Legal Services

In close cooperation with trusted law firms we are offering a wide range of legal services.
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In close cooperation with trusted law firms we are offering a wide range  of a legal services according to the needs of our clients:

  • Appointment of Lawyer as your legal representative:Although not legally mandatory, it is highly recommended to appoint an independent lawyer.
  • Property Reservation: Your lawyer will review (or draft) contracts of sale, help with negotiations and ensure the contract is duly executed.
  • Property due diligence: Your lawyer carries out the necessary checks to confirm ownership and to verify the existence of a freely transferable title.
  • Property purchase and sale agreements: Negotiation of the Terms and Conditions.
  • Registration of the Sale Agreement with the Land Registry Office.
  • Application for a reduced VAT rate: A standard VAT rate of 19% applies to new properties. You are eligible to apply for a reduced VAT rate of 5% for a primary residence, subject to terms and conditions.
  • Council of Ministers application to acquire an immovable property in Cyprus. Applies only to non-EU citizens and must be done only prior to the title deed transfer.
  • Transfer of Title Deeds: Will be done once separate title deeds are ready, the buyer and seller present themselves at the Land Registry office to complete the transfer. If applicable, the buyer pays transfer fees.
  • Property taxation: We provide legal advice on property taxation, including stamp duty, capital gains tax, and VAT.
  • IMMOVABLE PROPERTY TAX

No immovable property tax. Abolished as of the 1st of January 2017.

  • MUNICIPALITY TAX

Calculated on the property value per the latest government valuation (currently 01/01/2018). Rates are set by the municipality and are typically between 0.1% and 0.2% p.a.

  • SEWERAGE TAX

Calculated on the property value per the latest government valuation (currently 01/01/2018). Rates are set by the local sewerage board and are typically between 0.05% and 0.3% p.a.

  • REFUSE COLLECTION FEE

Municipalities / local authorities charge a per annum fee for regular refuse collection. The fee depends on the size of the property and the municipality.

  • CAPITAL GAINS TAX

A capital gains tax of 20% is imposed on the profit gained from the property disposal.

  • Please note that the content of this document is meant to provide a general guideline only and does not constitute legal advice.

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