Buying Property

Buying a property in Cyprus

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...

Title Deeds and Transfer Fees

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...

Banking And Financing

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...

The banking system in Cyprus

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...

An overview of Cyprus's taxation system

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 ...

How to receive and transfer money in Cyprus

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...

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