Cyprus Real Estate Cyprus is a Mediterranean island known for its historical and cultural richness, beautiful beaches and warm climate. This beautiful island is an attractive destination for those who want to invest in property or own a second home. Cyprus real estate market offers a diverse range of properties, making it a prime destination for those seeking attractive investment opportunities or a dream...
How to obtain citizenship in Cyprus? Introduction to North Cyprus North Cyprus, officially the Turkish Republic of Northern Cyprus (TRNC), is a captivating Mediterranean territory located on the northern part of the island of Cyprus. While it is recognized only by Turkey, the region operates with its own democratic government, stable economy, and independent legal and property systems. The area is...
What tax will have to be paid when buying property on the secondary market in Cyprus, and how to correctly calculate this fee - let's consider in the article. There is a fundamental difference in tax charges between buying new property in Cyprus and acquiring secondary housing. When purchasing property that has not yet been registered, VAT will be included in the price of the property. VAT is not...
Special VAT when buying real estate in Cyprus How can individuals significantly save money when buying a house or apartment in Cyprus in 2024, and what conditions must be met? Let's take a detailed look. The price of new real estate properties in Cyprus includes value-added tax (VAT) charged at the standard rate of 19%. However, there is an opportunity to apply a reduced rate of 5% if the purchased...
You can still obtain Turkish citizenship by investing at least $400,000. Turkey updated the terms of the program on January 2, 2024, but did not raise the investment threshold. The citizenship application now needs to be submitted in person in Turkey. Under the new rules, the investor and their spouse must provide fingerprints and have their photos taken at the immigration office for the passport. The...
Tax residency is the status of an individual or a legal entity that determines in which country they have to pay taxes. In the case of Cyprus, there are two main ways to determine tax residency: The 183 days rule The 60 days rule The 183 days rule According to this rule, an individual is considered a tax resident of Cyprus if they spend more than 183 days on the island in a calendar year. The...
Residence permit in Northern Cyprus is one of the attractive options for foreigners who want to obtain the right to live and have comfortable living conditions on this beautiful island. For Russians, Belarusians, and Ukrainians, Northern Cyprus opens its doors within the visa-free regime. Upon entering the country, our compatriots receive a stamp in their passport, allowing them to stay in Cyprus for 1...
Northern Cyprus is a popular destination to obtain a residence permit, providing foreigners the opportunity to legally reside and work on the island. In 2023, there are two main ways to obtain a residence permit in Northern Cyprus: residency based on property and residency based on high income. The first step in obtaining a residence permit in Northern Cyprus is choosing a property. Uinvest Group...
Real estate is one of the most reliable and stable forms of investment. In recent years, more and more people have been turning their attention to property in Northern Cyprus. This region has numerous advantages that make it attractive to investors. In this article, we will explore some of them. Firstly, it is important to highlight the legal status of land in Northern Cyprus. Currently, all...
The international legal status of the lands in Northern Cyprus after the conflict in 1974 raises many questions for potential property buyers. The Turkish Republic of Northern Cyprus has not yet received recognition from the international community, and the situation regarding land rights there is quite ambiguous. Prior to the 1974 conflict and the subsequent division of the territory between Greek...