No VAT
Buying a property in Limassol that is exempt from Value Added Tax (VAT) can provide significant benefits for both investors and residents. VAT is a tax added to the price of goods and services, including real estate, and is typically charged at a rate of 19% in Cyprus. However, there are some properties in Limassol that are exempt from VAT, providing a cost-effective option for those looking to buy property.
Buying a property in Limassol that is exempt from VAT can provide significant cost savings, simplify the buying process, and offer good potential for investment returns. It is important to do your due diligence and work with trusted professionals to ensure that the property you are interested in is eligible for the VAT exemption.