About Us

The Advocates Law requires that Cypriot lawyers are either Cypriot nationals or the spouses or children of Cypriot nationals.

The Cyprus Bar Association is the professional body of lawyers in Cyprus with over 2700 members. The Association was established under the Advocates Law Chapter 2 in 1960 and it has been operating since then.

The average apartment cost is €235,000, while a house costs approximately €316,000.

When it comes to paying these fees, the buyer is responsible for paying the solicitor or conveyancer. In some cases, however, the seller may agree to pay the fees on behalf of the buyer as part of the negotiation process. This is typically done to make the sale more attractive to potential buyers.29 Jul 

Capital gains tax applies on the profit made on the sale of a property at the rate of 20%. There is one, lifetime, allowance of the first €17,086 gains which are exempt for each seller, until this allowance is used up.

The standard VAT in Cyprus is 19% but may be reduced to 5% on certain conditions. The stamp duty depends on the property’s price, the maximum amount is 0,2% of the property cost. The property transfer fee is paid for real estate bought on the secondary market. There’s no immovable property tax in Cyprus.

The Cyprus Bar Association is the professional body of lawyers with over 4300 members

University Graduates with a Law degree recognized from the Legal Council based on Lawyers Law (Chapter 2), register themselves as lawyers after completion of a 12 month period of training practice and after they achieve in a written competition.

Among the types of lawyers, Corporate Law experts are in great demand due to their specialization in contract law, securities law, bankruptcy, tax law, accounting, intellectual property rights, licensing, zoning laws, etc.

Solicitor Fee (apprx. 1%+VAT of the selling price)

Estate Agent Fee (apprx. 3%+VAT of the selling price)

One critical aspect to consider when purchasing property in Cyprus is the title deed status. Ensure that the property you intend to buy has a clean title deed and is free from any legal encumbrances.

Typically, most conveyancing transactions in Cyprus take anywhere from 3 to 6 months.

An average beachfront property can exceed €10.000 per sq.m

Overall, the cheapest city to live in Cyprus is Paphos, with the most expensive being Limassol largely due to the high costs of rent and housing.

There are many incredible locations to purchase property in Cyprus, depending on your intent and lifestyle. The top cities, however, are Limassol ,Paphos, Larnaca, Ayia Napa, and Nicosia.

Mortgage registration fees are 1% of the current market value. In the case of companies’ reorganisations, transfers of immovable property are not subject to transfer fees or mortgage registration fees.

There is no inheritance or succession tax in Cyprus. Your assets pass to your heirs without them having to pay any local tax.