Since 2020, more than 93 thousand foreign residents live in Cyprus annually. Cyprus ranks 4th among EU countries in terms of the number of residence permits issued.The country provides more than 15 types of residence permits: most often the status is obtained for employment, study and family reunification. Residence permit status must be renewed every year.Including residence permit: Reason for moving:...

Cyprus is the third largest island in the Mediterranean Sea, very sunny and picturesque. An island with a big heart that welcomes its guests and welcomes them as its friends. It is located in the warmest part of the sea - the eastern part, where the swimming season lasts longer than at other resorts - from May to November.Wonderful Mediterranean climate, amazingly clean beaches and warm sea, rich...

In this article, we will discuss both VAT on property and Transfer Fees in Cyprus using simple examples.When acquiring a new property in Cyprus, it is important to note that it is subject to Value Added Tax (VAT).However, if the property is a resale (secondary market) or if its planning permit was issued before May 1st, 2004, it is exempt from VAT and instead subjected to a different tax known as the...

Paphos is not only the jewel of Cyprus, rich in history and culture, but also an attractive place to live thanks to its unique combination of natural beauty, modern amenities and a favorable climate. The choice of area to live in Paphos can vary greatly depending on personal preferences, budget and investment goals. In this article we will look at several areas of Paphos that attract both local...