{"id":1025,"date":"2021-11-07T12:39:31","date_gmt":"2021-11-07T12:39:31","guid":{"rendered":"https:\/\/majestyre.com\/?page_id=1025"},"modified":"2022-09-02T12:03:17","modified_gmt":"2022-09-02T12:03:17","slug":"information","status":"publish","type":"page","link":"https:\/\/majestyre.com\/ru\/information\/","title":{"rendered":"\u0418\u041d\u0424\u041e\u0420\u041c\u0410\u0426\u0418\u042f"},"content":{"rendered":"\t\t
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Information<\/h1>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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About Cyprus<\/h4>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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Living in Cyprus means sharing the south, and accessible north sides, of the island with more than 1.2 million people, most of whom speak English.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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Tax Guide<\/h4>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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When selling property, the seller must pay 20% tax on profit (the difference between the purchase price and the sale price).<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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Home Buying Guide<\/h4>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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Buying property in Cyprus is a fairly simple and reliable procedure. The procedure can be complete within reasonable timeframes after signing the purchase agreement.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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About Cyprus<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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Living in Cyprus means sharing the south, and accessible north sides, of the island with more than 1.2 million people, most of whom speak English.\u00a0 Cyprus is a relatively small island with an area of 9,250 km, within this territory you can find many parks, beaches golf courses, museums, monuments, clubs, bars, restaurants, spas, whatever you want. Who wouldn\u2019t love more than 300 days of sun a year in a welcoming environment. Cyprus property is the adventure of meeting new people every season as tourism pours into the country.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t

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It is the freedom of travelling anywhere in the world, flexibility of travel. Moreover, buying Cyprus property, above all, is a wise strategic geographical investment into the future.\u00a0 Real estate in Cyprus is on a steady rise, additionally to that by 2020 the island will begin gas exports to Europe and by then real estate will be more expensive.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t

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\n\t\t\t\t\t\tArea (km2)\t\t\t\t\t<\/h4>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t
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\n\t\t\t\t\t\tPopulation\t\t\t\t\t<\/h4>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t
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\n\t\t\t\t\t\tDays of Sun\t\t\t\t\t<\/h4>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t
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\n\t\t\t\t\t\tParks\t\t\t\t\t<\/h4>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t
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\n\t\t\t\t\t\tGolf\t\t\t\t\t<\/h4>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t
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\n\t\t\t\t\t\tMuseums\t\t\t\t\t<\/h4>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t
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\n\t\t\t\t\t\tEng-speakers\t\t\t\t\t<\/h4>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t
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\n\t\t\t\t\t\tTourism Growth\t\t\t\t\t<\/h4>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t
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\n\t\t\t\t\t\tTourism 2016\t\t\t\t\t<\/h4>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t
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\n\t\t\t\n\t\t\t\t55\t\t\t<\/span>\n\t\t<\/div>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t

\n\t\t\t\t\t\tBeaches\t\t\t\t\t<\/h4>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t
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\n\t\t\t\n\t\t\t\t28\t\t\t<\/span>\n\t\t<\/div>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t

\n\t\t\t\t\t\tWater (May-Oct)\t\t\t\t\t<\/h4>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t
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\n\t\t\t\t\t\tAir (May-Oct)\t\t\t\t\t<\/h4>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t
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Tax Guide<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
\n\t\t\t\t
\n\t\t\t\t\t\t\t
\n\t\t\t\n\t\t\t\t\t\t<\/span>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
\n\t\t\t\t
\n\t\t\t\t\t

Transfer Fees<\/h4>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
\n\t\t\t\t\t\t
\n\t\t\t\t\t
\n\t\t\t
\n\t\t\t\t\t\t
\n\t\t\t\t
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Property Price<\/strong><\/p>

