Internet access in Cyprus

Internet access in Cyprus

Internet access is available in Cyprus via ADSL, Dial-up and Wireless connections. It is now common for ISPs to offer bundle packages, combining telephone, internet and TV for competitive prices. Cyta (Cyprus Telecommunication Authority) and PrimeTel are the leading service providers on the island. However, competition is emerging from other sources. Cyprus Broadband ...
Discovering Cyprus by car

Discovering Cyprus by car

Cyprus has a very good road infrastructure and more road construction is still in progress or planned. However, the standard of driving is still quite poor. Many road signs, traffic lights and speed limits are ignored. Unfortunately, many foreigners adapt to this style of driving. The speed limits are 50 km/h (31 mph) in built up areas and a maximum of 80 km/h (50 mph) or 100 ...
How many estate agents should I use?

How many estate agents should I use?

When you sell your home, you have to decide how many estate agents you want to use. In particular, should you get one or more to work for you? What you decide will affect how much you pay in fees – and how much you get for your home! The basics  You can have one, two or more agents working for you. They can be: sole agent multiple agents Generally, the ...
Property Taxes in 2018

Property Taxes in 2018

RECENT changes to property taxes in Cyprus include the imposition of VAT on the sale of undeveloped building land intended for the construction of building(s) and changes to the VAT payable on the acquisition/construction of a property to be used as the purchaser’s primary and permanent residence. Here is a summary of the property-related taxes that apply as we enter 201...
VAT regulation for villas to let remains unclear

VAT regulation for villas to let remains unclear

There are many questions which are not answered by the new VAT authority regarding real estate. Residential lets are exempted from the 19% VAT charge, but then this directive goes on to say that if the landlord carries out a business activity, he is most likely responsible for charging it. The 19% VAT charge is high, but if villa/apartment owners let their units out as a busin...
Cyprus Records Its Highest Fiscal Surplus Since 2007

Cyprus Records Its Highest Fiscal Surplus Since 2007

Cyprus registered in 2017 a budget surplus of €360.7 million amounting to 1.9% of GDP, marking the highest surplus in the last decade. This is the highest surplus since 2007 when the surplus amounted to €505.According to preliminary results of the general government for 2017 published by the Cyprus Statistical Service, total expenditure rose by €311.6 million or...
Taxing Airbnb property rental income

Taxing Airbnb property rental income

The practice of renting properties in Cyprus through Airbnb and other websites has come under the scrutiny of the tax authorities who are looking to address the problem of tax evasion on rental income received.  APPROXIMATELY 20,000 properties in Cyprus are rented via Airbnb and other websites and although some owners are paying tax on the rental income they receive, othe...
Cypriot Economy Expected to Grow by 4.2% in 2018

Cypriot Economy Expected to Grow by 4.2% in 2018

Hellenic Bank estimates that the Cypriot economy will grow at a rate of 4.2% in 2018. Growth is expected to be supported by private consumption and investment and by an improving and robust labour market. Unemployment is expected to decline to 9.2% in 2018, while inflation to remain at relatively low levels, at around 0.5%. In its Economic Review, the Department of Economic Re...
6 costly mistakes to avoid when buying a property in Cyprus

6 costly mistakes to avoid when buying a property in Cyprus

Curious of mistakes to avoid when buying a property in Cyprus? Download our free guide here.  Looking for a property in Cyprus?  Speak with our professionals :   CLICK HERE   Or check our list of properties:  CLICK HERE     ...
Useful Telephones

Useful Telephones

USEFUL TELEPHONE CODES If you are calling from abroad, then you will have to press the code 00357 before the number you would like to contact.  First Aid / Police / Fire Station – 112 Hospital - 26 803 100 Pharmacies – 9090 1402 Information (Directory Enquiries) - 11892 Post Office - 26 306 221 Tourist Information Off...
The 64 Blue flag beaches in Cyprus

The 64 Blue flag beaches in Cyprus

Cyprus has ranked first in Europe for the ratio of beaches that received the “Blue Flag”, to the total number of beaches in the country, for the twelfth year in a row. 8 Cyprus beaches were awarded the Blue Flag for the first time in Cyprus, in 1995. In 2017, a total of 63 beaches and one marina have been awarded the Blue Flag. Ammochostos free are is the leading ...
Mistakes to Avoid when Buying a Property in Cyprus - Part 1

Mistakes to Avoid when Buying a Property in Cyprus - Part 1

USING AN UNREGISTERED & UNLICENSED ESTATE AGENT Just a decade ago, Cyprus was inundated with unlicensed agents taking part in illegal and illicit property deals. These days, the government has introduced a range of legislation to ensure that home buyers, sellers, and renters are properly protected. This led to the demand for licensed estate agents – with the obligat...
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