Navigating Rental Income Tax Requirements in Cyprus Introduction Being a property owner in Cyprus offers rewarding financial opportunities through rental ventures, however, it’s essential to navigate through specific fiscal and legal duties, especially concerning the taxation on rental revenue. This guide sheds light on the various tax responsibilities and compliances in relation to rental income...Read More

Revamping Tenant Eviction Protocols in Cyprus – Amendment 3(1)/2020 to the Cyprus Rent Control Act 1983 Navigating the complex landscape of tenant evictions in Cyprus has been a persistent challenge, especially when confronting renters who systematically neglect their financial obligations. The government’s introduction of Amendment 3(1)/2020 to the < a target=”_blank” rel=”noopener”>Cyprus Rent Control Act...Read More

Mandatory Land Splitting Among Joint Property Owners in Cyprus – The Role of the Department of Lands and Surveys. In situations of disagreement among joint property owners in Cyprus, disputes can emerge regarding land division due to various factors like financial inequality, utilization, sale of the property, and other personal issues, often resulting in certain...Read More

Relocating to Cyprus: A Comprehensive Guide Cyprus, with its strategic location, favourable climate, and advantageous tax regime, has become an increasingly popular relocation destination. Whether you’re an individual looking for a new home or a business seeking to establish operations, relocating to Cyprus can be a beneficial move. Here’s a comprehensive guide to help you...Read More

Simplified Guide to Opening a Bank Account in Cyprus Opening a personal bank account in Cyprus has evolved in recent years due to changes in money laundering laws and Central Bank Regulations. While these changes have added some complexity, anyone armed with the necessary documents and guidance can navigate the process with ease. Whether you’re...Read More

Unlocking the Essence of Cyprus Title Deeds Title deeds in Cyprus are the cornerstone of property ownership, encapsulating a property’s history and confirming its rightful owner. Every property’s title deeds are meticulously maintained by the Department of Lands and Surveys in each City of Cyprus, serving as irrefutable proof of ownership. These documents are comprehensive,...Read More

Introduction: Cyprus has introduced a revised VAT scheme for primary residences in 2023, aimed at boosting homeownership. While the reduced VAT rate for primary residences remains at 5%, significant changes have been made to the criteria governing this tax scheme. In this article, we’ll delve into the new criteria and what they mean for property...Read More

Συνιδιοκτησία σε Ιδανικές μερίδες: Τι πρέπει να γνωρίζετε; Οι συνιδιοκτησίες σε ιδανικές μερίδες είναι πολύ συνηθισμένες στην Κύπρο. Συνήθως η συνιδιοκτησία σε ιδανικές μερίδες είναι αποτέλεσμα κληρονομικής διαδοχής όπου, οι κληρονόμοι, αντί να συμφωνήσουν στην μεταξύ τους διανομή της ακίνητης ιδιοκτησίας εγγράφονται ως συγκύριοι σε ιδανικές μερίδες της ίδιας ακίνητης ιδιοκτησίας. Αυτό πολλές φορές το...Read More

Being an Illegal Real Estate Agent is a Criminal Offense According to Law N. 71(Ⅰ)/2010.   In Cyprus, the profession of a Real Estate Agent is highly regulated and institutionalized through Law N. 71(Ⅰ)/2010. A Licensed Real Estate Agent is someone, who at the material time holds a valid license issued under Article 17 and...Read More

What is CySEC and what does it do? The Cyprus Securities and Exchange Commission (CySEC) is the independent public authority responsible for the supervision of the investment services market, the collective investment and asset management sector, and the crypto-asset activities conducted in and out of the Republic of Cyprus. CySEC’s vision is to establish the...Read More