Latest news & information

🏢 Basic informationCommercial properties in Southern Cyprus – including shops, offices, hotels, warehouses, and industrial spaces – are among the most stable and profitable investments in the Eastern Mediterranean region. The market is driven by growth in services, tourism, the IT sector, and foreign companies establishing EU branches in Cyprus.The highest demand is for modern…

Main Change in the VAT Rules The VAT system in Southern Cyprus has been updated.VAT is now primarily based on the purchase price of the property, rather than on the size of the property, with an important exception for properties exceeding 130 m². When Does the 5% VAT Apply? The reduced 5% VAT rate applies…

🏛️ Basic informationTransfer Fee is a charge paid when transferring property ownership at the District Land Office.It is equivalent to a “property transfer tax” and is paid only once – when the new owner is registered. This fee applies only in certain cases – not for every purchase.It depends on whether the property was bought…

🏛️ Basic informationUntil 2016, there was a state immovable property tax (Immovable Property Tax – IPT) in Cyprus,which had to be paid by every property owner based on its value as of January 1, 1980. From January 1, 2017, this tax was completely abolished.This means that today, in Southern Cyprus, there is no annual state…