According to a notice published on the OECD's web site, in 2014 Cyprus and 43 other jurisdictions (including Malta, the Netherlands, Great Britain, the Isle of Man and the islands of Guernsey and Jersey) confirmed that the first automatic transfer of tax information, in accordance with the standards proposed by the OECD, would take place in September 2017. It is expected that this group is likely to increase in number as the above countries are joined by other countries willing to support the automatic exchange of tax information.
List of services
Cyprus: automatic exchange of tax data, new property tax rates
Legal protection of private ownership and transparent procedures of real estate title transfer have been the main factors that contribute to rapid development of construction business and cause a growth of real property sales in Cyprus.
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Property Law
Our services include:
1) Real estate title check (for any encumbrances) at the Land Committee
2) Preparation, signing and legalising purchase and sale agreements
3) Preparation of loan and pledge agreements
4) Contract registration
5) Contract depositing with the Land Committee in order to exercise enforcement rights
6) Obtaining all necessary permits related to real estate acquisition
7) Representing clients in the Land Committee and other governmental agencies