Cyprus is an island and its main income source is tourism but still the cost of living in Cyprus is lower when compared to the United Kingdom. The citizens of Cyprus enjoy the tax benefits and Cyprus is always a friendly country. If you follow the economical effects of Cyprus its been developing good and also becomes an European Union member. Some tourists still feels Cyprus is costly but its not and they are worth to spent money on your Cyprus holidays. As its cheap when considered with UK, you will find European influence in most of the areas and foreign nationals from UK will be visiting Cyprus regularly or start their own business or settle here at Cyprus.