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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?

  • CA Advocates (Pourgoura & Aspri LLC)
    April 02, 2022

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