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Safe Property Investment in Southern Cyprus
Cyprus offers property investors a safe environment which has been built around the British land registry, legal and banking
systems.
Cyprus Legal Systems
The legal system in Cyprus is based upon British Legal System. The Cyprus Land Registry system is probably one of the most advanced and reliable
in the world. Purchasers of property in Cyprus will therefore be far more secure, with regard to their title deeds, than they might be in other
countries.
Cyprus Banking System
The banking system in Cyprus is modeled on the British System. The banks have many convenient branches that are efficient, modern and well equipped
with the latest technology. Non Cypriots retiring to Cyprus may open an external deposit account without difficulty.
International banks have branches throughout the island and furthermore, major credit cards, such as those within Visa and Europay networks,
are widely used in Cyprus.
Cyprus Taxation
Cyprus is unique when it comes to the taxation aspects of living on the Island. Cyprus has double tax treaties with over 25 countries including
the UK, Ireland and the USA. Recent tax reforms have sharply reduced the tax burden on foreign residence. Consequently Cyprus has one of the
lowest tax burdens for both residents and companies.
Capital Growth
Since Cyprus joined the EU in May 2004, property prices have steadily increased year on year by an average of 15% to 20%. This growth is expected
to continue for the foreseeable future.
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