FAQ’S
This information
is provided as a brief guide only. While all details have been carefully
prepared and are believed to be correct, it is no substitute for professional
advice, which can be provided on request.
1.
How do I find a property in Cyprus?
Our property sourcing division can provide professional advice and assistance
in finding a range of properties from distinctive villas, maisonettes,
terraced townhouses, luxury mansions, countryside bungalows and village
cottages, seaside apartments, penthouses and commercial/retail premises
in Cyprus. For help click on [contact
us]
2.
What type of property and up to what size of land can I purchase?
Non-Cypriots are currently entitled to Freehold ownership of up to a
maximum of three donums [4014 square metres]
3.
Do I need to be present in Cyprus to complete the property purchase
transaction?
No. The person purchasing the property may attend in person, however,
if this should be inconvenient at the time the purchaser can appoint
a ‘Power of Attorney’ to act on their behalf.
4.
Can I get residency in Cyprus what are the requirements?
For residency and the changes that will take place when Cyprus joins
the EU
Click on [link
to PG Econamides]
5.
Can I work in Cyprus if so what is the procedure for a work permit?
For
complete information regarding work permits and company structures.
[Link to Totalserve Management]
6.
Can I get a mortgage for property in Cyprus through a Cypriot
bank?
Yes. For further information click on [Banking
and Finance]
7.
What happens if either a co-owner of the property should die?
In the event of an interstate death, the property does not automatically
pass to the co-owner. For more information regarding this matter click
on [Link
to Totalserve Management]
8.
What is the procedure to move my furniture and personal goods
to Cyprus?
[Moving to Cyprus]
9.
What fees do I incur when purchasing a property in Cyprus and are there
any hidden costs that I should be aware of?
For information on legal costs that you incur and should be made aware
of at the time of sale Click on [Taxes]
10.
Are there any other things I should do at the same time as I
buy a property?
You should protect your investment by insuring your property and contents.
[Buying in Cyprus]
11.
Is the property Freehold and does it come with Title Deed?
Checks and enquiries must be made to ascertain whether the property
has Title Deed and or when Title Deed will be issued.
12.
If I sell my property am I liable for any Capital Gains Tax?
[Link
to Totalserve Management]
13.
What personal taxes can I expect to pay
For further professional advice in respect personal taxes Click on Link
to [TOTALSERVE]
14.
Should I engage a Local Lawyer?
It is strongly recommended that you engage legal representation for
conveyancing purposes. Contact us for
further details
15.
What Health and Medical Services are Available?
See lifestyle section for useful telephone numbers and details regarding
Medical and Health services in Cyprus.
16.
What side of the road can I drive on and what driving documents do I
need?
You drive on the left the same side as England and can drive with an
English driving licence.
17.
What is the national language. Is English widely spoken in Cyprus?
Greek is the national language in Cyprus but English is widely spoken.
18. What
are the main tourism areas and attractions?
To find out about events and tourist attractions in Cyprus Link
to Cyprus Tourism Organisation.
