property in cyprus 1.0

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Cyprus is the largest island in the eastern Mediterranean, Cyprus lies just south of Turkey and has long been a crossing point between Europe, Asia and Africa.

Cyprus offers many tax incentives that encourage foreign property investment.

• Pensions from abroad are taxed at a flat rate of 5%
• Interest earned on foreign capital is exempt from tax.
• Importation of personal effects are duty free
• Investment income remitted to Cyprus by foreign residents is tax free.

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