Questions & Answers

How can foreign investors rent out their properties used for gaining residency in Cyprus?

Can a foreigner simply buy a property and then rent it out to whoever they want when applying for residency by investment, or are there any conditions like rent tax that would apply to them?

Answers

Celia Pourgoura

On Celia Pourgoura answered:

If you wish to rent the property you are obtaining for residency, you will need to pay the full VAT (19%).