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The highly anticipated Marina in Ayia Napa

One of the most aspiring projects in Cyprus, the new marina in Ayia Napa is about to commence its construction following the revised planning permit issued by the Planning Authority. […]

First Casino in Cyprus opening in October 2017

In just a year’s time Cyprus will have its first casino which will operate temporarily from the upgraded premises of Monte Caputo in Limassol. The temporary location will remain in […]

Cyprus offering free WiFi on the beach

IN COOPERATION with the Municipality of Paralimni CyTA has expanded its network for wireless Wi-Fi access along the beachfront of Protaras, giving the opportunity for Cypriots and foreign tourists to […]

Amendments introduced to the legislation

Capital Gains Tax from sale of shares in property companies The disposal of immovable property situated in Cyprus as well as the disposal of shares of a company that directly […]

Latest Information on Cyprus Passport Scheme

Automatic Naturalisation of Foreign Investors / Entrepreneurs The scheme for obtaining a Cypriot passport/nationality through investment was initially enacted by the Council of Ministers of the Republic of Cyprus in […]

Calculating Stamp Duty

Stamp duty in Cyprus is levied on ‘documents’ (i.e. written agreements/contracts) relating to assets located in Cyprus and/or matters taking place in Cyprus. Stamp duty is calculated on the value […]

Calculating Property Transfer Fees

Property Transfer Fees are based on a sliding scale as follows: 3% – on the first € 85,430 5% – on the next € 85,430 8% – on the remainder […]

Calculating Immovable Property Tax

As of 2015, the annual immovable property tax payable by property owners is based on the official values provided as at 2013 (as opposed to 1980 values used for previous […]