![](\"http:\/\/ch.jfdi.cc\/wp-content\/uploads\/2023\/12\/french-pensioners-flock-to-cyprus-for-attractive-tax-measures.jpg\")
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French pensioners are increasingly choosing to live abroad in Cyprus, attracted by the country\u2019s favorable tax measures, according to reports in France on Friday.<\/p>\n
According to a report in the Le Figaro, <\/em>over the past ten years, pensioners have been choosing Cyprus, along with Greece, Portugal, Italy, Tunisia, Morocco, and Malta for their retirement.<\/p>\n The report said that for Cyprus, under the Franco-Cypriot tax convention of 1981, pensioners are not taxed in France but rather in Cyprus, if they decide to establish their residence there.<\/p>\n According to the findings of the French newspaper, the tax benefit exempts pensioners up to \u20ac3,420 per tax year, and beyond that, they are taxed at only 5 per cent.<\/p>\n Additionally, there is no estate or inheritance tax in Cyprus, the report said.<\/p>\n As for Greece, pensioners get a flat tax rate of 7 per cent offered for 15 years to those who establish their tax residence there.<\/p>\n \u201cThe logic is very simple. We want pensioners to settle here, we have a beautiful country, a very good climate, so why not?\u201d Athena Kalyva, head of tax policy at the Greek Ministry of Finance said in the report, pointing out that to benefit from this system, an individual does not need to own property in Greece.<\/p>\n Follow the French pensioners are choosing to live in Cyprus due to the country’s favorable tax measures. Under the Franco-Cypriot tax convention, pensioners are not taxed in France but rather in Cyprus if they establish their residence there. The tax benefit exempts pensioners up to \u20ac3,420 per tax year, and beyond that, they are taxed at only 5%. Additionally, there is no estate or inheritance tax in Cyprus. Greece also offers a flat tax rate of 7% for 15 years to pensioners who establish their tax residence there.<\/p>\n","protected":false},"author":3,"featured_media":888,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"Default","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[4],"tags":[3,229,230],"class_list":["post-887","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cyprus","tag-cyprus","tag-cyprus-tax","tag-pensioners"],"acf":{"keyphrase":"","keywords":"","sourceimg":"","country-category":""},"yoast_head":"\n
\nCyprus Mail on Google News<\/p>\n","protected":false},"excerpt":{"rendered":"