Veinard Gelingen Ltd. is a professional service provider company with highly qualified specialists in many areas of international investments. Our main service is to provide clients with personal care and beneficial solutions in regards to investments, real estate and maintenance of their business endeavours over all. Drawing together many years of practical experience ensures timely solutions and the highest standards of service. In our work we follow old and proven principals, establishing the framework for the recognition and success of mutual respect. Our priority is our client’s satisfaction. Every day we help our clients to reach and enhance the real results with innovative and creative solutions. We are not just about making profits, but how to serve our clients – both large and small are equally important to us. This web-site gives you an indication of the services we provide and the personal care you will get with us. We invite you contact us should you be interested to receive more information.
The Government of Cyprus has reduced the amount of investment required by international investors from €5mil to €2mil. Other improvements were also added in the investment scheme making it more attractive for foreign individuals.
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Immovable Property Tax is abolished as from 1 January 2017. Until 2016, the owner of immovable property situated in Cyprus was liable to pay an annual IPT which is calculated on the market value of the property as at 1 January 1980 at the varying rates indicated by the Inland Revenue Department.
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According to various local indexes, the property prices are continuing to fall since the peak of real estate in 2008. According to residential property price index published by the Central Bank of Cyprus, residential property prices recorded a marginal decrease in the second quarter. On the other hand, the Cyprus Property Price Index published by RICS indicates somewhat stability and room for growth during the third quarter of last year. More