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Owning a property in Cyprus offers you a more relaxed pace of life.
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 (1):

• 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.

Property in Larnaca is in high demand, Larnaca is the oldest living city of Cyprus, founded 6000 years ago. The city is large enough to give everything one may need but still is not overcrowded especially at its beautiful beaches which extend for 25 kilometers. Larnaca offers many sporting and cultural activities aswell as a great variety restaurants, taverns, cafeterias and bars.

Property in Limassol, the second largest city of the island is situated on the southern part of Cyprus, Limassol is the home of the major wineries and an excellent sea resort, with a ten-mile coastline. Limassol has become a bustling town boasting taverns, restaurants and nightlife to suit all tastes.

Property in Nicosia, Nicosia lies roughly at the center of the island, with a rich history that can be traced back to the Bronze Age. It only became Capital of the island in the 11th century AD. Nicossia was a magnificent city with a Royal Palace and over fifty churches

Property in Famagusta, Famagusta is one of the finest examples of a medieval city. This is where east, west, Islam, Christianity, and Asian and European Cultures blend together in a sort of cultural cocktail.

Selling your property in Cyprus?

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Source:
(1) http://www.top-properties.com/legal-information.html