To answer some of you questions please take a look at our list below. If your question has not been answered please feel free to contact us with your enquiry today.

•  What is the cost of living in Cyprus ?
•  Can I work in Cyprus once I have moved there?
•  How does the medical care system operate?
•  Is the crime rate high?
•  What about Inheritance Tax?
•  What other tax advantages are there?
•  What are the driving regulations in Cyprus?
•  What are the terms of payment for the property?
•  After I receive the keys of my property what expenses do I have?
•  Are there any international schools in Larnaca?
•  What about Title deeds.?
•  When do I receive the Title deed?
•  When can I sell my property?  What about my capital gains?
•  Are the property prices increasing?
•  Do you provide after-sales services?
•  What media is available in Cyprus?
•  What is the Cypriot communication system like?

What is the cost of living in Cyprus?

The cost of living in Cyprus is low compared to many other European destinations. Especially now with the annexation of the island to the EU, Cyprus enjoys a wide spectrum of goods with no taxes applied.

Can I work in Cyprus once I have moved there?

Under the Aliens and Immigration Law, non-Cypriots wishing to take up employment in Cyprus are required to have a work permit. Since the entry of Cyprus to the European Community this restriction is expected to be lifted very shortly.

How does the medical care system operate?

Another enjoyable part of the low cost of living is the medical care system in Cyprus . It is very inexpensive. A doctor's visit costs about £10 CYP and X-rays about £15 CYP. Inexpensive Private Medical Insurance is also available. Cyprus residents, whether Cypriots or not, can have a private medical insurance starting from £130 CYP pa. The health care is of a very high standard. The majority of the doctors have being trained in the U.K. and U.S.A.

Is the crime rate high?

Another key element in attracting foreigners is the remarkably low crime rate, which is only 1/6 of the European average. Comfort and security are the dominating feelings on the island. Visitors are invariably surprised and reassured by this relaxed aspect of life on the island, where crime is virtually unheard of and theft not commonplace.

What about Inheritance Tax?

There is none.

What other tax advantages are there?

There is no double taxation. Compared with other international financial centers, Cyprus offers a distinct benefit in the form of double taxation treaties. Agreements with an increasing number of countries eliminate the double taxation of income earned in any one of these countries. In practice, the tax levied by one country is credited against the tax levied in the taxpayer's country of residence. Where different tax rates apply, the tax payer will ultimately not pay more than the higher of the two rates of the respectively countries. Immigrant retirees may import personal effects, household goods and furniture duty free. This is provided that they are for personal use and have been in use for at least one year. There is no duty on one car and retired couples benefit from the additional concession of two duty free cars.

What are the driving regulations in Cyprus?

Visitors in Cyprus may drive using a valid International Driving License or their National Driving License, provided it is valid for the class of vehicle they want to drive. If they wish to get a Cyprus driving license, then they must convert their national license to a Cypriot one or take the driving test. In any event, the Cyprus license will cost £35 CYP for a lifetime.

What are the terms of payment for the property?

Terms of payment vary depending if you are buying pre- construction unit (buying before the unit is fully built) or if you are buying an already built unit. An initial symbolic down payment ranging from £ 1000 to £ 2000 CYP is required followed by another payment to complete a 30% on the total purchase price. We will help you decide on the best suitable payment plan for your case.

After I receive the keys of my property what expenses do I have?

Telephone, water and electricity are of course the responsibility of the tenant. Minor expenses for maintenance may be applicable.

Are there any international schools in Larnaca?

Yes, there are a couple of reputable international schools in Larnaca. The most popular, established school with a long history is the American Academy of Larnaca where students study under the English System with O' Levels and A' Levels for entry at British Universities.

What about Title deeds?

All Properties have title deeds. The title deeds are transferred to the buyer's name as soon as they are issued by the Land Registry Department and following the settlement of the agreed selling price, and the Council of Ministers approved. In the case of Pre construction purchase, as soon as the unit is completed and handed to the new owner, the same process begins on that day.

When do I receive the Title deed?

Transfer of ownership from vendor to purchaser is accomplished by a simple procedure through the land registry office. The contract of sale must be in writing, and it is advisable that such contracts be registered at the District Land Registry Office within 60 days from the contract date. When issued, the title deed will be registered in the name of the buyer and will be recorded in the confidential government archives. The Land Registry Department in Cyprus is one of the most advanced and reliable systems in the world.

When can I sell my property? What about my capital gains?

You can sell the property at any time and with no restrictions either through our office or through a registered estate agency. The equivalent of the full purchase price can be remitted immediately. The balance reflecting an increase in its value can be sent overseas at the rate of £50,000 CYP per year, plus any interest earned during the year, starting from the year after the sale. Property sales in Cyprus are subject to capital gains tax at a rate of 20% on the profit. The first £10,000 CYP profit per person named on the title deed is exempt.

Are the property prices increasing?

Cyprus is a small island with a limited supply of land and properties. With Cyprus ' accession to the E.U. demand has increased substantially and as a result property prices are increasing on almost daily bases. Properties that are well built and well maintained benefit from the highest increases.

Do you provide after-sales services?

L. Livadhiotis & Sons Developers and excellent after sales services, are highly connected. We pride ourselves on our after-sales service. Services range from the airport pick up to assisting with opening bank accounts, all the way to maintaining your home in a perfect condition inside and outside.

What media is available in Cyprus?

There are six Cypriot/Greek TV stations available at the moment free of charge. Approximately 30% of the programs are broadcast in English and all foreign films are broadcast in their original language, with Greek subtitles. Residents can also subscribe to the Cypriot cable service LTV to watch US and UK sports and programs. There are also numerous radio stations, which are broadcast in Greek and English. In addition to these is the British Forces Radio that broadcasts on a 24 hour basis in English. The island offers two independent English newspapers and UK national papers are available on the island, usually with a delay of only one day from their date of issue.

What is the Cypriot communication system like?

"Cyta" The Cyprus Telecommunication authorities is one of the most advanced (rated third in the world!) and cheapest telecommunication systems available. ISDN, DSL and standard dial-up PC networking are very cheap to purchase also easily accessible.