Why Saudi Investors opt for Cyprus as Their Preferred Destination
Cyprus emerges as a compelling destination for Saudi investors seeking strategic business opportunities.
Sale of Immovable Property
Extension of the deadline for the payment of the Fee of the Cyprus Central Agency for Equal Distribution of Burdens (K.F.I.K.B.) 0.4% due to the transfer of real estate and shares after sale during the period 22/02/2021 until 18/11/2022.
Πώληση Ακίνητης Ιδιοκτησίας
Παράταση προθεσμίας καταβολής του Τέλους Κεντρικού Φορέα Ισότιμης Κατανομής Βαρών (Κ.Φ.Ι.Κ.Β.) 0,4% λόγω μεταβίβασης ακίνητης ιδιοκτησίας και μετοχών κατόπιν πώλησης κατά την περίοδο 22/02/2021 μέχρι 18/11/2022.
Buying & Selling Real Estate: An International Guide
We’re pleased to be one of the authors to the latest edition of “Buying & Selling Real Estate: An International Guide” in ILN’s comparative guide.
Why Investors Choose Cyprus
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 and stable economy with high standard of living and an excellent education system.
Real Estate in Cyprus
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.
Rent Increase for Statutory Tenants
Landlords who fall within the scope of the Tenancy Law of 1983 (23/1983) as amended (hereafter “the Law”) can increase their tenants’ rents by a maximum of 6% after a decade zero increase in rents.
Αυξήσεις Ενοικίων Για Θέσμιους Ενοικιαστές
Οι ιδιοκτήτες ακινήτων, που εμπίπτουν στο πεδίο εφαρμογής του Περί Ενοικιοστασίου Νόμου του 1983 (23/1983) ως τροποποιήθηκε (στο εξής ο «Νόμος»), μπορούν να αυξήσουν τα ποσοστά ενοικίων στους ενοικιαστές τους με ανώτατο όριο 6%, μετά από μια δεκαετία μηδενικής αύξησης των ενοικίων.
New Amendments to The Cyprus Permanent Residence Scheme 6(2)
The Ministry of Interior’s proposal to revise the criteria for granting permanent residency under Regulation 6(2) of the Aliens and Immigration Regulation was approved by the Council of Ministers.
Sale of Immovable Property
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.