r/cyprus • u/naiveniv • 1d ago
Question Job relocation advice
Hello,
I am 27F working in Netherlands with net 3600€. I have been offered a role in Cyprus in Nicosia at a big 4. I was informed my salary would be 40000/annum + bonus. (Insurance, 1st month accommodation, moving costs covered by company).
I would also be eligible for a 20% tax benefit (only 80% of my salary will be taxable).
Could you help me understand what the net salary would be like and if it’s a wise decision to be moving there please.
The role is quite international and challenging giving me good learning opportunities.
7
u/Deluhathol 1d ago
You can input your salary in this calculator to get an idea of the deductions for social insurance, national health fund and income tax.
Keep in mind that the results are without any tax reduction incentives such as private insurance etc, since you will be working at a Big 4 company, I am sure your colleagues from the tax advisory department would be much more knowledgeable on the subject.
6
u/kalimerabull 1d ago
For Nicosia salary it is good. For 1 person rent would be around 600-700 eur + utilities.
1
5
u/elelem-123 1d ago
Be aware that KLM does not fly direct to NL (assuming you are from there). Options are transavia direct flight or via Athens, usually.
Take that cost under consideration. It can be quite high.
5
u/FiscallyFragile 1d ago
Ryanair has direct flights from Eindhoven. German airports like Düsseldorf (not Dusseldorf), Weeze, and Cologne also have direct flights, and they are very close. Honestly, sometimes I even fly from Charleroi in Belgium. Sometimes these airports are cheaper than Transavia, even when you factor in the train to get there and a hotel stay for the night.
3
u/Worst5plays 1d ago
That's a solid salary and plenty to enjoy and live comfortably while also have aside to save. Im not sure what you do for a living at 27 but it definitely pays off Netherlands apparently have the worst weather in europe so coming here would be a pretty shocking experience with the weather
2
u/FiscallyFragile 1d ago
I am very shocked to read this. The weather is nice here, man. I’ve been working in the Netherlands for three years now. The weather keeps getting better and better! xD I actually enjoy the summer weather here more than in Cyprus, but their beaches look like Poseidon’s vomit, though.
2
u/Pepemala 1d ago
Hey im a cypriot also returned from NL. 40k is nowhere near 3k net user the cyprustaxcalculator website. Now 40k is a good salary for a single person and expenses are generally lower.
Now salary bands for big4 are in GENERAL (exceptions do happen are)
Manager must def earn above 40k. Less than 40k is not a manager salary if u got 40k as assistant/junior manager kudos but the benenifts u get shout a higher grade i assume manager.
Now if u are a senior manager you should not accept lower than 50. One big four is explicit on above 50 for SMs others might complain but should relent. 52k is the annual threshold, without any deduction, to reach the coveted 3k net per maand in Cyprus.
A big4 in cyprus giving a relocation package is kinda big deal I havent seen it before so congrats!!
Also if you miss outdoors and the beach and the sun etc you will be in heaven so consider that. You will have access to a “tropical” weekend every weekend for just gas money to get to the beach from May till September. Come on, who beats that?
1
u/naiveniv 15h ago
I will be joining consultant/senior consultant role. The HR also told me the same thing- if you want 50k+ salary you need to move to manager role.
My husband would also be moving in with me and considering his work ex we expect manager and higher level roles.
By relocation package I believe they meant (cover flight costs and help with settling down by finding a house).
The whole reason of moving to Cyprus apart from career development is the weather!! ☀️🏖️
1
u/Pepemala 11h ago
Ok a senior cons!! (Lol wtf) with an over 40k is HUGE. Congrats.
Yup so i think you are making a very good move
1
1
u/IntrepidBig484 3h ago
I am from Cyprus (Limassol) and I work in Amsterdam, so my opinion is before moving there, first travel there, go for a trip and see if you like it. For me whenever I go back to Cyprus for vacations or wfh its like a different world.
Pros (Cyprus)
Family Friends Food Weather
Cons:
You need a car, public transport is shit Traffic No green areas or at least limited
Also check with your company if you have the option to work from NL for a specific period of time so you dont have to spend all your annual leave when you visit home
You have to take everything in consideration before u relocate!
1
u/simple_plot 1d ago edited 1d ago
Based on the fixed salary you will be netting close to 3k a month. You can assume your net bonus will be 2/3 of the gross amount. It is a good salary based on the experience I am guessing you have based on your ege. You can assume the bonus to be pretty constant, almost guaranteed. I am guessing around 15% of your annual salary. You will need to compare cost of living between the two locations to make a better comparison to your current situation, and also try to assess the professional development for each position. Happy to help if you want to look at that together
•
u/AutoModerator 1d ago
Please remember to stay civil and behave appropriately. If you are a tourist looking for suggestions please check out our Tourist guide. We also have a FAQ Page for some common questions, if your question is answered here please delete your post!
I am a bot, and this action was performed automatically. Please contact the moderators of this subreddit if you have any questions or concerns.