What you need to know when buying property in Cyprus
Cyprus, officially the Republic of Cyprus, is an island in the Eastern Mediterranean, east of Greece, south of Turkey, west of Syria and north of Egypt. It is the third largest island in the Mediterranean Sea and one of its most popular tourist destinations. Cyprus is an independent and sovereign Republic based on the presidential […]
Cyprus Revises Yacht Leasing Scheme
In October 2019, the Cyprus Tax Department issued Interpretative Circular no. 238 (‘’the Circular’’), implementing new procedures for the registration in the VAT Registry, of legal entities that operate in the sector of leasing of recreational boats (yachts) (‘’Yachts’’) in Cyprus. According to the Circular, the following provisions are introduced: Persons (legal entities), purporting to […]
Obtaining A Residence Permit In Greece
The Greek Golden Visa Program, addressed to non-European nationals, is considered one of the most popular programs offering residence permit in an EU country. This is due to the relatively low financial requirements and the short acquisition time (approximately 3 months). THE MAIN BENEFITS OF THE GOLDEN VISA PROGRAM are following: Among the lowest financial […]
CA Real Estate – Who We Are
CA Real Estate Limited is a newly Cyprus real estate licensed agency, with registration number 853 and licensed number 395/E. The company consists of young individuals, with new and modern ideas striving to be one of the best boutique real estate agencies in Cyprus .
Cyprus Property Management
Our Firm manages properties across Cyprus, ranging from holiday apartments and villas, to commercial and residential buildings. The majority of our clients are foreign investors who own property in Cyprus.
How to obtain a residence permit in the republic of Cyprus and related matters.
Over the years, the Cyprus Government has assisted foreigners (non – E.U. members) to get a residence permit and even a Cypriot (E.U.) nationality through numerous of regulations and laws. Categories eligible to apply for a Residence Permit Under Regulation 5 of the Aliens and Immigration Regulations of 1972, aliens may apply for a residence […]
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 / indirectly (through layers of companies) owns immovable property situated in Cyprus are subject to Capital Gains Tax (CGT). An exemption applies where the value […]
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 of the agreement at 0.15% for amounts exceeding €5.000 up to €170.000, and at 0.2% thereafter with a maximum payable cap of €20.000 per stamped […]
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 amount Property Transfer Fees are usually calculated on the market value of the property at the date of its purchase. However, in the situations where […]
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 years) and is calculated at the new rate of 1 per thousand (lower rate than previous years). The immovable property tax is payable by the […]