First \u20ac85.000<\/p>

\u20ac85.001 to \u20ac170.000<\/p>

Over \u20ac170.000<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t

\n\t\t\t
\n\t\t\t\t\t\t
\n\t\t\t\t
\n\t\t\t\t\t\t\t\t\t

Rate<\/strong><\/p>

3%<\/p>

5%<\/p>

8%<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t

\n\t\t\t\t
\n\t\t\t\t\t\t\t\t\t

A transfer of the property which is subject to VAT is\u00a0exempt from the above transfer fees.<\/em><\/p>

A transfer of the property which is\u00a0not subject<\/u>\u00a0to VAT will be eligible for a 50% exemption from the above transfer fees.<\/em><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

\n\t\t\t\t
\n\t\t\t\t\t

CAPITAL GAINS TAX<\/h4>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
\n\t\t\t\t
\n\t\t\t\t\t\t\t\t\t

When selling property, the seller must pay 20% tax on profit (the difference between the purchase price and the sale price).\u00a0 In some cases, a decrease in tax calculation may be possible, if the seller takes into account \u2013 loan servicing, the cost for renovation etc.\u00a0 Subject to certain conditions, properties acquired between July 16, 2015 and December 31, 2016 inclusive, are exempt from capital gains tax on future sales.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

\n\t\t\t\t
\n\t\t\t\t\t

ADDED VALUE TAX<\/h4>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
\n\t\t\t\t
\n\t\t\t\t\t\t\t\t\t

When buying new real estate from a developer, the buyer must pay 19% VAT.\u00a0 The same rate is applicable to undeveloped land, on which construction is planned.<\/p>

In transactions involving the purchase of new property from first \u2013time buyers the buyers have the right to apply for a reduced rate of VAT of 5% rather than 19%. The preferential rate of VAT applies to the first 200 sq. m of an object (area) the remaining area is subject to VAT at a rate of 19%. Property must be used for the purpose of permanent residence in Cyprus for a minimum of 10 years.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

\n\t\t\t\t
\n\t\t\t\t\t

STAMP DUTY<\/h4>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
\n\t\t\t\t
\n\t\t\t\t\t\t\t\t\t

It is calculated on the basis of the contract selling price.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

\n\t\t\t\t\t\t
\n\t\t\t\t\t
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\n\t\t\t\t\t\t\t\t\t

Value<\/strong><\/p>

First \u20ac5.000<\/p>

\u20ac5.001 to \u20ac170.000<\/p>

Over \u20ac170.000<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t

\n\t\t\t
\n\t\t\t\t\t\t
\n\t\t\t\t
\n\t\t\t\t\t\t\t\t\t

Rate<\/strong><\/p>

0%<\/p>

0.15%<\/p>

0.2%<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t

\n\t\t\t\t
\n\t\t\t\t\t

OTHER<\/h4>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
\n\t\t\t\t
\n\t\t\t\t\t\t\t\t\t

Once a year, property owners must pay the so-called municipal fee (garbage collection, repair and maintenance of streets, etc.).\u00a0 Each municipality calculates their fees separately based on the value of the facility in 2013.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

\n\t\t\t\t
\n\t\t\t\t\t

Home Buying Guide<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
\n\t\t\t\t
\n\t\t\t\t\t\t\t
\n\t\t\t\n\t\t\t\t\t\t<\/span>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
\n\t\t\t\t
\n\t\t\t\t\t\t\t\t\t

Buying property in Cyprus is a fairly simple and reliable procedure. The procedure can be complete within reasonable timeframes after signing the purchase agreement. Furthermore, for citizens of the European Union it is faster and without restriction.<\/p>

Citizens from countries that are not part of the European Union need permission from the Cyprus Council of Ministers. Such permits can be obtained personally or with the support of our company. Upon receiving this permission, it is possible to acquire property or a plot of land with a maximum area of up to 4041 sq.m.<\/p>

