All Posts in "Information for buyers" Category

🏡 Basic informationAfter purchasing or completing a property in Southern Cyprus, the new owner must register utilities in their name.The process is simple but requires a personal visit to the offices or authorization via a lawyer. In Cyprus, all utilities are billed individually – each apartment or house has its own electricity and water meter….

⚖️ Basic informationIn Southern Cyprus, property purchases are carried out exclusively through a licensed lawyer / advocate.There is no separate notary profession – the lawyer acts as a notary and certifies signatures. All documents, certifications, and registrations are handled through: 1️⃣ Lawyer fees (Legal fees) Service Typical Fee Notes Legal Check (Due Diligence) €1,000 –…

💰 Basic InformationRental income from property in Southern Cyprus is subject to Income Tax under the laws of the Republic of Cyprus.Taxation depends on the owner’s tax residency, type of rental (short-term / long-term), and the amount of net income. Cyprus has one of the lowest effective tax rates in the EU and offers many…

0️⃣ Quick Overview (TL;DR)Reservation (2–4 days) → blocks the price and unit. Due Diligence by lawyer (1–3 weeks) → verification of title and permits. Sales & Purchase Agreement (SPA) & Land Registry registration (within 60 days of signing). Payments according to plan / mortgage → + possible 5 % VAT request (main residence). Handover, utilities, management…