In an impressive display of resilience and momentum, Cyprus recorded one of its strongest months of property market activity in June 2025. According to the Land Registry, 1,544 property sale contracts were submitted which constitutes an outstanding 17 percent increase compared to June 2024’s 1,322 contracts. This surge places June as the second-highest month...
If you are contemplating acquiring a new residence in Cyprus, one of the crucial financial aspects to consider is the Value Added Tax (VAT). Although the standard VAT rate in Cyprus is 19%, a reduced rate of 5% may apply under certain conditions, substantially lowering the overall cost of your investment. Below is an overview of how the 5% VAT functions and the recent...
A Mediterranean Haven for Remote Workers What are digital nomads and is why is the movement growing so quickly? Digital nomadism is a highly popular and growing trend all over the world. Big companies are already head hunting for highly-skilled personnel without the limitation of having to select workers from the same country they are targeting to enter the...
For many people, commencing the “third age” of life—the phase of vibrant, self-sufficient retirement—Cyprus embodies an apparition of the American Dream. It provides the opportunity to exist in a well-protected, cost-effective, and stunningly beautiful locale without curtailing any of the trappings of modern luxury, healthcare, or intimate social circles. With...
Demand for residential complexes in Cyprus necessitate a growing need for desirable management. This applies to properties owned by individuals as well as those managed by real estate developers. At the same time, community living in apartment complexes is becoming more like living in a gated community, where residents enjoy privacy and some semblance of security. The...
The Cyprus Government has recently announced the “Renovate-Rent” scheme—an initiative aimed at addressing the growing need for affordable rental housing while revitalizing unused residential properties. The plan’s strategic approach is to encourage property owners to renovate vacant homes and lease them at accessible rates, with the added benefit of significant...
General Overview of Cryptocurrency Taxation Cryptocurrency taxation in Cyprus depends on how digital assets are used, whether for personal investment or business purposes. The tax treatment varies based on the frequency and nature of transactions. Taxation for Individuals In Cyprus, crypto-related gains are generally treated as income, but different rules apply...
The Cyprus government is stepping up efforts to make housing more accessible and prevent prices from spiraling out of control. A series of new initiatives aim to increase the supply of affordable homes and create a more balanced property market. Speaking at the annual Real Estate and Construction Conference on March 20 2025, Interior Minister Constantinos Ioannou laid...
Cyprus has established itself as a premier destination for international investment, largely due to its highly favorable tax system which is considered to be one of the most attractive tax regimes within the European Union A key component of the advantages offered by the tax framework is the country’s extensive network of Double Taxation Treaties (DTTs). Cyprus has...
Ένας πολύ σημαντικός φόρος που επηρεάζει σημαντικά την απόφαση πώλησης ενός ακινήτου, είναι ο Φόρος Κεφαλαιουχικών Κερδών. Τί σημαίνει όμως ακριβώς αυτός ο όρος; Ο Φόρος Κεφαλαιουχικών Κερδών είναι...
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