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...
A significant tax that greatly impacts the decision to sell a property is the Capital Gains Tax (CGT). But what exactly does this term mean? The Capital Gains Tax is a specific tax applied to the sale or transfer of immovable property (house, apartment, land, etc.) located within the Republic of Cyprus. A prerequisite is that there must be a profit from the sale of the...
Το υπουργείο εσωτερικών έχει ανακοινώσει την έναρξη υποβολής αιτήσεων για το νέο στεγαστικό σχέδιο επιδοτήσεων, που απευθύνεται σε νεαρά ζευγάρια, νέους και μονογονεϊκές οικογένειες έως 41 ετών. Η...
Cyprus permanent residency is a legal status that can be given to all qualifying citizens even if they do not come from an EU member state. The word permanent is not misleading and when this status is achieved, it is valid for a lifetime provided that all necessary documents are submitted. How to get Cyprus Permanent Residency To obtain the permanent residency, the...
A new subsidy scheme is already active and the application forms are expected to be available within the next few days. The Cyprus government collaborated closely with banks and has created a unique program designed to aid the people who found themselves in unfortunate situation due to the rise of interest rates and it is in continuation to a previous subsidy scheme, in...
Νέο σχέδιο έχει εξαγγείλει η κυβέρνηση το οποίο είναι ήδη σε ισχύ. Ποιοί είναι οι δικαιούχοι Το σχέδιο αφορά αποκλειστικά όσους είχαν συνάψει δάνειο για την περίοδο 01/01/2022 μέχρι 31/12/2023 για πρώτη...
In March 2024, the UK chancellor announced plans to phase out the non-dom tax regime. Following the recent elections, it was announced that this tax regime will be abolished by 06 April 2025. What exactly is non-dom (Domicile)? Non-dom is a British tax status that has been available since the French Revolution. Domicile comes from the Latin word Domus which means house...
Famagusta, a jewel of the eastern Mediterranean coast, boasts an enticing real estate market that attracts investors and homeowners. Its rich history, and striking scenery, can only begin to capture the allure of this magnificent and picturesque city. The city’s stunning beaches with crystal-clear waters have earned Famagusta a total of 34 certified blue-flag beaches...
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