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⚖️ Basic InformationSouthern Cyprus operates under the Common Law legal system, which differs from Slovak or Czech inheritance law. Since 2015, Cyprus has also applied EU Regulation No. 650/2012, which allows EU citizens residing in Cyprus to choose which legal system will govern the inheritance of their estate. This means that a foreign national (e.g.,…
🧾 Basic Information Cyprus is one of the most popular jurisdictions in the EU for company registration.It offers low taxation, a stable legal environment, simple administration, and the ability to own real estate through a company. Thanks to its Common Law system and double tax treaties with more than 65 countries (including Slovakia and the…
🏡 Basic InformationProperty insurance in Cyprus is not legally mandatory,but it is strongly recommended—especially for apartments under construction, rental properties, or purchases financed by a mortgage. If the property is financed by a bank, insurance is mandatory for the entire duration of the loan.In other cases, it is up to the owner to decide which…
Sunny life begins in Cyprus
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