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Tax Advantages
10% corporation tax
5% tax on overseas income and assets of retirees/foreigners
including pensions
20% capital gains tax
no inheritance tax
no wealth tax. more |
Loans And Mortgages
Previously in Cyprus mortgages were difficult to arrange with high rates
of interest.
Now mortgages are available also in euros at low rates thereby
increasing accessibility to the property market for more buyers due to
the ‘affordability factor’ with mortgages as high as 80% loan to value.
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Associated Costs
Stamp Duty will be due upon signing the Contract of Sale at the
rate of 1.5 cents per CyŁ1,000 (0.15%) up to a purchase price of
CyŁ100,000. Thereafter it is 2.0 cents per CyŁ1,000 (0.2%). For example
the stamp duty payable for a property priced at CyŁ50,000 would be
CyŁ75. more |
About Cyprus
Cyprus, the birthplace of Aphrodite. Located at the crossroads of Europe, Africa and Asia, it is the trade connector between Western Europe and the Middle and Far East. As a result, Cyprus has become a major centre for Offshore Companies.
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Return On Investment