Cyprus Immigration News
Cyprus: immigration policy, education, living, property and more.
Remarkable Increase! The Latest Cyprus Property Price Index Released
The booming trend of buying property for immigration in Europe has drawn increasing attention from investors to Cyprus, primarily due to the immigration policy that allows the entire family to quickly obtain EU passports through property purchase, as well as the positive economic development of the country. It is well known that purchasing property is essential to obtain Cypriot status, but how much do you know about the Cyprus real estate market? What is the current state of the Cyprus real estate market? Let’s find out…
10-Country Passport Consultation Week: A Cyprus EU Passport Gives You Added Strength
With the growing popularity of needs such as global asset allocation, global mobility, children's education, wealth inheritance, and risk mitigation, the desire among wealthy individuals worldwide to hold a third-country passport continues to rise. Against this backdrop, and in response to requests from numerous investors, WorldWay Group has launched the '10-Country Passport Consultation Week' event, featuring Turkey, Moldova, Cyprus, Malta, St. Kitts and Nevis, Dominica, St. Lucia,...
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Top 10 Reasons Why Investment Immigration to Cyprus Is Becoming Increasingly Popular
In recent years, with the recovery of the European economy, more and more investors have turned their attention to European countries. In particular, countries in Europe that implement property-based immigration programs are highly favored by international investors. Among them, Cyprus—the jewel of the Mediterranean, the birthplace of Aphrodite, and a world-famous tourist destination—is especially popular with investors. Let us explore the top ten reasons for investment immigration to Cyprus...
New Investment Citizenship Policy Drives Cyprus Real Estate Sales to an 11-Year High
In recent years, with the European economic recovery, investment-based immigration through real estate purchase has attracted increasing attention from investors. Among the many European countries offering such programs, Cyprus is highly sought after by investors due to its unique geographical location and the benefit of obtaining a high-value EU passport through property investment; this, in turn, has fueled a boom in the Cypriot real estate market.
The Final Deadline for EU Citizens to Move to the UK: June 30, 2021
As a member of the European Union, Cyprus allows its citizens to easily relocate to the United Kingdom. Through the Cyprus Investment Programme, by donating €150,000 and investing at least €2 million in real estate, your family can obtain a Cyprus EU passport for three generations in a short period, making it easy to apply for residency in the UK.
What Should You Pay Attention to When Buying Property in Cyprus?
Upon arriving in Cyprus, new immigrants are certainly unfamiliar with the area, so there are several points to consider when purchasing property: it is essential to have a real estate agent and to be aware of market trends, and to pay certain service fees to real estate agents and lawyers when signing various property contracts.
What is the rental income tax on Cyprus property?
Rental income is subject to income tax, with a 20% deduction from the gross rental amount allowed for income-generating expenses. Taxable rental income is calculated as the gross rental amount minus 20% of the total rental income.
What is the payment process for purchasing real estate in Cyprus?
If you are purchasing a second-hand property in Cyprus that is ready for occupancy, you will need to make payment according to the price negotiated with the seller. This may involve full payment or a deposit of 10% of the sale price, with the balance typically due within one month.
What Are the Property Taxes in Cyprus? A Detailed Guide to Daily Holding Costs
For property owners who purchased real estate after January 1, 2017, a tax of 20% is levied on the capital gains from the sale of the property. Costs arising from property transactions, such as Value Added Tax (VAT), transfer fees, and stamp duty, are borne by the buyer.
What are the prospects for real estate investment in Cyprus in 2019?
Real estate investment immigration in Cyprus is favored by many investors. As more people begin to learn about Cyprus, its local economic development, application thresholds, and various other advantages, they are better able to judge whether to invest in property there. Regarding the feasibility of investing in Cyprus real estate, senior property experts provide the following insights.
How much is the property price per square meter in Cyprus? Let's take a look at the housing prices in these cities
It is well known that purchasing property is essential for obtaining Cyprus residency, yet many people are unfamiliar with the state of the Cyprus real estate market. Let's take a look at the current property prices per square meter in Cyprus.