Property in Cyprus
The Cypriot legal system is based on the English common law system, but starting 1960 the country has lined it up with the EU regulations. Cyprus has singed many international conventions and treaties starting with double taxation agreements for taxation matters to treaties for the protection of private property of...
Permanent Residence Permit
Non-EU citizens purchasing property in Cyprus can benefit from new and accelerated procedures for obtaining a Permanent Residence Permit. This benefit is extended to the spouse and future claimants also applicable for a permit. Requirements For EU citizens, there are no restrictions on attaining Residential permit. The process involves the...
Passport Attainment
Investing in real estate is considered the main vehicle for the acquisition of the Cypriot Passport, thus EU Citizenship. It constitutes a simple and straight-forward procedure that takes up to 3 months to completion (fastest in the EU). Benefits Free movement within the EU; travel, live, work Travel visa-free to...
Title Deeds
The procedure for the transfer of ownership from Seller to Buyer is undertaken through the Cyprus Land Registry Office, either by the Buyer or through their legal advocate. Title Deeds are customarily issued within the succeeding year or so, after a project has been completed, and under the name of...
Taxes & Other Fees
Stamp Duty on Contracts In the case of a sales contract, the purchaser is liable for the payment of Stamp Duty at the rate of: Value Rate First €5.000 0. €5.001 up to €170.000 0.15% Above €170.001 0.2% Above €8.550.000 Fixed at €17.000 TOTAL Stamp Duty Cumulative Total Payable Please...
