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Category: <span>Cyprus</span>

The most attractive areas of Cyprus for property investments
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The most attractive areas of Cyprus for property investments

Cyprus is the third largest island of the Mediterranean with total population of approximately 1 million. Amongst them, there are 30 to 50 thousand Russian-speaking permanent residents in the island. The island has earned the love of tourists and immigrants with its mild climate, its clean beaches with white sand and clear water, as well...

Cyprus “freezes” the program for issuing “golden passports”
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Cyprus “freezes” the program for issuing “golden passports”

Since 2013 approximately 4 thousand investors have acquired a Cyprus Passport, which grants the right to live and work in any country of the European Union. In order for that to be possible, it was necessary to purchase residencies within the island amounting to 2 million euro and/or invest similar capitals in Cypriot businesses. In addition,...

Cyprus authorities want to make online rental property more clear
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Cyprus authorities want to make online rental property more clear

Due to the increasing tourist attractiveness of Cyprus, housing demand is growing rapidly. Many tourists prefer to stay in an apartment, rather than in a hotel room while relaxing because it is more comfortable for them. In this connection, the authorities of the Republic of Cyprus intend to withdraw the property rental market from the...

Cyprus real estate is bought more by foreigners
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Cyprus real estate is bought more by foreigners

In 2019, foreigners showed great interest in Cypriot real estate. Of all the objects that were sold over the past year, more than 43.2% were bought by representatives of other states. The remaining 56.8% of transactions fell on residents. Paphos and Limassol – investor sites №1 According to statistics from the Land Registry Department, representatives...

Interesting News for those who Try to Obtain Cypriot Citizenship
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Interesting News for those who Try to Obtain Cypriot Citizenship

On February 1, the Cypriot Parliament approved the future tightening of the law, suggesting changes in the scheme for obtaining “golden visas”. Initially, the amendments were to enter into force on 01.31.2020, but the dates were adjusted. Changes will take effect on May 15th. 10 Changes that will be Applied Here is a list of...

Comparative table for the program “Golden Visa”
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Comparative table for the program “Golden Visa”

GREECE Valid from 2013 Investments 250 000 € Real estate Any real estate, including land parcels. Any number of objects. Mortgage Impossible. You need to invest 250 000 € of own funds, and the remaining amount can be issued on credit. Paperwork 1 – 2 months Issued for (valid for) 5 years Residence permit for...

Mortgage and loans on Cyprus
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Mortgage and loans on Cyprus

Mortgage loan There are quite favorable conditions on Cyprus concerning real estate acquisition. In order to receive a mortgage loan to purchase real estate on Cyprus, the purchased property is the collateral. As in most countries in the EU, in order to receive a mortgage loan, it is necessary for the borrower to provide documents...

MBG Consulting Services – Company Profile
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MBG Consulting Services – Company Profile

Created in 2015, MBGcs is a provider of Premium Consulting Services in Greece and Cyprus. Our main objective is to help and guide potential investors, companies or individuals with their bussiness ventures in the Mediterranean. An experienced team of lawyers, financial experts and real estate consultants can help realize your investment plans in Greece &...

How to Buy Properties in Cyprus
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How to Buy Properties in Cyprus

Visa There is a simplified visa regime in place for the citizens of Russian Federation who wish to come to Cyprus. In order for you to visit Cyprus, you do not have to go to the consulate in person, collect documents and fill out applications. You can simply fill out the visa application form online. Once...