Cypriot Real Estate Management Company

In recent years, the creation of a company in Cyprus for many entrepreneurs and individuals – investors has been for the purpose and goal of investing in real estate abroad and in Greece.
The usual procedure is the creation of a Cypriot company for the purpose of purchasing real estate – immovable property outside the Republic of Cyprus, or for the purchase of the corporate shares of an existing company that owns one or more properties abroad.
There are several reasons for this action, that is, for creating a Cypriot company to purchase real estate. In more detail, through this action, some of the following are achieved:

1. 0% taxation on the capital gains from the future sale of the property through the company created in Cyprus that owns the property or properties.
2. 0% withholding tax on the distribution of profits that came from the sale of the property – properties and, of course, 0% taxation on the reinvestment of the money.
3. 0% transfer tax on the corporate shares of the Cypriot company to a third person or company in Cyprus. Consequently, if a company in Cyprus owns a property outside of Cyprus, it can transfer its corporate shares to any natural or legal person it wishes, without any tax burden. Thus, a secure transfer of the property is also achieved through this procedure.

The procedure for the correct and legal process differs from country to country as there is a different legislative framework. Therefore, it is useful to look at each case separately and with special care and to follow the correct procedure.