3 chambres Villa à Pegeia, Cyprus No. 28623
![3 chambres Villa à Pegeia, Cyprus No. 28623](https://storage1.citizenship-by.investments/static/p/mnjapj8x8ub08vew/thsfowdevnco0eo2eg21/17b8e9a4413167e8db6d6c63089871ba_890x440.jpg)
ID28623
$ 1 256 641
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From January 13, 2014 the VAT rate in Cyprus is 19%. However, buyers can purchase a new property with a reduced VAT rate of 5% under the following conditions:
- The purchase is made by an individual, not a legal entity.
- The buyer is not going to rent out the acquired property.
- This will be a primary residence in Cyprus for the buyer, and they do not have any other property in Cyprus acquired with the reduced VAT rate within the last 10 years.