One of the most attractive aspects of investing in real estate in Cyprus is the opportunity to obtain Permanent Residency (PR)
Who is eligible for tax benefits when obtaining permanent residence in Cyprus?
Obtaining Permanent Residency through investments:
To do this, investors must purchase residential or commercial properties, shares in investment funds, or stocks of Cypriot companies. It's important to note that real estate can only be purchased from developers.
Value added tax (VAT):
When buying property in Cyprus, investors are required to pay Value Added Tax (VAT). There are two rates: a reduced rate of 5% and a standard rate of 19%.
The reduced rate is available only to buyers of residential property, provided two conditions are met: intending to use the property as their main and permanent place of residence, and the total area of the residential property does not exceed 190 square meters, with a value below 475,000 euros.
VAT rates:
The reduced rate of 5% applies to the first 130 square meters of property if their value does not exceed 350,000 euros. The standard rate of 19% applies to the remaining portion.
It's important to remember that after availing of the reduced rate, the property cannot be rented out or sold for 10 years. If this rule is violated, investors will have to pay the portion of VAT from which they were exempted.
Obtaining PR and VAT reduction:
To obtain PR in Cyprus, investors must purchase residential property worth at least 300,000 euros. However, investors are not prohibited from claiming a VAT reduction to 5% if the property meets all the conditions set for the reduced rate.
Investing in real estate in Cyprus is an attractive option for investors seeking PR and tax benefits. However, it's important to carefully study the conditions and requirements to comply with all necessary rules and get the maximum benefits from investments in Cyprus
Properties in Cyprus
€ 1 150 000
Commerce property, For sale
ID: CY-35-1-156780
Cyprus, Nicosia
€ 950 000
Commerce property, For sale
ID: CY-35-1-156647
Cyprus, Nicosia
€ 4 000 000
Commerce property, For sale
ID: CY-35-1-156646
Cyprus, Paphos, Paphos (center)
€ 840 000
Commerce property, For sale
ID: CY-35-1-155970
Cyprus, Limassol, Limassol Coastal road
€ 550 000
House, For sale
ID: CY-35-1-154250
Cyprus, Nicosia
€ 695 000
House, For sale
ID: CY-35-1-153574
Cyprus, Paphos, Paphos (center)
Special offers of real estate abroad
- € 3 300 000
- House, For sale
- ID: IT-39-168093
- Greece, Cyclades Isnads, Andros
WONDERFUL RENOVATED VILLA WITH SEA ACCESS - ANDROS (CYCLADES), GREECE
- € 1 150 000
- House, For sale
- ID: IT-39-129710
- Greece, Aegean Islands, Alonisos
Modern style villa for sale on Alonisos Island, Greece
- upon request
- House, For sale
- ID: LV-1529
- Latvia, Jurmala and region, Asari
Feel atmosphere of the Baltic sea resort! Private scandinavian style house for sale in Jurmala.
- € 3 350 000
- House, For sale
- ID: IT-39-129711
- Greece, Aegean Islands, Alonisos
For sale: two luxury villas with pool and land on the island of Alonisos - Greece
- € 33 540 000
- Penthouse, For sale
- ID: OW-OAE-165616
- UAE, Dubai, Dubai Marina
THREE LEVEL PENTHOUSE WITH STUNNING VIEWS IN DUBAI
- € 2 200 000
- House, For sale
- ID: IT-39-129702
- Greece, Aegean Islands, Alonisos
Seashore villa for sale with pool and garden - Alonissos, Greece
- € 2 800 000
- Mansion, castle, estate, For sale
- ID: IT-39-165406
- Italy, Toscana, Siena
FARMHOUSE WITH POSSIBILITY OF SPA CENTER IN VAL D'ORCIA
- upon request
- Apartment, For sale
- ID: LV-163139
- Latvia, Jurmala and region, Bulduri
Unique apartment at the sea side in Jurmala – worse to see.
- € 720 000
- Apartment, For sale
- ID: LV-163935
- Latvia, Riga, Centre
Luxury iving in a brand new premium townhouse overlooking a park with a pond in the very center of Riga
