Table of Contents
Less Than in Germany
Germany: insure everything. Cyprus: leaner culture. Few mandatory (car liability, GeSY). CMC recommends pragmatic middle way: important ones yes, rest skip.
Mandatory
GeSY (health, via social contributions). Car liability (€200-500/year). Professional liability (some professions).
This was exactly our experience: Car liability (€200-500/year). Professional liability (some professions). Recommended Private health supplement (€100-300/month).
– Expat from Cologne, in Paphos since 2024
Recommended
Private health supplement (€100-300/month). Home/building (€200-500/year, for owners). Car comprehensive (new cars). Life insurance (if family dependent). Travel (outside EU).
Not Needed
Contents insurance (renters, low burglary rate). Legal protection (lawyers cheaper). Disability (few offers in Cyprus). Glass breakage. Bicycle. CMC connects with English-speaking brokers.
Insurance in Cyprus
Topics: Less Than in Germany, Mandatory, Recommended
CMC Practical Tip
Recommended Private health supplement (€100-300/month).
Frequently Asked Questions
Mandatory: GeSY + car liability. Recommended: health supplement, building (owners), car comprehensive (new). Rest: not needed.
Liability €200-500/year. Comprehensive €300-800. Compare: insurancemarket.com.cy.
Renters: optional (low burglary). Owners: recommended (earthquake, water, fire). €200-500/year.
PKV: yes. Liability: usually Germany-only (get new). BU: can continue. Legal: usually German disputes only.
How CMC Supports You
At CMC Certus Management Consultants, we are here for you – not only for tax and legal questions, but also for all practical topics of everyday life in Cyprus. Our team in Larnaca and Pafos knows the local conditions first-hand.
As your local contact, we handle: company formation and management, tax advisory and Non-Dom applications, ongoing bookkeeping and tax returns, support with authorities, and referrals to estate agents, lawyers, doctors and tradespeople.