All Cyprus tax resident individuals are taxed on all chargeable income accrued or derived from all sources in Cyprus and abroad. Individuals who are not tax residents of Cyprus are taxed on certain income accrued or derived from sources in Cyprus.
The legislation provides for the following four tax rates:
These are necessary in order to transfer FREEHOLD ownership to your name.
This can be done as soon as the relevant Government Authority has issued the title deed and the purchase has been settled.
The Property Transfer Fees are payable once only to the Land Registry Office according to the following scale