The new Urban Amnesty Plan was approved by the Council of Ministers and it came into effect immediately for a period of only six months. Applications are officially accepted from 23/09/2024 until 23/3/2025. The amnesty main goal is to allow people to legalize unauthorized constructions in approved developments that involve small-scale planning violations that do...Read More

Changes on the applicable VAT rate relating to primary residence in Cyprus were introduced in June 2023 with Law 42(I)/2023 and in April 2024 with Law 55(I)/2024. Specifically, Law 42(I)/2023 amends the conditions for applying the reduced VAT rate of 5% to the acquisition or construction of new residences. The revised conditions are as below:...Read More

On the 12th of December 2023, Law 132(I) of 2023 was published, amending the Sale of Immovable Property (Specific Performance) Law of 2011 (Law 81(I)/2011). The new Law amends the provisions regarding the submission of a contract for the sale of a property to the Department of Lands and Surveys and regarding the specific performance...Read More

The Contract by which a Property in Cyprus is sold can be deposited (filed) to the Lands Registry Department of the Republic of Cyprus, after it is signed by the contracting parties and before the transfer of the Immovable Property to the Purchaser’s name. The Contract of Sale, also commonly referred to as the Sale...Read More