Sale of Immovable Property New tax announcement The Parliament has passed a new law levying on a 0.4% tax on all sales of immovable properties. The imposition of this levy is intended to serve humanitarian purposes by supporting Greek -Cypriot refugees. The funds raised will go into a fund managed by the Central Agency for…
Cyprus has been considered as an attractive destination for investors, individuals and families through its competitive transparent legal, financial and regulatory framework as well as the advantageous tax policy combined with the strong banking system. The island has received a considerable inflow from Lebanese individuals, companies and families which are seeking to safe destinations outside…
Transfer of a property in the name of an “enclaved buyer”. A new deadline is approaching. Did you know that the right of all purchasers who did not lodge and/or submit their sale contract or assignment agreement before the District Land Office lapses on 31.12.2022? The recent legislation is judged to be fair as it…
A. General Introduction Cyprus is a common law jurisdiction, and its legal system is based on the UK one. It is a clear and robust system which leaves no uncertainty as to the ownership status of real estate in Cyprus. The Land Registry Office in Cyprus (with district offices in each of the major towns…
Τι είναι η Πνευματική Ιδιοκτησία Σε αντίθεση με την ιδιοκτησία φυσικών αντικειμένων, όπως για παράδειγμα την ιδιοκτησία αυτοκινήτων, σπιτιών και άλλων αντικειμένων, η πνευματική ιδιοκτησία αναφέρεται στην ιδιοκτησία ενός φυσικού ή νομικού προσώπου επί δημιουργιών του ανθρώπινου μυαλού, όπως για παράδειγμα μία εφεύρεση, σχέδιο, διακριτικό σήμα, καλλιτεχνικά έργα. Τα δικαιώματα πνευματικής ιδιοκτησίας προστατεύονται τόσο από…
Cyprus Digital Nomad Visa Scheme – An attractive option for remotely workers In the early years of pandemic Covid-19, the term “work remotely” has gain popularity throughout of the world. Work remotely has been extended and prolonged in many businesses with a positive impact on both the employer and employees, whereas in some cases “work…
Completion of Conveyancing Conveyancing is the process which must be followed for transferring an immovable property from the vendor to the buyer. The procedure could be described as complicated as it requires the submission and drafting of relevant documents. Legal representation is required to complete this process. Selection of Property – Reservation – Payment of…
New Amendments to the Provision of Regulation 6(2) of the Alien and Immigration Regulations for the Cyprus Permanent Residency Programme: Cyprus has been considered as an attractive destination for investors, individuals and their families for many reasons, such as: a favourable tax framework with an expanded network of double tax treaties (currently 65); fast access…