Choose your best place on the island!*
*Use the interactive map to see the info.
- Rent 1 bdr. € 650
- Price per sq.m. € 1520
- Communal for 85 sq.m. apt. € 119
- Average salary (after tax) € 1167
- Corporate income tax 12.5 %
- Rent 1 bdr. € 487
- Price per sq.m. € 2484
- Communal for 85 sq.m. apt. € 242
- Average salary (after tax) € 891
- Corporate income tax 22%
- Rent 1 bdr. € 1023
- Price per sq.m. € 4885
- Communal for 85 sq.m. apt. € 159
- Average salary (after tax) € 1830
- Corporate income tax 25 %
- Rent 1 bdr. € 516
- Price per sq.m. € 2426
- Communal for 85 sq.m. apt. € 63
- Average salary (after tax) € 386
- Corporate income tax 20 %
- Rent 1 bdr. € 633
- Price per sq.m. € 3916
- Communal for 85 sq.m. apt. € 145
- Average salary (after tax) € 1336
- Corporate income tax 27.9 %
- Rent 1 bdr. € 931
- Price per sq.m. € 8333
- Communal for 85 sq.m. apt. € 150
- Average salary (after tax) € 1124
- Corporate income tax 35 %
- Rent 1 bdr. € 298
- Price per sq.m. € 1617
- Communal for 85 sq.m. apt. € 112
- Average salary (after tax) € 713
- Corporate income tax 10 %
We choose only agencies and developers who show the best results on the market, with whom our clients will be comfortable to work, and in whose houses to live. During the purchase of an object, we monitor the communication of a seller and a buyer, follow the transaction process, and provide FORLIFY clients with information support at all housing purchase and moving stages.
Frequently Asked Question (FAQ)
Note that FORLIFY only operates in the European Part of Cyprus.
Northern Cyprus and Cyprus are two different entities that are located on the island of Cyprus in the eastern Mediterranean Sea. Cyprus is an independent country that is a member of the European Union, while Northern Cyprus is a self-declared state only recognised by Turkey.
The two regions have a complex and disputed history, and the boundary between them is known as the "Green Line" or the "Attila Line". Northern Cyprus covers about one-third of the island, while the rest is under the control of the Cypriot government.
The two regions have different political systems, economies, and cultures, and there are ongoing efforts to reunite the island.
FORLIFY is not taking payment from clients for real estate deals and our client support.
We're getting paid by sellers, as all licensed real estate companies in Cyprus do.
If you're interested in company relocation, tax optimization, or our help with the banking system in the EU, it can be discussed and quoted separately.
Hope to see you as our client soon.
The country has two international airports – Larnaca and Paphos (LCA & PFO), and two major ports (Larnaca and Limassol). Cyprus has one of the best roads in the European Union. High level of regional and global communications is provided by a modern telecommunication system.
From January 1, 2017, Cyprus's annual state real estate tax (immovable property tax IPT) was abolished.
Taxes to be paid when purchasing the real estate in Cyprus:
Probably the first thing to be paid by the future owner of Cyprus real estate is a Stamp duty. It must be delivered within 30 days after signing the sale and purchase agreement; after that, you can submit the contract to the Land Committee. Registration must occur by two months after the conclusion of the contract. 0.15% of the first € 170.800 of the property price, and 0.2% of the amount that exceeds € 170.800, will be charged.
Property Transfer fee
This is a fee for the transfer of title to real estate. Accordingly, you don't have to pay it when buying newly-build property. In the primary market, the buyer is exempted from paying the title fee, i.e., the Property Transfer fee is 0%.
If you buy the real estate on the secondary market, the Property Transfer fee is calculated as follows:
- 3% shall be paid on the first € 85.000;
- 5% - on the amount in the range from € 85.000 to 170.0
- 8% - on the amount exceeding € 170.000.
However, Cyprus laws provide ways to reduce fee.
In FORLIFY, we know all the ways to reduce your taxes as much as possible, and we always provide our clients with the best possible solutions for them.
You can use our advanced search, or contact our office to find the most suitable accommodation for you – apartments, flats, or houses.
We specialize in several types of the real estate for investment, and in obtaining of Residence Permit:
1. Residential property.
2. Office and Commercial property.
3. Contribution to local business or investment fund.
It is also possible to buy a secondary real estate. The constant increase in price and demand for housing in tourist areas also allows you to make a profit from the rental or sale in the future. This type of investment is often an option for capital preservation in case of economic instability in the home country.
FORLIFY clients can make the right choice by accessing a wide range of projects from the companies in Cyprus.
It’s enough to buy a real estate on the island to obtain this type of Residence Permit. The period for obtaining is two months.
Note: This Residence Permit doesn’t allow you to work in Cyprus.
Acquired real estate must be more than 300.000 €. The property must be newly built.
The procedure for property purchase and Residence Permit registration:
- Buy the property at the price of at least 300.000 € (finance sources must be located outside of Cyprus).
- Verify your official income (the best is 60.000-70.000 € per family per year). Applicant must have an income of 30.000 € per year, plus 5.000 € per family member (spouse and children), and 8.000 € per each parent.
- Provide the Certificate of a criminal record.
- Open a deposit account in a Cyprus bank and deposit 30.000 € in it.
- Apply for a Residence Permit, including documents confirming the property purchase. These documents must be submitted to the Embassy of Cyprus, translated into Greek, and notarized.
FORLIFY takes care of the whole procedure, so you actually don't need all this information.
You can check the list of countries whose citizens need to apply for a visa to enter the territory of the Republic of Cyprus here:
Holders of biometric passports don’t need visa for a short-term stay in Cyprus. Holders of EU Member States passports don’t need visas to enter Cyprus, but they are required to carry either valid passport or ID card provided that they contain photograph and indication of citizenship.
Please note: if you plan to stay in the Republic of Cyprus for more than 90 days within 180 days period – you should anyway apply for visa.