by Lyssiotis LawCyprus Extends 5% VAT on First Homes: A Welcome and Justified Decision
Cyprus Parliament has approved an extension of the reduced 5% VAT rate for first home purchases, and at Lyssiotis Law we welcome this decision wholeheartedly.
by Lyssiotis LawBuying Property in Cyprus
Buying property is a significant decision, and in Cyprus, the process can involve multiple legal, tax, and regulatory steps that require careful attention. Between contracts, permits, fees, and timelines, even experienced buyers can overlook crucial details.
by Lyssiotis LawNew VAT Legislation on Primary Residences in Cyprus: Key Changes and Implications
The Cypriot Parliament has recently passed new legislation introducing significant amendments to the VAT regime applicable to primary residences. The changes, passed with near-unanimous support, aim to align Cyprus’s VAT framework with EU directives and address long-standing concerns raised by the European Commission.
by Lyssiotis LawImmovable Property Transactions in Cyprus: A Secure and Straightforward Process
In recent years, there has been a notable increase in immovable property transactions across the Republic of Cyprus. This growing interest is largely attributed to the simplicity and transparency of the property acquisition process in the country.
by Lyssiotis LawTransfer of Property by Assignment Agreement in Cyprus
In the Cypriot legal system, the transfer of property rights through an Assignment Agreement is a widely used contractual method for transferring rights and obligations under an existing sale agreement—particularly when the title deed of the property has not yet been issued in the name of the original buyer (assignor).