Understanding currency in Cyprus
When planning a trip to Cyprus, one crucial consideration is understanding the local currency. This guide provides an in-depth look at the currency in Cyprus, including its name, where to buy it, and tips for exchanging currency. Whether visiting the Greek Cypriot south or the Turkish Cypriot north, this article covers you.
Stamp Duty in Cyprus in 2024
The Cyprus Stamp Duty Law is a critical piece of legislation that governs the tax levied on legal documents, typically associated with the transfer of assets or the creation of contractual obligations. It is a direct tax that applies to various documents, including agreements, contracts, receipts, and property transfers.
Cyprus Property Market in February: Positive Outlook for the Year 2024
In February 2024, the total volume of property transactions reached 1,543, surpassing the number recorded in the preceding two years. The number of registered transactions increased by 14.6% compared to February 2023.
How to buy and sell a business in Cyprus for non-residents?
Cyprus, with its strategic location, favorable tax regime, and robust legal framework, has become a magnet for international investors looking to buy or sell businesses. This guide aims to unravel the complexities of buying a business in Cyprus and selling a business in Cyprus for non-residents, ensuring a smooth transition for those looking to venture into the Cypriot market.
Languages in Cyprus: a tapestry of cultural and linguistic diversity
Cyprus, an enchanting island nestled in the heart of the Mediterranean Sea, is renowned not only for its breathtaking natural landscapes and rich historical heritage but also for its diverse linguistic landscape.
How to take pets to Cyprus: a comprehensive guide
Transporting pets to Cyprus involves navigating a series of regulations and preparations to ensure the safety and comfort of your animal companions during the move. Whether you're relocating permanently or planning a lengthy stay, understanding the Cypriot requirements for pet importation is crucial. This guide provides a detailed overview, covering everything from pre-travel preparations to adjusting to life in Cyprus with your pets.
Cyprus Property Market – January 2024: the positive trend continues
In January 2024, the total volume of property transactions reached 1327, surpassing the number recorded in the preceding two years. The number of registered transactions increased by 13% compared to January 2023.
Cyprus property investment for foreigners in 2024
Cyprus is a popular destination for investment, relocation, and leisure due to its beauty, rich history, and excellent resort infrastructure. This article will explain why an increasing number of investors are opting to purchase property on the island, discuss the benefits of real estate investment in Cyprus, and showcase the available investment properties.
Cyprus Property Market Report: Non-EU Residents Drive Strong Demand for Real Estate in December 2023
In December 2023, the total volume of property transactions reached 2,074, an all-time high in 2 years of observations. The number of registered transactions increased by 17% compared to November 2023 and by 10% year-on-year.
Cyprus Property Market Report: Foreign Buyers Surge in late 2023
In November 2023, the total volume of property transactions reached 1,768, showing an increase of 19% over the same month last year (1,484 transactions). The number of transactions remained virtually unchanged compared to October 2023 with an increase of 1.7%.
From renting to permanent residence: a Tranio client's story of buying an apartment in Cyprus
Andrey, an entrepreneur from Moscow, enlisted the Tranio team's help to find an apartment for long-term rental in Cyprus. However, his aspirations evolved into purchasing an apartment for permanent residence for his entire family. In this article, we will delve into Andrey's first overseas property purchase and explore the key factors that influenced his choice of apartments in Larnaca for investment and personal residence.
Russian-speaking buyers of overseas real estate – 2023
As of the beginning of 2023, the activity of Russian-speaking property buyers in various foreign countries has more than doubled compared to activity levels at the beginning of 2022.
Statistics: In 2022, Russians bought up thousands of apartments in Turkey, Georgia, and Dubai
The authorities of Turkey and Georgia reported a record number of real estate deals concluded by Russians in these countries during the 12 and 9 months of 2022, respectively. The high activity of buyers from Russia was noted by official sources from Thailand and Spain based on the data on registration of ownership rights in 2022.
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Transnational real estate investment: 2021 year-end results of Tranio’s survey
Cross-border property investors ramped up to or surpassed the pre-COVID-19 level of activity in most countries by the end of 2021.
How to get Cyprus citizenship by investment in 2024
Since 2018, the Cypriot authorities approve no more than 700 applications for investment-based citizenship per year. Moreover, in 2017, 1,013 individuals became the country's nationals. The demand for Cypriot citizenship is high. Learn why it is so and how it can be obtained, reading this article.