hangs in the balance until November 24th, when it holds its election. And even then, just because it’s held the vote, doesn’t signal its constitutional haggling will be at an end.

Given that, it’s easy to see the pound gaining this month, as the UK’s comparatively stronger position attracts investors. (The latest data suggests the UK would have left recession between April and June, if not for the Jubilee bank holiday, for instance.) That would of course benefit you if you plan to relocate to Cyprus.

Get in touch

I do hope you’ve enjoyed reading this post.

If you’d like to find out how what I’ve talked about here affects your money transfers, call us at Pure FX on +44 (0) 1494 671800 or email enquiries(@) We’d be delighted to help with your enquiry.

Euro exchange rate Fed stimulus aids the euro, but spain limits gains

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First, each member of our team originates from the UK so there are no communication barriers.

Second, each of us has bought property in Cyprus and understands the the processes from first-hand experience. This has enabled us to help many other people buy property in Cyprus with confidence.



The help we received in Cyprus from your colleagues in Larnaca was superb.Sharon whom we dealt with is asset to your company. She was helpful and not pushy she seemed more like a friend and anything we needed to ask she had the answers


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