We specialize in the consultation on real estate and selling real estate in Cyprus. We also offer our valued clients an individual approach and the most comprehensive range of services in real estate. Starting with villas built to your individual order, and ending with new flats and apartments, maisonettes, secondary real estate market, real estate near the golf courses of higher grade, and major investment projects for corporate clients.
We are proud that we work directly with most major construction companies in Cyprus, which enables us to diversify our offer. In addition, we have an extensive database of real estate in the secondary market, so here you can choose the optimal variant of a property in Cyprus to suit your needs and wishes. We are very serious about the choice of partner companies and carefully form the basis of our facilities. All companies with whom we work, have long been working in Cyprus. Their reputation is confirmed by long experience and high quality services. Database objects of our company is very diverse and is not standard, because we work with companies builders, and real estate agencies. The buyer can be found on our website as much information about the objects from different areas, with prices, photos, plans, and detailed information for each facility.
Range of services we provide:
-Advice on the purchase of foreign real estate
-Search and selection of listings
-Organization of trips and exploring the real estate
Our company will be glad to help you select an object, as well as assist in preparing documents and organizing the tour to the selected country. Once an object is selected, the opportunity to see it yourself can make a final decision.
-Airport pick-up
-Reservation of apartments, bungalows, villas or hotel rooms (the customer's choice)
-Legal support of transactions
And consulting services on real estate in Cyprus
-Assistance in adaptation: utilities, repairs, purchase of furniture, household appliances, car related products, etc.
-Aid in the design of insurance
-Assistance in opening bank accounts and receiving cards
- Registration of a mortgage bank loan for the purchase or construction of real estate
-Legalisation of business, opening and management of companies
It is easy to understand what causes many incline to give preference to this sunny island for a vacation: a great climate, wonderful beaches and excellent accommodation, all these components merge together and make an excellent holiday in an unforgettable event.But what compels people to sell their homes to collect belongings and shipped to this country for permanent residence? Every new resident of the island can share their own arguments why the choice was made in favor of Cyprus, but there are many common explanations, namely:
• Extremely low crime rate, and even the crime that exists, is limited to 3.2 tourist areas.
• Effective in Cyprus the European system of public administration and business practices, through which many newcomers feel at home here.
• Excellent low-cost advanced telecommunications system of the local international communication.
• The tax system with a lot of benefits (the lowest taxes in Europe) for foreign citizens who buy or build a house in Cyprus, the island has turned into the most attractive European "tax havens".
• Ease of communication (almost 85% of the population is fluent in English, in large quantities in Cyprus are Russian-speaking residents in connection with which many restaurants and shops operate Russian-speaking staff). Friendly, welcoming demeanor Cypriots - one local advantage.
• High standard of living at relatively low prices (Cyprus takes place 3 on the standard of living among the Mediterranean Sea).
• Cyprus enters the euro zone.
• Simple and efficient system of cadastral registration of land, guaranteed protection of property rights - all this provides tremendous advantages. Owner of property rights is protected by the Cyprus government and the judiciary.
• Low cost of real estate acquisition in comparison with other countries such as France, Spain, Portugal, while tax credits and deductions of capital income, taking into account living expenses to help reduce the capital gains tax at the rate of 20% to its lowest level in case of resale property.
• Acquisition of property gives the right to apply for a permit for permanent residence, and after 5 years - on citizenship.
• Purchase of real estate gives foreign citizens the right to obtain permanent resident status (in contrast to other European countries).
Such benefits are not inherent to other countries such as Spain, Portugal, etc. In Cyprus, the foreign buyer may acquire the land (the area up to 4000m2) and build on it a home for permanent residence or an annual vacation, or buy a ready home.
Acquired property can not be used for commercial purposes without the permission of authorized bodies (but to take shelter in the lease allowed). In this case, international companies can acquire office space and other manufacturing facilities of unlimited size, provided that they use solely for the purpose of the enterprise.
It is expected that the Cypriot property market is bound to benefit from ongoing projects, including, for example, the construction of the golf complexes (the creation of three of them have already been completed, another 13 are under development), three new marina (the construction should be completed within three years ), discusses the construction of 2.1 urovnya.Nedvizhimost casino highest in coastal areas of Cyprus is still worth about 30% cheaper than comparable facilities in the resorts of Spain and Portugal, so that the real estate operations in the foreseeable future promise good pribyl.Otvet question about where exactly to buy property in Cyprus is largely dependent on personal taste and preferences.
Opportunity to earn extra income from property
Cyprus - it is a tourist country. Moreover, the tourist season there lasts from April to November. Not so easy as it seems at first glance, to remove property (apartment or villa) in Cyprus, and in the tourist season - it's even harder. Therefore, real estate, acquired in our company, will work for you.
Buying a home, you do not just invest their money safely, but you can get real income from rental housing.
You can take your property in Cyprus as a short-term rental (six months) and long-term (a year or two) in which we can help you.
