Temporary Transfer Fee Reduction Approved
On Thursday 3rd November the House of Representatives in Cyprus voted to approve a Bill aimed at reducing transfer
fees in property transactions. The draft bill is under finalisation and could be effected shortly. Property transfer
tax represents a considerable levy on purchasers of property on the island and the aim of the latest measure is to prompt the struggling property market by...
Cyprus: an advantageous venue for Incorporation
Each year thousands of new companies are registered with the Registrar of Companies in Cyprus. In 2010, 19278 new companies were registered and 2011 looks set to top that figure. Year on year the number of annual registrations on the island increases, taking the total current number of registered companies in Cyprus to over 250.000 companies. Clearly Cyprus holds great attraction as a business...