Archive for Tag: Property Tax

Cyprus Property Demand & an Explanation of the Price Hike in 2019

The last financial year in Cyprus saw one of the biggest periods of growth in recent years, with financiers citing economic symptoms similar to a boom. Especially regarding property sales and investments on the island, with similar growth in tourism; nominated investments for the Cyprus passport scheme; and demand...

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Using a Cyprus Investment as a Special Purpose Vehicle

Have you ever thought about purchasing real estate as an investment in Cyprus or abroad? Foreign tax jurisdictions are growing increasingly complex and strict in constantly finding new ways to challenge the effectiveness of tax structuring via global financial centres and how they’re regulated by foreign authorities. Unsurprisingly such...

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Common Preparatory Mistakes to Avoid When Purchasing a Cyprus Property

Preparing to purchase property anywhere in the world requires a lot of organisation and time, Cyprus however is a unique market, with many first time property buyers on the island falling prey to hidden pitfalls and mistakes. The Cyprus property market is continually developing and can be a great...

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Why do Russian Businesses Enjoy Doing Business in Cyprus?

Russian businesses and Entrepreneurs alike have always been interested in Cyprus as a business centre, mostly due to its tax regime, with double taxation agreements included, European Union membership, and Russian amiability, a study has found. Russia Doing Business in Cyprus 2017: Measuring Quality & Efficiency reported that 85%...

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Everything you Need to Know About Corporate Taxation in Cyprus

The corporate taxation rate for Cyprus is 12.5%. Certain income types are also subject to a special contribution for defense. If you have recently set up your business entity, you should ensure that to do the following soon after incorporating: Register for company tax. Keep accounting records. Prepare a...

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Buying a Permanent Home in Cyprus for Relocation & Living

Who can buy property in Cyprus? If you are planning to permanently relocate, or use your Cyprus property to live permanently, there are many tax advantages to owning only one property and making yourself a permanent tax resident. EU citizens have the right to live and work anywhere within...

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An Introduction to Buying a Holiday Home in Cyprus

Many people buy a holiday home in Cyprus with a view to living there permanently or semi-permanently when they retire due to the many benefits of the classic, slow-paced Mediterranean lifestyle. Traditionally, Cyprus has been a sought after location for overseas buyers looking for a holiday home or secondary...

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