In Cyprus, there are two statuses for acquired property: freehold and lease-hold. In the case of a freehold purchase, you become a lifetime owner with the right to transfer real-estate by inheritance. In the case of a lease-hold purchase, you become the owner of real estate, but not the land on which this property is located; in other words, you lease the land for the period indicated in the contract.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

\n\t\t\t\t
\n\t\t\t\t\t
Process of Transaction<\/h5>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
\n\t\t\t\t
\n\t\t\t\t\t\t\t\t\t
  • Selecting the property.<\/li>
  • Depositing 1-2% of the purchased real-estate, in the case of apartments (approximately \u20ac2,000-5,000), in the case of private houses (approximately \u20ac7,000-10,000).<\/li>
  • Drafting a purchase agreement (typically 1-5 days).<\/li>
  • Signing the contract. (Accompanied by the second tranche payment of 30%).<\/li>
  • Payment of stamp duty to the Tax authorities and the submission of a written application to the Council of Ministers in Cyprus for the approval of purchase. The application is submitted along with a copy of the passport after the signing of the purchase agreement.<\/li>
  • Submitting the documents to the land registry no later than two months from the date of signing. This procedure is carried out in the interests of the buyer and guarantee protection from the resale of property. Registration confirms the ownership of property before an individual certificate of ownership is issued. The procedure is carried out by the developer.<\/li>
  • Once (100% of) all payments have been made, the buyer receives the final version of the certificate of ownership from the Cabinet of Ministers, pointing out that all payments are made via bank transfers.<\/li>
  • The buyer receipt of title and ownership happen after all necessary documents are provided: receipt of payment for the registration fee and property tax, a copy of the permission from the Council of Ministers and a certificate of accounts from the Central Bank \u2013 this paperwork ensures that the buyer has paid all registration fees and taxes.<\/li>
  • To receive the title both parties have to be present. Thereafter the deal is registered at the land registry and taxes about a week. The date of acceptance and transfer of real-estate is indicated in the purchase agreement. Once all these steps have been complete, you become the proud owner of real estate in Cyprus.<\/li><\/ul>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"

    Information About Cyprus Living in Cyprus means sharing the south, and accessible north sides, of the island with more than 1.2 million people, most of whom speak English. Read More Tax Guide When selling property, the seller must pay 20% tax on profit (the difference between the purchase price and the sale price). Read More […]<\/p>\n","protected":false},"author":1,"featured_media":1027,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"elementor_header_footer","meta":{"footnotes":""},"class_list":["post-1025","page","type-page","status-publish","has-post-thumbnail","hentry"],"yoast_head":"\nInformation - MAJESTY Real Estate<\/title>\n<meta name=\"description\" content=\"Living in Cyprus means sharing the south, and accessible north sides, of the island with more than 1.2 million people, most of whom speak English.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/majestyre.com\/ru\/information\/\" \/>\n<meta property=\"og:locale\" content=\"ru_RU\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Information - MAJESTY Real Estate\" \/>\n<meta property=\"og:description\" content=\"Living in Cyprus means sharing the south, and accessible north sides, of the island with more than 1.2 million people, most of whom speak English.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/majestyre.com\/ru\/information\/\" \/>\n<meta property=\"og:site_name\" content=\"MAJESTY Real Estate\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/majestycyprus\/\" \/>\n<meta property=\"article:modified_time\" content=\"2022-09-02T12:03:17+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/majestyre.com\/wp-content\/uploads\/2021\/11\/information.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1920\" \/>\n\t<meta property=\"og:image:height\" content=\"601\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"\u041f\u0440\u0438\u043c\u0435\u0440\u043d\u043e\u0435 \u0432\u0440\u0435\u043c\u044f \u0434\u043b\u044f \u0447\u0442\u0435\u043d\u0438\u044f\" \/>\n\t<meta name=\"twitter:data1\" content=\"8 \u043c\u0438\u043d\u0443\u0442\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/majestyre.com\/information\/\",\"url\":\"https:\/\/majestyre.com\/information\/\",\"name\":\"Information - 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