Knowledge

Procedure for granding immigration permit for third country nationals

MINISTRY OF INTERIOR ANNOUNCEMENT New and accelerated procedure for granting Immigration Permit to applicants who are third country nationals and intent to invest in the Republic of Cyprus  1. According to the provisions of Regulation 6(2) of the Aliens and Immigration Regulations, the Minister of the Interior decided to issue Immigration Permit to applicants, who …

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Taxation of immovable property

CAPITAL GAINS TAX Capital Gains Tax It is imposed on gains from disposal of immovable property within Cyprus, including shares of companies not listed on a recognized Stock Exchange which own immovable property situated in the country, at the rate of 20%. In computing the capital gain the value of the immovable property as at …

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The Rent Control Law (1983)

Tenancy agreements under the Rent Control Law The Rent Control Law (1983) applies to tenancies of residential or business premises which lie within the areas controlled by the Rent Control Law, so called “Rent Controlled Areas”. Rent Controlled Areas comprise of premises located within all major municipalities of Cyprus. For a tenant to become a …

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