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Lawyer, Doctor of Laws, recognized media expert on legal issues, legal adviser to famous politicians and businessmen.
VERIFICATION OR DUE DILIGENCE OF PROPERTY IN CYPRUS
In Cyprus, as in other countries, there is a service of legal audit or due diligence of real estate. This service is caused by the fact that buying property a person invests significant funds compared to the cost of such inspection, and therefore in most cases, such a person wants to understand the history of the property, as well as take into account all possible risks in case of further use or sale. .
A property inspection in Cyprus is a study of the history of its creation, the change of ownership and the conflicts that have arisen with this property.
That’s why a legal audit or due diligence will protect you from the negativity of the history of the object. It is clear that 100 percent guarantees are difficult to achieve, but a full inspection of real estate in Cyprus, including a quality and complete inspection of the history of real estate will give you the opportunity to be ready to buy or sell such an object, and will help assess investment risks.
What to check before buying land, house, apartment or any other real estate:
Origin of the object and the first property right. Most often, violations of the law are allowed at the stage of construction and registration of ownership. That is why it is important to check how the right to build arose, the origin of the land, who built it and on what basis, whether there were conflicts or disputes during construction.
Analysis of previous owners. It is very important to understand the order of change of owners and who they really are, from the first to the last. This can be done either by analyzing all purchase and sale agreements, etc., or through appropriate registers.
What is the status of the property. It is necessary to investigate the documents on the basis of which the last registration of ownership took place, whether such ownership is currently encumbered by arrests or prohibitions on registration, the absence or presence of litigation and decisions regarding real estate.
Physical inspection of the property. Technical compliance check characteristics of permit documentation. It is not uncommon for previous owners to change something and not make appropriate changes and changes to the technical documentation, which in turn can lead to at least additional costs for legalization of such changes or even unfitness for use and significant investment losses.
Based on the results of the inspection of the investment object in Cyprus, you will receive a conclusion of our campaign which will reflect all stages of the inspection with identified deficiencies and comments, as well as an investment opinion on possible risks, if any.
Legal inspection of real estate on Cyprus is not the collection of information from the Internet, but rather a thorough understanding of the legislation in the field of construction and experience accompanied by construction and litigation.
Calculate the cost of services
1 question
Are you currently in Ukraine?
2 question
Are you currently in Cyprus?
3 question
Do you need to check the property in Cyprus before buying?
4 question
Is the value of the real estate you plan to buy more than 500 thousand euros?
5 question
Do you need a consultation urgently?
The corporate tax rate in Cyprus was raised to 15%. Doesn't this create problems for Ukrainian business?
On the contrary, it is a strategic advantage. The Tax Code of Ukraine provides for exemption from CFC taxation if the effective rate in the foreign jurisdiction is at least 13%. The 15% rate in Cyprus automatically allows legally exempting the profit of a Cyprus company from additional taxation in Ukraine.
How does the updated IP Box regime for IT companies work?
The Cyprus IP Box applies the Modified Nexus Approach, where the benefit depends on actual development costs. If a company develops software locally, 80% of qualifying profit is exempt from taxes. The 15% corporate tax applies only to the remaining 20% of profit, giving an effective tax rate of 3%.
Is it necessary to pay tax on undistributed profit and the annual company levy?
No. The Deemed Dividend Distribution (DDD) rule was completely abolished for profits generated from January 1, 2026. The annual fixed Annual Levy of €350 was also abolished starting in 2024.
Can I get Cyprus tax residency as a business founder?
Yes, the “60-day rule” applies to business founders. It allows you to obtain tax resident status by staying in Cyprus for only 60 days a year if you own or rent housing, have business ties to the country, and are not a tax resident of another state.
What is Notional Interest Deduction (NID) and who is it suitable for?
NID is a powerful incentive for capital-intensive businesses (e.g., industrial or investment holdings). It allows deducting notional interest on the amount of new equity capital introduced from the taxable base. The deduction amount equals the yield of 10-year government bonds of the country of investment plus 5%. This tool can reduce taxable profit by up to 80%.
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