Universal, Paphos
Under Construction
2 - 3 Bedrooms
78m – 110m
100m - 150m
Tranquility Villas are delivering 8 brand new residences in one of the upcoming neighborhoods of Paphos!
New apartments residence into the heart of Paphos. Close to essential amenities with breath-taking views!
Designed with diligent attention to detail, spacious living areas and all amenities that cover all modern needs!
A luxurious breath-taking residence with 56 brand new Elite Apartments and close to all essential amenities!
An Eco Living Project in the making on a Prime location!
A new project in Chloraka, Paphos
Strategic location – Cyprus is a crossroads between Europe, Asia, and Africa. There is no doubt that it will remain a key player in the global economy.
A government that invests significantly in the technology and innovation sector. Including renewable energy, solar energy, wind energy, the strengthening high-tech industry, ecological systems and more.
Casino active from 10.07.2023 and is the largest casino in all of Europe. This is going to have a positive effect on all of Cyprus without exception.
45 minute flight from Israel, a detail that everyone knows is very important.
A government that encourages foreign investment, and technology companies including from Israel.
International educational institutions – University of Beirut, Annapolis and Science, schools, kindergartens.
The purchase tax in Cyprus has a fixed percentage and does not depend on the amount of assets. There are purchase tax rates of 1.5% – 4% in second hand transactions.
If both spouses or friends purchase together, the steps are divided proportionally between them. That means everyone pays tax on 50% of the property’s value. So there are times you don’t even
reach the top bracket.
Buying an apartment from a contractor will be subject to the payment of VAT (19%) instead of purchase tax. If it is a first apartment for private residence – the tax will be reduced to (5%). Each foreign resident may hold up to 2 properties in his name, and on the third property can establish a special purpose company.
There is an appreciation tax of 20% of the profit at the time of sale. However, the expenses can be set off and reduce the tax payment reduced.
There is an income tax exemption from rent, up to 19,500 euros per year. And above 19,500 euros there are tax brackets.
Kato, Paphos
In construction
1-3 Studio Rooms
50-242 m2 built
Area 50-242 m2
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