Cyprus

Cyprus

Offering the perfect balance between work and relaxation, with long sunny days in a stress-free atmosphere and beautiful surroundings, Cyprus enjoys an idyllic Mediterranean lifestyle, 340 days of sunshine a year and some of the most welcoming people in the world…all in a modern and well-functioning environment. Can you imagine a life away from cold, wet days and the he...
Paphos Places to Visit

Paphos Places to Visit

Paphos Archaeological ParkLocation: Kato Paphos - CyprusKato Pafos Archaeological Park includes sites and monuments from prehistoric times, Roman period and Middle Ages. The complex includes 4 Roman villas with marvelous mosaic floors, the Asklipieion (a sanctuary dedicated to the god of medicine), the Odeion (amphitheater), the Agora (square court), the "Saranta Kolones" (Fort...
Paphos

Paphos

Paphos is considered to be the jewel of Cyprus, with a mild climate and natural geographic beauty, from mountains dipping into the crystal clear waters and gentle hills slopping into deserted bays. The relaxed Life style offers visitors and residents alike the tranquillity and peace few places in the world can offer. Once a small fishing village, Paphos still enjoys the safety...
Coral Bay

Coral Bay

The Coral Bay area, in Paphos, Cyprus occupies a superb location overlooking the golden sandy beaches of Coral Bay Beach and sparkling waters of Coral Bay.  Adjacent to the Akamas peninsular, an area protected by UNESCO, Coral Bay offers the perfect base for exploration, either by jeep or on horseback. Perfectly seasoned all the year round, being the w...
Polis

Polis

Situated on the North West peninsular of Southern Cyprus, Polis’s main function until recently was agricultural which is still clearly noticeable. Even during the heat of July and August the Polis fields look fresh and green. Greenhouses produce cucumbers and tomatoes all year round and the hills are covered with citrus trees, tobacco, vegetables and other crops. The bea...
Permanent Residency and Citizenship in Cyprus

Permanent Residency and Citizenship in Cyprus


New and accelerated procedure for granting Immigration Permit to applicants who are third country nationals and intent to invest in the Republic of Cyprus 1. According to the provisions of Regulation 6(2) of the Aliens and Immigration Regulations, the Minister of the Interior decided to issue Immigration Permit to applicants, who are third country nationals, provided t...
The banking system and property finance in Cyprus

The banking system and property finance in Cyprus

The banking system and regulations in Cyprus are of a European standard. The banks have many branches throughout the island, which are efficient, well equipped with the latest technology.  Non-Cypriot citizens may open foreign currency and local deposit accounts without difficulty. Quite a number of branches of many international banks are found operating on the island. Ma...
Property Running Costs

Property Running Costs

Municipality ChargesMunicipality charges each household must pay for waste removal around €50 to €200 per year depending on the area. Communal ExpensesCommunal expenses are introduced in most of the complexes for maintenance of communal areas such as lifts, pools and gardens. Depending on the development, communal fees vary between €30 to €100 per month.&nb...
Cyprus Property Taxes

Cyprus Property Taxes

Transfer FeesThe purchaser will be liable to pay the following transfer fees for the property acquired, when this is registered in his/her name at the Land Registry Office. The fees are charged on the property’s market value at the date of purchase. Property Value in € – %Up to 85,000 – 3%85,001 – 170,000 – 5%Over 170,000 – 8%(Th...
Cyprus Property Laws

Cyprus Property Laws

Legal SystemThe legal system is 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 p...
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