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Fredda Leonida

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How to purchase property in Cyprus & what taxes are relevant The sort of property and its situation can also be an important consideration. Buying to renovate or construct a new property calls for careful pre planning. Planning consent and constructing approval might be required. You will want the recommendation of an expert, an architect or surveyor.

Have a profitable shopping trip with Cyprus Butterfly! In reality, the demand for this passport has attracted investments worth more than €4 billion. You can nevertheless hire your property on a long run basis to residents of Cyprus. Note that even if you obtain your rents abroad, you'll nonetheless be taxed in Cyprus on the income you obtain from renting out your property. Cypriot legal entities controlled by EU nationals in another country DO need permission from the Council of Ministers to buy any property or legal entity. EU legal entities with their headquarters in Cyprus who have registered their offices in Cyprus, do NOT want permission to acquire actual estate. Comfortable apartment with a terrace and a sea view in a house with a swimming pool, Larnaca, Cyprus A variety of individually designed villas right next to the seashore can be found for purchase from Leptos Estates - Cyprus’ Leading Property Developers since 1960. Seafront and beachfront properties for sale in Cyprus.

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