The cost of land in Cyprus is constantly increasing. This is understandable and predictable. More and more people want to live in this convenient, secure and comfortable state. Our company offers only the projects on highly liquid lands. If necessary, we will help you sell your property in Cyprus without losing its value.
Buying property in Cyprus is governed by the acquisition of real estate by foreigners
Namely - Article 109 of the Laws of Cyprus. The term refers to all persons not having citizenship of Cyprus. The category also includes foreign entities - foreign companies registered outside Cyprus, the Cypriot foreign companies or companies managed and controlled by foreigners. By the latter means that foreigners owned more than 50% of the shares.
By law, a foreigner may be allowed to buy property to live or do business. Allowed to buy for personal use or as a roommate, or one plot of land for construction, or one house at a site not exceeding 3 donums (43200 square feet = 4,012 square meters).
Buying real estate for business purposes (investments in industry or tourism) and for the production is allowed only when the acquisition and investment can be considered beneficial for the development of the Cypriot economy.
Acquisition of real estate by foreigners in Cyprus is feasible with the permission of the Council of Ministers. However, such permission is available to any paying customer.
Legal protection of foreign investments, including real estate, is ensured by international agreements that were signed and ratified by the Republic of Cyprus (for example, which was ratified by Law number 64 of 1966 as part of the domestic legislation of Cyprus).
The procedure for purchasing property
The choice of the property.
Choose a property according to your taste, we advise you on the island. Especially if you have not been to Cyprus and understanding of the country were from television and classical literature. Although, I must say that among our customers have been very busy and trusting people who bought the item. So, you're flying to the island, you meet a company representative, and conscientiously demonstrates everything that the company has. To read the sentences mean the Cyprus company is usually only one or two days. Assume that you have chosen a plot of land, house or apartment, you're willing to buy. If you buy a building plot or a house must make sure that there are no barriers to entry into possession, and license for construction site is guaranteed by government agencies.
Signing contract
Once an object is selected you sign a contract of sale with clear identification of the property and payment terms. The contract must be marked on your plot plan, apartment floor plan, parking lot and other items that you purchase the contract. Terms of payment you will stipulate to the President. You must remember that the contract you will have to do so, get yourself acceptable to conditions. In our experience, the Cypriot side is ready to go meet a client.
Obtaining prior approval from the Committee of Ministers
To obtain prior approval from the Committee of Ministers (the Council of Ministers Permit) for the purchase of real estate buyer must prepare and submit the following documents:
-Application to the Council of Ministers (Ministerial Committee);
-Copy of passport (the date of issue, nationality, expiry date).
Confirmation of prior authorization
Confirmation of prior authorization (Specific Performance) from the Department of Registration of land holdings (Land Registry) for the purchase prroishodit after reviewing legal documents and verification of title to sell real estate for sale, lease, mortgage, easements and other restrictions on its use.
Payment of stamp duty
Payment of stamp duty (Stamp Duties) - for the legalization of buying real estate in the Department of Internal Taxes (Inland Revenue Department). Fee is paid once no later than 1 month from the date of signing the sales contract
Registration of the contract in the Land Commission
Documents filed in the District Land Commission (District Land Office) not later than 2 months from the date of signing the contract to the roster of ownership and implementation of the lock from the disposal of your property without your knowledge. This is done for the registration of the contract, such a procedure is done to protect the interests of the buyer. On the contract is stamped, and thus it is registered at the Land House. This ensures and confirms the ownership of the buyer until such time until a separate title to the property and will not be complete transfer of ownership. This ensures the impossibility of the sale, purchase, lease, mortgage of property without the knowledge of the buyer.
Completion of Settlement with the Seller of real estate.
After full payment under the contract by the buyer to the seller is a definitive resolution of the Cabinet of Ministers to purchase real estate.
The title
For the final transfer of property and obtaining title to an alien requires an application for discharge into the regional land ward, the presence of both parties (representatives) of, receipt for payment of registration fees and taxes on registration of property. Attached to the application the following documents:
-Copy of the authorization of the Council of Ministers;
Certificate obtained from the Central Bank;
Accounts, confirming the payment of all taxes on the purchase and registration of ownership;
And registration certificate of real estate.
The procedure is very simple. And it should be noted that if you're dealing with a major construction company, all legal issues relating to the registration of property, payment of fees and taxes, as well as further exploitation of real estate shall be settled by the company. You do not have to fill the paper and walk around the office.
The only addition to the above procedure would be to use a bank loan when buying property.
 Additional costs Stamp Duty: (if the property is framed by one person)
Up to 171.000 Euro - 0,15% (257 euro)
More than 171.000 euros - 0,20%
At the time of transfer of ownership and property registration in the name of the buyer, must pay a "tax on registration of property rights":
Title: (if the property is framed by one person)
Up to 85.000 euro - 3% (2550 Euros)
From 85.000 euro to 171.000 euro - 5% (4300evro)
From 171.000 euros and above - 8%
This tax is paid by the buyer one time (usually within 2-4 years after purchase)
VAT is applicable and currently stands at 15% .0 All sales prices include VAT.
