All Posts in "Purchase – South Cyprus" Category

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Taxes and fees

Taxes and fees

📌 1. Tax system TRNCNorthern Cyprus has its own tax system, independent from Southern Cyprus or the EU. The tax authority is the Department of Revenue and Taxation TRNC (Vergi Dairesi). The legal framework is based on British and Turkish models with local adaptations. 📌 2. Income tax ✅ Individuals TRNC residents (stay >183 days…

Mortgage for purchase of property in Southern Cyprus

Mortgage for purchase of property in Southern Cyprus

🏠 Financing real estate in Southern Cyprus for EU citizens This article provides an overview of the procedure for obtaining a mortgage loan in Southern Cyprus (Republic of Cyprus) for buyers who are permanent residents of a European Union country. Obtaining a loan for non-residents (EU citizens without Cypriot permanent residence) is a standard process,…