About Cyprus

About Cyprus

The history of Cyprus is one of the oldest in the world and dates back to the 7th century B/C. The arrival of the Mycenaean Greeks at first, followed by the Achaean Greeks has given Cyprus the typical Greek character…
Read More

Legal Safeguards for Buying Property

When non–Cypriot purchasers decide to buy immovable property in Cyprus, they have the same rights as Cypriot citizens. The contract of sale signed between the Vendor and the Purchaser binds both parties to perform according to their …
Read More

Cyprus Property Taxes, Fees and Rates

Until the end of 2016, the registered owner of the property, was liable to an annual Immovable Property Ownership tax calculated on the market value of the property as at 1st of January 1980 (paid by the 30th of September in the year). …
Read More

Inheritance Tax in Cyprus

In Cyprus there is no inheritance tax and if one is domiciled in Cyprus (due to the double taxation agreement between Cyprus + other countries) one is exempted from such a taxation on one’s worldwide assets. On the other hand there is an…
Read More

Low Taxation for Business in Cyprus

An important consideration when buying a home in Cyprus, whether you’re a resident or non-resident, is taxation, which includes income tax, immovable property tax, capital gains tax, inheritance tax and value added tax. If you live permanently in Cyprus, you …
Read More

Acquiring Property in Cyprus

Foreign buyers, especially those from the UK, often assume that because legal and financial systems are based on the same principles as those in the UK, house-buying procedures will be the same. Cyprus land law and UK land law and the associated…
Read More

Finance Options for Buying Property

Financing your property in Cyprus can take the form of a mortgage, equity release scheme or the use of your own funds. Most investors opt for a mortgage, which are available from banks in Cyprus. Mortgages are widely available in Southern…
Read More