Real Estate News

Become a Cyprus tax resident in 60 days!

The Cyprus House of Representatives has recently passed a new bill amending the legislation on Income Tax, giving the opportunity to individuals who spend more than 60 days in a year in Cyprus, to acquire Cyprus tax residency.

05th December, 2017

Cypriot passport ranked 12th worldwide

The Cypriot passport has scored a passport rank of 12 worldwide, in the list of the Global Passport Power Rank featuring in the Power Index 2017.

01st December, 2017

VAT OF 19% will be imposed on land sales in Cyprus

A VAT charge of 19% will be imposed on all commercial land sales in Cyprus from the 1st January 2018. According to the circular issued by the Cyprus Tax Department it is confirmed that no VAT will be imposed on the purchase or sale

20th November, 2017

Cannes International Emigration & Luxury Property Expo

Dear friends, we are glad to inform you that First Class Homes participated in a large-scale exhibition Cannes International Emigration & Luxury Property Expo it was held on 26-27 October 2017, which gathered representatives of leading companies from over 30 countries.

31st October, 2017

Cyprus Value of building permits up 49.2%

The total value of building permits issued in the first seven months of the year increased by 49.2% and the total area by 41.6%, the Statistical Service of Cyprus reported on Thursday.

13th October, 2017

Cyprus Golden Visa Program raises €4 billion

The Cyprus Golden Visa Program, which enables non-EU citizens to purchase Cypriot passports and residency permits by investing money in property and other sectors, has raised €4 billion.

02nd October, 2017

Cyprus Business ties with China reach new level

The Cyprus- Chinese business ties have entered a new development stage, Chinese trade officials told a Business Forum organized on Wednesday by the Chinese Business Investors Association.

29th September, 2017

Cyprus real estate market booms

Thanks to the growing economy, new property tax incentives and the government’s golden visa scheme that offers Cyprus citizenship in exchange for cash investments, the Cyprus property market is booming.

25th September, 2017