Gain on sale of real estate, as well as shares of the company owning real estate is taxed on capital gains.Tax rate - 20% of the profits. The said profit is the difference between the value of property increased by the amount of inflation from the date of purchase to the date of sale.
Cyprus is famous for its extremely soft tax system. For example, the Government of Cyprus signed a contract with a large number of countries on avoidance of double taxation. A list of these countries include: Austria, Britain, Bulgaria, Hungary, Germany, Greece, Denmark, Ireland, Italy, Canada, China, Kuwait, Norway, Poland, Russia, Romania, Slovakia, USA, France, Czech Republic, Sweden and Yugoslavia. Are currently being similar talks with Belgium, Egypt, Malta, Syria, Finland and other EU countries. The main objective of these bilateral treaties - to avoid the need to pay income taxes in two countries. For example, a British citizen can take advantage of this agreement existing between the two governments. This means that getting a pension or investing in a company in Cyprus, he pays taxes in Cyprus, thus reducing them, because they are higher in the UK. Most taxes in Cyprus is much lower than in many other countries, including, as in Spain, which also offers a wide choice of properties. The latest tax reform is extremely reduced the fees charged to the taxpayers. For more details you can learn about specific taxes in the relevant sections of the site and contact our office for advice.  Expenditure on the Estate
After the transfer of property to the buyer must:
- Insure your property:
- In addition, the owner pays the council tax (garbage collection, street lighting) - around 170 euros per year.
- Utility payments cover the cost of maintenance of communal areas in the house, ie, gardens, pools, etc. They vary from the complex, but on average ranges from 200 to 1200 euros per year. Bills for water and electricity are paid the relevant organizations at the end of a specified period during the year.
With the death of the owners takes the law of inheritance. Taxes are not paid if the landlord was a permanent resident of another country.
There is a real estate tax, which is imposed on the property's market value and is calculated as of January 1 of each year. The tax is paid by both private and corporate owners of the property as follows:
Annual tax: (if the property is framed by one person)
Up to 171.000 Euro - 0%
From 171.000 euros to 427,000 euros - 0,25% (1068 Euros)
From 427,000 euros to 854,000 euros - 0,35% (2990 Euros)
From 854,000 euros and above - 0.40%
The following is exempt from income tax:
• Foreign currency transferred to Cyprus as a result of salary regardless of Cyprus - the entire amount.
• Bank interest received in Cyprus from placement of foreign capital into the Bank of Cyprus - the entire amount.
• Profits transferred to Cyprus through the provision of professional services abroad (60% of total profits).
• Profits or dividends transferred to Cyprus as a result of any business outside Cyprus *** under certain conditions (90% of the total profits or dividends).
• a lump sum received by retirement benefits in the event of death or herbs (whole amount).
Income from pensions to be taxable at a rate of only 4% .0
Banks. Credits. If you are going to buy a property in Cyprus, you need to open an account with one of the local Cypriot banks.This is necessary, first, to list your deposit to pay for the property and, secondly, the account will you need for decorating your property and to pay costs for the use of telephone, water, electricity, to list the loans.
On the island are the following domestic and foreign banks:
CYPRUS POPULAR BANK
BANK OF CYPRUS
HELLENIC BANK
NATIONAL BANK OF GREECE
ARAB BANK
It should be noted that nerizenty Cyprus may open bank accounts in any foreign currency and local currency without any restrictions.
Mortgage terms for foreigners in Cyprus are among the most privileged. Russian can get credit at 4-5% pa (floating rate) for up to 30 years for buying new developments and resale properties worth up to 70-80% of real estate. The procedure for approval of the loan is not complicated. With the assistance of our experts you are guaranteed approval of a mortgage from a Cyprus bank to buy you a pleasing object.
Payment of interest on the loan comes from the start of construction of your property and depends on its construction, and You agree to the Bank the construction phase, respectively, and the amount of the loan, which accrue interest.
Opening a bank account
Opening your bank account in EUR and CYP to make payments to the seller of real estate. Payment of the Cyprus real estate must be paid in foreign currency. Just accepted wire transfers and checks. To open an account must: apply for a bank in the prescribed form:
-Have a guarantee of solvency;
-Get the permission of the Central Bank of Cyprus to open an account.
To obtain a loan neobhdimo submit the following documents:
1.Kopiya passport (page with photograph and personal information)
2.Pismo - rekmendatsiya of the applicant bank
3.Svidetelstvo of income (copy of the salary for the last 3 months / or a copy of the tax certificate of last year / or a certificate from an accountant or employer stating annual income / or the company's financial documents for the last 3 years)
4.Kopii statement on the personal account in a bank for the last 6 months
5.Kopiya Contract Sales
6.Kopii platezhek (pay the first installment)
7.Dva utility bills with place of residence
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Buying property - Cyprus