1. Obtain reliable and professional local advice. 2. Before signing any agreement carry out a search at the District Lands office to check for encumbrances. 3. If the property to be purchased is a house or a flat, check whether there is a building permit and, if completed, whether a certificate or approval for the building has been obtained from the appropriate authority. 4. If the property to ... [Read More]

Buying Property with Title Deeds Purchasers buying a property built some years ago or a one unit and not part of a complex, can acquire their Title Deed immediately.  The procedure is exactly the same as in the U.K. It is wise to appoint a local Lawyer. The Lawyer must then make a search and if the results are satisfactory, contracts can be exchanged immediately. The Vend... [Read More]

         GRANTING AN IMMIGRATION PERMIT TO APPLICANTS WHO ARE THIRD COUNTRY NATIONALS AND INVEST IN CYPRUS UNDER REG6(2) OF ALIENS AND IMMIGRATION REGULATIONS   FAST TRACK   REQUIREMENTS:   Fixed Deposit: § Fixed deposit €30.000 for a 3 year period in a Cyprus institution. § The a... [Read More]

The banking system and regulations in Cyprus are of a European standard. The banks have many branches throughout the island, which are efficient, well equipped with the latest technology. Non-Cypriot citizens may open foreign currency and local deposit accounts without difficulty. Quite a number of branches of many international banks are found operating on the island. Major credit cards, (eg., ... [Read More]

Τhe net profit from the disposal of immovable property is estimated by deducting from the disposal price the market value as at 1.1.1980 or the purchase cost if the immovable property was built after this date, as adjusted for inflation based on the retail price indexes and is taxed at 20%. Lifetime Exemptions to individuals:   Profit €  On the disposal of any prop... [Read More]

Cyprus is located at the crossroad of Europe, Asia and Africa and is an excellent location for the worldwide multinational corporations. As of 1st of May 2004 is a member of the European Union. Cyprus, a Former British Colony follows the common Law system and the UK legal system has an immense influence on the island. Following the country’s accession to the European Union the Tax regime of... [Read More]

Our Team will assist you with your Cyprus Company Incorporation / Formation to enable you to enjoy Cyprus Tax benefits straight away. Available is also a Shelf Companies list with ready-made companies from all major jurisdictions. PRICES VARY FROM 1600€ TO 2000€. Direct from your lawyer in Cyprus. Please contact us for professional assistance. Cyprus during the past decades has succeed... [Read More]

Immovable Property Tax Immovable Property Tax is imposed on the market value as at 1 January 1980 and applies to the immovable property owned by the taxpayer on 1 January of each year. This tax is payable on 30 September each year. Physical and legal persons are both liable to Immovable Property Tax. Property value €  Rate %  Tax €  Accumulated Tax € ... [Read More]