European Citizens are free to enter, work, live in Cyprus and also have the same opportunities in any educational institute in Cyprus. For less than three months staying in Cyprus, the only thing needed is a valid passport not expiring in less than six months. Within four months from the date of arrival, the European […]
Once you have purchased a property in Cyprus, one of the most important things that you need to do is to ensure that you make a Cyprus Will. The laws of succession in Cyprus differ from the Laws of succession worldwide, therefore to ensure that your estate in Cyprus passes to your beneficiaries according to […]
Cyprus is known as the island of Aphrodite, the Goddess of Beauty& Love. The island is the perfect destination not only for holidays but also for planning there the wedding of your dreams! Sunny weather, amazing climate, luxury venues and romantic beaches combines everything a couple could dream. Weddings in Cyprus are getting a very […]
As you know, Cyprus is a small island, because of this, Cyprus has very limited to the number of utility suppliers it has for its customers. As an owner of Cyprus property, you will need to arrange a connection to utilities once you take delivery of the property. Electricity is solely supplied by the electricity […]
If you are buying or selling a car in Cyprus, in order to buy, or sell this to the new owner, you need to arrange the transfer of ownership document. In order to transfer the car to the new owner, the first thing is that the new owner needs to arrange insurance of the car […]
In Cyprus when you purchase your property, when your Cyprus Title deed is ready to be transferred into your name there is a strong possibility that you will need to pay title deed transfer fees. The fees for Cyprus Title deed transfers are proportional to the cost of the property and also determined by the […]
Except for the beautiful beaches and amazing views, friendly habitats and low criminal rate Cyprus also offers tax benefits for people who decide to reside in the inland. If you spend a minimum of 183 days during a year in Cyprus, you can be considered as a Cyprus tax resident. Some of the main tax […]
Kouzalis LLC notes that contribute to the social insurance and relevant funds is mandatory under the existing Cypriot Legislation. In case of employees, there is a total of 20.3% contribution calculated on the employee’s gross emoluments, of which 12% is payable by the employer (employers contribution) and 8.3% is withheld from each employee’s gross emoluments […]
Once a new Cyprus property is purchased the purchasers can apply for a reduced Vat rate of 5% instead of the current rate of 19% under certain conditions and requirements: The reduced VAT of 5% only applies to: Individuals, not Companies The Cyprus Property must be the applicant’s exclusive main Residence in Cyprus and must […]
Cyprus is one of the most attractive islands worldwide. The amazing awarded beaches, the panoramic mountain of Troodos, the cosy small villages and the developed cities turned the island into one of the biggest tourist destinations. For tourists who love the beach, Protaras is one of the most famous destinations. The crystal waters and the […]