Stages of Buying Real Estate in Cyprus
SEARCH Choosing a real estate agency ! Keep in mind that in Cyprus, a buyer does not pay for real estate agency’s services ! Search and selection of real estate Preparing to view properties Viewing properties New housing. Make sure that the developer: Resellers. Refine: ! Remember to assess the required potential investment in your […]
What is the energy efficiency of residential buildings?
Energy efficiency is an indicator of how efficiently an energy resource is used. The less spent on achieving a certain result, the higher this indicator. Energy efficiency indicators can vary and depend on the specific situation, system or process to be assessed. Here are some examples of energy efficiency indicators and places where they can […]
Photovoltaic panels. What is it? What are their advantages?
Photovoltaic panels, also known as solar panels or photovoltaic (PV) panels, are devices that convert solar energy directly into electrical energy through the photovoltaic conversion effect. They are made up of semiconductor materials, usually silicon, that are capable of capturing photons (light particles) from solar radiation and releasing electrons, creating a flow of electrical current. […]
How to get VAT reduced on the purchase of a new residence in the Republic of Cyprus?
From June 16, 2023, revised provisions on the rate of value added tax (VAT) in the Republic of Cyprus came into force. Now the VAT rate is 5% for the purchase or construction of the main and permanent housing. Key provisions of the new rules: For your convenience, we have prepared the table below: Buildable […]
Temporary Residence Permit (Visitor Permit or Pink Slip)
Non-EU citizens who enter the Republic of Cyprus and wish to remain in Cyprus for more than 3 months (90 days) can apply for a Visitor Permit (also known as the ‘Pink Slip’). It will also enable tourist visitors to extend their stay regardless of what the duration of their initial visa was. The Visitor […]
Do you know that in Cyprus there is a common payment system for paying for public services and not only?
JCC Smart provides convenient and secure payment processing services. It allows you to make online purchases, pay for purchases in stores and restaurants, carry out banking transactions, as well as conveniently pay utility bills and taxes. How to start working on the portal? When paying bills in Cyprus through JCC Smart, the user needs to […]
Road Tax and Car MOT in Cyprus
What is Road Tax? Road tax in Cyprus is a yearly tax for the use of vehicles on the road. Road tax determined by the size of the engine and the vehicle’s emissions. Cost of Road Tax Road tax fees are higher for vehicles with a larger engine size due to the release higher emissions. […]
Lease Agreement Notarization
When relocating to a new country, every individual encounters not only the challenges of moving and adjusting to a new society but also the need to familiarize themselves with government institutions and their procedures. One such procedure is the payment of stamp duty when submitting documents to governmental authorities. What is Stamp Duty? Stamp Duty […]
Mortgage in Cyprus is easy and simple
Are you working in Cyprus and paying high rent; but you are dreaming of owning your own home? Did you know that local Cyprus banks offer attractive & flexible housing loans to international employees and residents ? With: Process The bank will normally request the following information: STEP 1: Your Personal Details Passport, residence or […]
Steps to open a bank account in Cyprus:
Opening a bank account is a process that requires several steps. In this case, we will look at the steps to open an account at Hellenic Bank, Bank of Cyprus, and Eurobank. Hellenic Bank tel. 800 09 999 To open an account at Hellenic Bank, you need to book an appointment in advance on the […]