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 […]
In order for your Cyprus Lawyer to be able to legally represent you in relation to your Cyprus Property / Cyprus Investment, you need to legally appoint a lawyer in Cyprus with a power of attorney. A power of attorney is a legal document which states what you authorize your Cyprus Lawyer to do on […]
G.Kouzalis LLC notes that through naturalisation by exception, Cyprus offers a very attractive Investment Scheme for obtaining Cyprus Citizenship. The investment could be in Cyprus properties, participation in Alternative Investment Funds and Registered Alternative Investment Funds and participation in Cyprus companies. An investor who invests in properties has the right to apply for his Cyprus […]
Once you have registered your company in Cyprus it is important that you engage the appropriate companies/individuals and complete the appropriate registrations required to be able to legally operate your company in Cyprus. If you are interested in registering a company in Cyprus your lawyer in Cyprus can assist you in arranging the registration. They […]
When you decide to invest in a Cyprus property or sell your property in Cyprus you do not need to be in Cyprus to sign all the Purchase and/or sale documents needed. A power of attorney can be prepared with all the legal points needed and your representative can be whoever you like. If you […]