Cyprus Property News
Your post BREXIT future is safe in Cyprus.
Date: 20/11/19
While uncertainty surrounds the UK’s BREXIT plans Cyprus guarantees the rights of UK nationals.
With the 3rd general election in 4 years due next month UK
nationals are increasingly wary of their future. In the midst of this
changeable political climate, Cyprus has become the island of stability for
British residents.
Back in July 2019, the Cyprus parliament unanimously passed
legislation ensuring the right of UK nationals and their families living in the
Republic of Cyprus to reside freely in the event of a no-deal Brexit. Should
the UK leave EU without a deal this law guarantees the right of UK nationals to
remain in the Republic of Cyprus. Thanks to lawmakers in Cyprus the tens of
thousands of UK citizens who now call Cyprus home finally have some clarity.
Over and above the general safety net, on Friday the 08
November the CY parliament passed two regulations guaranteeing the right of UK
nationals for GMI and employee rights. The latest changes ensure the right of
UK nationals to receiving the guaranteed minimum income (GMI) and employee’s
rights under the Free Movement of Employees Act. Thus, UK nationals will enjoy
the same rights as EU nationals after the BREXIT, if and when it happens.
The positive move was welcomed by all in Cyprus and is seen
as a template for other EU countries. It should be noted that there is no EU
wide standard approach to UK citizens in the event of a NO-deal Brexit with
each individual member state taking a different approach.
Leave the BREXIT debate with a property in Paphos and enjoy
the Mediterranean dream safe in the knowledge that your rights are fully
protected thanks to the Cyprus Government.