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Documents Immigration Leisure News Property
Documents News Things important to know before opening a company in Cyprus Today we will share the nuances for those who are considering opening a company on the island. What is important to know and what requirements does this process involve?
To begin with, let's talk about the types and forms of business:
Choosing the type of legal entity for your business depends on the tasks you plan to solve. There are many organizational and legal forms available here, but we will list the most popular among foreign entrepreneurs:
Private limited liability company (LTD). Such business structures must have a director, at least 1 shareholder (the number of shareholders should not exceed 50) and at least one secretary. The founders and secretaries of a company with a limited liability company can be both individuals and legal entities. persons, both Cypriots and foreigners. All companies with a limited liability company must have an operating office in Cyprus. 08.05.2024 59 views Documents Immigration News Cyprus property tax in 2024 New real estate in Cyprus is subject to value added tax, its rate is 19%, and VAT on land is also considered. For secondary real estate, the tax rate is 0%, but from November 1, 2023, new amendments to the legislation came into force:
If you buy your first house or apartment with an area
up to 130 square meters and value up to 350,000 euros - VAT 5%
up to 190 sq.m. and cost up to 475,000 euros - for the first 130 sq.m. m is charged 5% VAT, and from 131 to 190 sq. m - 19%
more than 190 sq. m — VAT 19%
There is an exception for people with disabilities. For this group, 5 percent VAT will be charged on the first 190 square meters. m when purchasing your first property 100 views Immigration News Closing the Golden Visa program for Russian citizens. So what’s now? So-called "Golden Visas" are a very popular tool for investors to expand their opportunities.
Let us remind you what type of visa this is - this is a program for obtaining a residence permit by investment. They have begun to be actively introduced by many European countries in recent years, Cyprus is no exception.
The holder of such a document has a lot of opportunities - better education, infrastructure, a completely different standard of living, but most importantly - the opportunity to apply for European citizenship. 12.04.2024 130 views Immigration News Property Cyprus property market in 2024. 24 main points In 2024, the property market in Cyprus remains active and attractive to investors and buyers. Despite changes in the economic situation, the demand for housing on the island remains stable and is constantly growing. If we discuss the situation as briefly as possible, we can highlight 24 main points:
The market continues to see a slight increase in property prices, especially in popular tourist areas such as Limassol, Paphos and Ayia Napa.
Developers are actively developing new projects, offering a wide range of housing from apartments to villas. 11.04.2024 161 views Property Treasure Island: how to increase your capital by investing in Cyprus real estate? Cyprus remains one of the most popular countries in the world for property investment. And there are many reasons to become the owner of square meters on the island. Summer all year round, incredible beauty of nature and friendly neighbors, and if you delve into this issue with financial interest, then the desire to move increases many times over!
Real estate in this region has always been an interesting investment option. And an increased increase in demand from investors has been observed since 1995.
Therefore, let's look at the most interesting strategies for investing in this industry. 08.04.2024 56 views Property Real estate in Cyprus with high ROI: objects and locations 2023 shows an interesting picture for the Cyprus property market. There is a steady increase in prices, the emphasis has shifted to environmental and family real estate in the premium segment, and the relocation of businesses and IT communities to the island is increasing. The country also attracts digital nomads - freelancers from the IT sector who come to the island and stay on it. 02.04.2024 179 views