BothThere are more than ten ways to get a residence permit.
BothThere are more than ten ways to get a residence permit.
BothThis is , for example, a student visa, a residence permit for financially independent persons, digital nomads, a residence permit based on employment, an investment Fast Track ...
BothThis is , for example, a student visa, a residence permit for financially independent persons, digital nomads, a residence permit based on employment, an investment Fast Track ...
BothOf course, since the pandemic, many coordination procedures have taken longer than usual, but the country's authorities have not imposed any restrictions.
BothOf course, since the pandemic, many coordination procedures have taken longer than usual, but the country's authorities have not imposed any restrictions.
BothBut there are many nuances in the process, so each case requires individual consideration.
BothBut there are many nuances in the process, so each case requires individual consideration.
BothIs it possible to open a bank account in Cyprus now?
BothIs it possible to open a bank account in Cyprus now?
BothForeign citizens can still open a Cypriot bank account.
BothForeign citizens can still open a Cypriot bank account.
BothOnly citizens of the Russian Federation and Belarus have difficulties.
BothOnly citizens of the Russian Federation and Belarus have difficulties.
BothMost likely if you just come from the street in 2023, they will not open an account for you.
BothMost likely if you just come from the street in 2023, they will not open an account for you.
BothAnd it is important that the “source of funds” is not associated with sanctioned activities.
BothAnd it is important that the “source of funds” is not associated with sanctioned activities.
BothIn practice, the list of incomes considered "sanctioned" has recently been expanding.
BothIn practice, the list of incomes considered "sanctioned" has recently been expanding.
BothAn exception, for example, is the income received from the rental of real estate.
BothAn exception, for example, is the income received from the rental of real estate.
BothBy the way, it is not necessary to have your own bank account to buy a property if you are in Cyprus.
BothBy the way, it is not necessary to have your own bank account to buy a property if you are in Cyprus.
BothBut having already purchased it, and furthermore, having received permanent residence, both Russians and Belarusians can open an account.
BothBut having already purchased it, and furthermore, having received permanent residence, both Russians and Belarusians can open an account.
BothHowever, one must be prepared for the fact that checks (including the origin of funds) by banks have become tougher, although not particularly lengthened - the process takes, as before, about 2 weeks.
BothHowever, one must be prepared for the fact that checks (including the origin of funds) by banks have become tougher, although not particularly lengthened - the process takes, as before, about 2 weeks.
BothWhat the purchase procedure in Cyprus looks like The main steps are as follows: verification of the buyer - including a banking verification.
BothWhat the purchase procedure in Cyprus looks like The main steps are as follows: verification of the buyer - including a banking verification.
BothThis is the most important, now necessary step, allowing to assess whether you can actually make a deal selection of a property (on-site or remote) and simultaneous submission of documents to the bank prepaid reservation conclusion of an agreement (with a description of the terms of payment) payment for the property registration of property rights, receipt of supporting documents.
BothThis is the most important, now necessary step, allowing to assess whether you can actually make a deal selection of a property (on-site or remote) and simultaneous submission of documents to the bank prepaid reservation conclusion of an agreement (with a description of the terms of payment) payment for the property registration of property rights, receipt of supporting documents.
BothDepending on the details of a specific transaction, additional checks and preparation of documents are possible at different steps of the procedure.
BothDepending on the details of a specific transaction, additional checks and preparation of documents are possible at different steps of the procedure.
BothWhy is it profitable to buy real estate through an agency and not on your own?
BothWhy is it profitable to buy real estate through an agency and not on your own?
BothJust note that it makes sense to contact (and communicate) with a reliable and professional company - with a history and positive reviews.
BothJust note that it makes sense to contact (and communicate) with a reliable and professional company - with a history and positive reviews.
BothFirstly, you involve specialists who understand the market, prices, offers, and the transaction procedure as assistants.
BothFirstly, you involve specialists who understand the market, prices, offers, and the transaction procedure as assistants.
BothThey will help solve problems in an unfamiliar country with its own specifics.
BothThey will help solve problems in an unfamiliar country with its own specifics.
BothSecond, you can find a company that speaks your language.
