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Cypriot Passport Acquisition and Permanent Residence Permit
Repossession Property Yield Properties

Latest news

  • 27 December 2017 Приобретение земли и собственности на Кипре: что нужно знать

    – Недвижимость, приобретаемую на Кипре,... read more

  • 27 December 2017 На Кипре построят новые высотные здания

    На Кипре построят новые высотные здания read more

  • 12 December 2017 November property sales up 39 percent

    Property sales in Cyprus rose 39 per cent in November compared with November... read more

  • 6 November 2017 Parliament approves bill on building land

    The new bill imposing VAT on building land has been approved by parliament... read more

  • 13 October 2017 What is the VAT settlement on plots Applies from 2018

    19% VAT is limited to the purchase and sale of undeveloped land that will be... read more

Cypriot Passport Acquisition and Permanent Residence Permit
Repossession Property Yield Properties

Latest news

  • 27 December 2017 Приобретение земли и собственности на Кипре: что нужно знать

    – Недвижимость, приобретаемую на Кипре,... read more

  • 27 December 2017 На Кипре построят новые высотные здания

    На Кипре построят новые высотные здания read more

  • 12 December 2017 November property sales up 39 percent

    Property sales in Cyprus rose 39 per cent in November compared with November... read more

  • 6 November 2017 Parliament approves bill on building land

    The new bill imposing VAT on building land has been approved by parliament... read more

  • 13 October 2017 What is the VAT settlement on plots Applies from 2018

    19% VAT is limited to the purchase and sale of undeveloped land that will be... read more

Fees for the deposit of a sales contract in the Land registry office

Deposit of the sales contract is needed in order for the purchaser to exercise the right of Specific performance against the seller and benefit from the property tax exemptions. The purchaser has the right to deposit the sales contract within 6 months after signing of the contract of sale is may be the most important for the protection of his legal rights on the specific property.

 The sales contract must be stamped within 30 days after signing. After this period a small penalty is imposed. The contract stamp fees are 1.5‰ for values up to €170.860 and 2.0‰ for values more.