Cyprus is a member of the European Union and has officially launched the process of joining the Schengen Area
Cyprus offers a wide range of real estate options across different cities and regions — making it easy to find properties that match any lifestyle or investment goals
It remains one of the few EU countries still offering permanent and temporary residency by investment to citizens of Russia and Belarus
Over 80% of Cyprus’s population speaks English, and the country has a large Russian-speaking community
The real estate market is known for its transparency: no hidden costs or property taxes, no registration fees
A stable and growing real estate market, combined with the ease of doing business and starting a company
5% reduced VAT is still available on select properties issued permits before the latest tax reform (standard VAT is 19%)
Mediterranean climate and high level of safety
Cyprus also offers one of Europe’s most attractive tax environments: – No taxes on foreign-sourced income – No tax on dividends from personally owned Cypriot companies – Low 12.5% corporate tax rate
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