The property market throughout Cyprus is one of the fastest growing in the European Union and prices in some areas are increasing by an annual average of 20%. Cyprus economy is by strengthens and macroeconomic stability which is evidenced by the favorable evaluations and comments of the European Commission, the International Monetary Fund and other international organizations. Investors can take advantage of the relatively low level of taxation. Property prices are still lower than in many other European countri... [read more]

iGlobal Property's main target is to guide and help their buyers to find the best property in Cyprus available that matches their needs. iGlobal Property offers a wide range of services to their buyers and owners of property in Cyprus. Prompt and expert advice is available on subjects such as: taxation legal matters acquiring land in Cyprus permits cash flow feasibility / viability securing finance for your property in European Cyprus ... [read more]

When a buyer choose to buy a property, buyer needs to pay a small amount of deposit until a legal agreement is drawn up for signing and the first installment as agreed is payable. An independent solicitor should be appointed to draw such a legal document or to give advice on the Developer's Standard Agreement. The actual position and plans of the property, planning permission and preferably the building license should be carefully examined by the Purchaser and his legal advisor. ... [read more]

The tax year in Cyprus starts from 1st of January till the 31st of December. If you live in Cyprus for more than 183 days in the financial year is required to pay tax on any income generated in Cyprus or from overseas. After you have obtained a residence permit in Cyprus you should also register at the local income tax office as a Cyprus taxpayer. In Cyprus the first CYP 10,000 per person is the tax-free personal allowance and after this, the following tax rates apply: 20% - for income CYP 10,001-15,000, 25% -for i... [read more]

Buying property in Cyprus is becoming more and more popular, since buyers are looking for a place to start a new life close to natural and the sun and a place to relax, Cyprus can offer all of this. iGlobal Property Ltd are able to guide you through the process of buying a property in Cyprus, including legal and financial services. ... [read more]