Feisty wrote:As Bill says, anyone who owns a property in the UK and sells it would well be able to afford to live in cyprus or probably any other EU country. The sale of their UK property should be more than enough to buy a property outright and they then have at least £90 a week to live on plus their £200 a year fuel allowance.
Agreed they would not live like kings but they would probably be living better than they would in the UK on that income.
I think there is a minimum level of income one has to have before they are allowed residency .... and £90 per week is probably half that from what I recall.
It is precisely these sorts of people that Cyprus should now be restricting further due to diminishing resources and encouraging more of these types >>>
Financial Mirror wrote:Norway's richest man becomes a Cyprus citizen
Norway's richest man is no longer Norwegian. Ship owner and investor John Fredriksen has returned his Norwegian passport and has become a Cypriot citizen.
London-based Fredriksen has for a long time led his business operations from Cyprus in order to avoid Norwegian tax regulations, news reports said.
He heads Sea Tankers Management Co. Ltd. in Limassol which is part of the Oslo-based, Nasdaq-listed Frontline Ltd. (nasdaq: FRONY), the biggest crude-oil tanker company in the world.
According to the Sunday Times, Fredriksen now ranks 10th on the list of the richest people in Great Britain and Ireland
Frankly I am getting sick and tired of the small minded boring bigoty Brits that are becoming far to prevalent in my neighbourhood. Bolstered by the sun and cheap wine, they swan around in ill-fitting shorts and t-shirts, guffawing loudly at other easily recognizable (pink) kindred islanders.
Unlike economic migrants that have a certain motivational quality about them, seeking to improve their lot, or successful businesspeople / professionals / academics or those retired on considerable income... all perfectly acceptable and desirable ... these lowly retired Brits with nothing but capital from one house sale and a measly pension are nothing but a waste of precious resources.
Surely by EU rules we only have to entertain them for half the year, max