Purchasers Guide

Purchasers Guide

The legal system in Cyprus is based on the UK legal system of common law. Real estate, tourism and services are three of the main pillars of the Cyprus economy; hence the law has been developed extensively in order to protect individuals, companies and investors. The attractive international tax system of Cyprus and the immigration policies for permanent residency and citizens...
Healthcare in Cyprus

Healthcare in Cyprus

Healthcare in Cyprus is cheap and effective, and is another reason many expats relocate to the island.    The Cyprus healthcare system is divided into public and private sectors. Public healthcare is either inexpensive or free, at least for citizens of the EU, and even private healthcare costs can be relatively affordable.   Both state-funded and private ho...
The legal system in Cyprus

The legal system in Cyprus

The legal system in Cyprus is largely based on the British equivalent and safeguards the purchaser’s rights in many ways. For the purchaser’s protection, once the agreement of property sale has been signed and a deposit paid, the Land Registry in Cyprus provides a simple and effective legal instrument called the “Specific Performance”. This procedure pro...
Tax & Foreign Pensions

Tax & Foreign Pensions

This article provides a brief outline in relation to the provisions of Tax law , further information can be obtain from independent tax advisor. Income Tax Law 1) Physical Persons The law provides that an individual is a resident if he / she lives in Cyprus for one or more periods which exceed the total of 183 days per year. Days in and out of Cyprus are calculated as follow...
Education in Cyprus

Education in Cyprus

Education in Cyprus one of the Highest in Europe.Public primary and secondary education in Cyprus is of high level. Teachers are qualified, school buildings are beautiful and they occupy some the best plots of land. The government spends 7% of GDP on educational needs. As per this figure Cyprus is a leader (along with Denmark and Sweden) among the European Union countries. Pub...
Golf in Cyprus

Golf in Cyprus

With par facilities in beautiful surroundings, Pafos is the latest destination on the golfing map, a place where you can play the game all year round. There are four top class golf courses in the Pafos region, while a few others currently under construction. Situated in peaceful surroundings amidst landscaped hills with spectacular views, these offer luxury villas or apar...
Property Transfer Fees REDUCED by 50%

Property Transfer Fees REDUCED by 50%

CYPRIOT MPs voted unanimously to cut Property Transfer Fees by 50 percent as part of a wider tax reform package designed to modernise the island’s property tax system and encourage economic activity in the real estate sector. Transfer Fees Exemption: The reduced transfer fees will apply to all property sales and registrations of leases or subleases. In addition, the tra...
The President announced €60m worth of projects for Paphos

The President announced €60m worth of projects for Paphos

PRESIDENT Nicos Anastasiades on Monday announced €60m worth of projects for Paphos during the first stop on his ‘tour’ of all of the districts in Cyprus to announce development s plans. “I am pleased to announce new projects worth €60 million. The first of these is the regeneration of the traditional shopping centre and Kennedy Square at a...
The Development and Production Plan for the “Aphrodite” natural gas field

The Development and Production Plan for the “Aphrodite” natural gas field

The Development and Production Plan for the “Aphrodite” natural gas field was submitted on Wednesday afternoon to Cyprus` Ministry of Energy by the partners in Block “12” of the Cyprus Exclusive Economic Zone (EEZ). Noble Energy International Ltd, Delek Drilling Limited Partnership and Avner Oil Exploration Limited Partnership, holders of a li...
Cyprus

Cyprus

FACTS AND FIGURES ABOUT CYPPRUS: Geographical Location: 3rd largest island in the Mediterranean Sea located in the eastern Mediterranean – Middle East (between Asia, Africa and Europe) Main Cities: Nicosia(capital), Limassol, Lamaca, Paphos, Famagusta, Kyrenia Official Languages: Greek and Turkish (English is widely spoken) Population (201...
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