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Buying Property
Buying Property
Buying a property in Cyprus
Once you have the property you want to purchase we recommend that no money changes hands until you have met with a lawyer. LAWYER We will introduce you to English speaking INDEPENDENT lawyer if you do not already have a lawyer. The lawyer will...
Buying Property
Title Deeds and Transfer Fees
If the house is a resale then the title deed of the acquired property can be transferred immediately, if the agreement is signed and full payment has taken place. Purchasers of a property under construction, or just completed or part of a project mus...
Buying Property
Banking And Financing
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 depo...
Buying Property
The banking system in Cyprus
The banking system in Cyprus is based on the British system, and it shares many of the UK's banking practices, services, and management and control practices. The banking system in the nation is governed, watched over, and monitored by the Central Ba...
Buying Property
An overview of Cyprus's taxation system
Whether you're a resident or a non-resident, taxation, which includes income tax, immovable property tax, capital gains tax, inheritance tax, and value added tax, is an important factor to take into account when purchasing a home in Cyprus. You must ...
Buying Property
How to receive and transfer money in Cyprus
All prior exchange control restrictions have been removed as a result of EU membership, and there are no longer any limitations on importing or exporting funds in any currency, though you must declare large amounts. No longer must you provide eviden...
