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Until June 2026, the current preferential VAT regime on new properties in Cyprus remains in effect, offering very favorable conditions for buyers. If you purchase a property intended for primary and permanent residence, a reduced VAT rate of 5% applies to the first 200 m², with no limitation on the property price. If the property exceeds this size, the standard VAT rate...

Larnaca was officially chosen as European Capital of Culture for 2030, when she defeated Limassol in the competition. the decision announced Ministry of Culture of Cyprus And it is an important milestone for the city. This title brings with it not only prestige, but also €1.5 million financial support as Melina Mercouri’s Award, funded by the program Creative Europe. The award...