Emigrating to Cyprus – A conversation about opportunities, challenges and quality of life with Thomas Weyermann.
Thomas emigrated to Cyprus with his wife and 3 children almost 4 years ago. For 3.5 years he has been CEO of Mission Freedom Ltd. and co-founder of MFRadio.de, MFCyprus.de. He helps families and entrepreneurs from Germany, Austria and Switzerland immigrate to Cyprus and set up companies. From YelloSlip, setting up a company and finding the right property are part of his daily business and he has already accompanied countless people.
Here we publish the interview with Thomas for you verbatim:

Moderator Steffi: Today we are talking to Thomas, an experienced entrepreneur who emigrated to Cyprus with his family. Thomas, what made you and your family choose Cyprus as your new home?

Thomas: (laughs) Well, it was a combination of sun, sea and of course the attractive living conditions. But seriously: Cyprus not only offers a pleasant climate, but also tax advantages for entrepreneurs. The island has a stable economy, is an EU member and is perfectly connected. That and the current situation that was already taking place in Germany at the time due to the pandemic and politics, convinced us personally of this beautiful island.
We had a family council at the time and Cyprus was at the top of the list.

Steffi: Sounds like an exciting decision. Family council, that means your children also had a say in the decision and what challenges did you face when emigrating?

Thomas: Yes, it is very important that all family members agree with the decision. If someone is not happy with it, it often leads to discussions and differences and opinions differ. However, we have overcome this challenge very well together - my children, my wife and I are still happy here in Cyprus.

The biggest hurdle at the beginning was the bureaucracy in Greek. But with the right partners on site, this was no problem. We were lucky enough to find a lawyer we trusted, with whom we are still working happily today.

Establishing a Cyprus Ltd. was less complicated than expected. Everything could be organized remotely in advance. We only had to send our original signatures by courier. Everything was done within two weeks. We then opened the business account locally with the support of our lawyer.

Steffi: What is life like in Cyprus? What surprised you the most?

Thomas: The quality of life! Life is more relaxed here. We have found a great mix of Mediterranean lifestyle and European standards. The costs are manageable, but you have to be aware that the cost of living, rents, etc. have increased here too. Nevertheless: sun, beach and great people easily make up for it.

Steffi: Many people dream of owning a property by the sea. Is that easy to achieve?

Thomas: It's possible with the right equity, but it's not easy if you want to get this dream financed by a bank. Mortgage loans are difficult or almost impossible for foreigners to get here. We therefore decided to finance everything without a loan. It's important to plan for the additional costs - electricity, water and pool maintenance add up. But it's absolutely worth it.

Steffi: What about everyday life – school, doctors, care?

Thomas: We were pleasantly surprised. There are great international schools here. Our children go to an English-speaking private school - perfect for being globally connected. There are also German-speaking doctors in Limassol, Paphos and Polis and you can usually get an appointment straight away. You can buy groceries in large and small supermarkets, and Lidl is just as cheap or expensive here as it is in Germany.

Steffi: What advice would you give to someone who is considering emigrating to Cyprus?

Thomas: Planning is everything! You should do your research beforehand. For example, the actual length of stay is now more strictly controlled - the authorities take the 60-day rule and the 90-day rule after which you have to register seriously. I also recommend looking for long-term accommodation, as the authorities and banks only accept rental contracts of at least 12 months.

Steffi: Finally, what is the best thing about living in Cyprus for you?

Thomas: The freedom! Here you can get your business off the ground and enjoy life at the same time. Whether it's a beer on the beach for 3 euros or a family trip to the Troodos Mountains or a BUGGY/quad ride to the Akamas National Park - everything just feels right and free. For us it was the best decision of our lives.
The official languages in Cyprus are Greek and English, making it perfect for expats, entrepreneurs and digital nomads. Almost all of the island's 900,000 inhabitants speak English. You won't find such an advantage on Greek or Spanish islands. The wonderful weather, the turquoise and very clean sea, the wide range of culinary delights of all kinds and, above all, the warmth of the Cypriots convinced us. Cyprus is worth every trip and, above all, emigration!
Then I would like to mention that anyone who emigrates to Cyprus and establishes a limited company will receive many benefits with NONDOM status for 17 years:

Steffi: Thank you, Thomas, for this insight. I hope our listeners were able to take away many valuable tips. For everyone who wants to take the step to Cyprus: It's worth it - with the right preparation and with a good partner who takes you by the hand. MFradio.de and Thomas with his company Mission Freedom Ltd work with several licensed cooperation partners on the island.
As Thomas adds, our service for expats and company founders of Mission Freedom Ltd. is still free of charge, as Mission Freedom Ltd receives a consulting and marketing fee from its business and cooperation partners with no prospect of success.

Afterwards, Thomas provided us with an excerpt from the FAQ from Mission Freedom Ltd, the most important and frequently asked questions, for anyone interested to read:

Here is a small excerpt from the FAQ

FAQ Emigrating, Starting a Business and Living in Cyprus

1. Company formation in Cyprus

Process of establishing a Cyprus Ltd

Required documents:

Special features:

1.a) How much does the service from Mission Freedom Ltd. cost?
Our service is still FREE of charge, as our costs are billed by the service providers/cooperation partners, lawyers, etc. through advertising and marketing agreements.


2. Real estate and mortgages

3. Residence permit & NonDom status

4. Transport and moving

5. Living in Cyprus

Education:

Living costs:

Communication:

Leisure & everyday life:

Health

6. Transport and Mobility

7. Other questions

8. Services offered by our cooperation partners (lawyers/tax consultants)

>>>> Contact Company formation and immigration in Cyprus<<<<

Thomas Weyermann
WhatsApp: +357 999 45 749