BothSecond, you can find a company that speaks your language.
BothYou will be helped to organize viewings, collect documents, agree on deadlines and arrange necessary meetings and procedures.
BothYou will be helped to organize viewings, collect documents, agree on deadlines and arrange necessary meetings and procedures.
BothThirdly, in many cases you can expect the price to come even down for a particular object - serious agencies usually have "special conditions" when dealing with developers.
BothThirdly, in many cases you can expect the price to come even down for a particular object - serious agencies usually have "special conditions" when dealing with developers.
BothYou should not hope for huge discounts, but you definitely won’t overpay.
BothYou should not hope for huge discounts, but you definitely won’t overpay.
BothFinally, a good agency will help you resolve issues that are not directly related to the purchase.
BothFinally, a good agency will help you resolve issues that are not directly related to the purchase.
BothTeaching children, settling in a new place, searching for a master or a specialist of any profile - the needs can be very different.
BothTeaching children, settling in a new place, searching for a master or a specialist of any profile - the needs can be very different.
BothWhat advantages does tax residency in Cyprus offer?
BothWhat advantages does tax residency in Cyprus offer?
BothCyprus is not an offshore jurisdiction, but it offers favorable tax conditions for those who become tax residents of the country.
BothCyprus is not an offshore jurisdiction, but it offers favorable tax conditions for those who become tax residents of the country.
BothYou can become a tax resident by residing in Cyprus for more than 183 days a year or if you: - Reside in Cyprus for at least 60 days in a tax year.
BothYou can become a tax resident by residing in Cyprus for more than 183 days a year or if you: - Reside in Cyprus for at least 60 days in a tax year.
Both- Do not live in another country for more than 183 days during the tax year.
Both- Do not live in another country for more than 183 days during the tax year.
Both- Are not a tax resident of another country.
Both- Are not a tax resident of another country.
Both- Have property in Cyprus, either owned or rented.
Both- Have property in Cyprus, either owned or rented.
BothIn this case, you may qualify for Non-Domicile tax residency, where you are exempt from paying the Special Defense Contribution (SDC).
BothIn this case, you may qualify for Non-Domicile tax residency, where you are exempt from paying the Special Defense Contribution (SDC).
BothThe following are not subject to taxation: - Dividend income.
BothThe following are not subject to taxation: - Dividend income.
Both- Interest income from deposits.
Both- Interest income from deposits.
Both- Rental income from real estate (except for income tax).
Both- Rental income from real estate (except for income tax).
BothYou also do not pay tax on income outside of Cyprus, securities sales tax, inheritance taxes, gifts, and luxury taxes.
BothYou also do not pay tax on income outside of Cyprus, securities sales tax, inheritance taxes, gifts, and luxury taxes.
BothThese are just some of the advantages.
BothThese are just some of the advantages.
BothFor more detailed information, we recommend contacting us directly.
BothFor more detailed information, we recommend contacting us directly.
BothIs it possible to buy property in Cyprus remotely?
BothIs it possible to buy property in Cyprus remotely?
BothYes, such transactions are practiced, especially when purchasing property at an early stage of construction or even before it begins when there is no opportunity to see the finished property.
BothYes, such transactions are practiced, especially when purchasing property at an early stage of construction or even before it begins when there is no opportunity to see the finished property.
BothFor example, our company facilitates the process by conducting online tours, showcasing potential options and areas, as well as addressing any questions and concerns that arise.
BothFor example, our company facilitates the process by conducting online tours, showcasing potential options and areas, as well as addressing any questions and concerns that arise.
BothThe key aspect of this scheme is to find a trusted individual or company that will represent your interests, and then prepare, sign, and apostille a notarized power of attorney in their name.
BothThe key aspect of this scheme is to find a trusted individual or company that will represent your interests, and then prepare, sign, and apostille a notarized power of attorney in their name.
BothDon't know where to start?
BothDon't know where to start?
BothWe'll give you a hint!
BothWe'll give you a hint!
BothLeave a request and our specialist will contact you to discuss all the details of the deal.
BothLeave a request and our specialist will contact you to discuss all the details of the deal.
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