This calculation example was calculated using exactly paid fees
of a sole proprietorship in Germany.
Of course, the savings will vary depending on profit and sales as well as the type of business. But the fact is that at some point, with your own business, you will come to that very point where you ask yourself what all you could have bought with €70,514. Two cars, a major investment in your business to grow further?
So if you spend three years in Cyprus, and the profit remains at around €200,000 as in the example above, you could buy a family home in Germany, or wherever, from the tax savings alone.
Based on the non-dom status in Cyprus, these savings are possible!
Cyprus is considered a tax haven in Europe, especially for entrepreneurs, with numerous advantages But is it worth emigrating to Cyprus? What can emigrants expect after emigrating to Cyprus?
We clarify this in our big Germany vs. Cyprus comparison. How do both countries fare on the basis of numerous facts? What are the advantages and disadvantages of emigrating to Cyprus?
As a member, you will receive valuable expertise on every single point in the portal.
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| Compare | Germany | Cyprus |
|---|---|---|
| Rental and purchase prices | ||
| Quality of construction / insulation | ||
| Electricity costs | ||
| Gas and oil costs | ||
| Internet, electricity and mobile prices | ||
| Car prices (buying a car in Cyprus) | ||
| Car repair costs | ||
| Driving license costs | ||
| All insurance costs | ||
| Bank charges | ||
| Loans (interest) | ||
| Tax consultant fees | ||
| Company formation fees (GmbH / LTD) | ||
| Sales tax refund (promptness) | ||
| Trade tax | ||
| Profit taxation (GmbH / LTD) | ||
| Regional, fresh products | ||
| Variety of organic products | ||
| Food prices | ||
| Prices for craftsmen, plumbers, gardeners | ||
| Drinking water quality | ||
| Water costs | ||
| Quality of craftsmen, plumbers, etc. | ||
| Speed of service providers (deadlines) | ||
| Cost of dentures, fillings, treatment | ||
| Costs for medical treatment (private) | ||
| Appointment doctor talk | ||
| Quality medical care | ||
| Coverage special clinics | ||
| Costs health insurance / social ins. | ||
| Salaries in general | ||
| Vacation days and working days | ||
| Quality kindergarten | ||
| Quality & Offer Schools | ||
| Offer (international) private schools | ||
| Nature diversity in the immediate vicinity | ||
| Leisure activities in general | ||
| Security (burglary, crime) | ||
| Looseness acc. penalties & fines | ||
| Amount of fines | ||
| Emergence speed cameras, traffic controls | ||
| Police response and assistance | ||
| Response time patient transport | ||
| Variety of restaurants and cuisine types | ||
| Quality delivery services and restaurants | ||
| Variety & Prices Furniture & Furnishing Stores | ||
| Shipping costs, shipping times packages | ||
| Weather (sun, constancy, severe weather) | ||
| Local transport, air connections | ||
| Warmth & openness of the people |
In fact, in our raking, Germany wins quite narrowly with a little more green thumb in the overall score, but as already said, this is an absolutely personal assessment and difficult to compare everything with each other. Every person is different, and so individual points are of different value to everyone. However, it should help you to assess the true facts about both countries from years of experience and personal assessment. For some people the weather, the warmth and the nature is more important than a very good infrastructure or cheap food prices - you have to decide that yourself! We hope that we could help you with this rather large and general comparison! If you are interested in emigrating to Cyprus, becoming a member of our portal will prepare you perfectly for emigration!
If you become a member, you will get unlimited access to all our expertise. Together we can set up your limited company in Cyprus to legally save taxes in less than two weeks. You will also receive all the tips & tricks you need to know before you emigrate.
On this page you will find a deeper comparison for cost of living in Cyprus compared to Germany.
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