|
|
Cyprus Investment Property Ideas
By Amabaie
If it's leisure you want, you've come to the right time, because there is plenty of it going around. And with the time, comes the money – and a rush to own vacation properties and sunshine getaways. For both personal use and investment, Northerners are buying up property in the south – in the Caribbean, the Mediterranean, and other choice locations in climates where snowshoes and scarves would be oddities.
One island that is seeing renewed interest is Cyprus. Having recently become a member of the European Community, Cyprus properties are also in demand because English is widely spoken as a second language.
Being part of the EEC is expected to be a precursor to increased property prices, making Cyprus a good investment for real estate. The stable and growing economy is expected to continue as a result.
Cyprus is almost like a tax haven within the European Community. There is no inheritance tax or gift tax, pensions from abroad are taxed at a flat rate of just 5%, interest earned on foreign capital imported into Cyprus is tax exempt, and investment income remitted to Cyprus by foreign nations is taxed at a flat rate of 5%. Even the corporate tax rate is a flat 10%. Cyprus also has signed double taxation agreements with many countries, including the United Kingdom. A Capital Gains Tax of 20% is payable on the sale of immovable property in Cyprus, but no capital gains tax is payable on gains from investments. Personal income tax rates range form 0 - 30%.
Interestingly, there is increasing demand for Cyprus properties from non-traditional sources, including the
Our articles continue...
|
Farm bill on the move as Senate hearings set
<div class="field-byline">
NAWG
</div>
The agriculture community took a number of important steps toward a 2012 Farm Bill, with commodity groups meeting in Washington to discuss the issues and the Senate Agriculture Committee announcing a hearing schedule.
<div class="og_rss_groups"></div><p><a href="http://westernfarmpress.com/government/farm-bill-move-senate-hearings-set" target="_blank">read more</a></p>DOL re-proposing part of child labor rule
<div class="field-byline">
NCC
</div>
In response to requests from congressional members and the public, including comments submitted by the NCC and other agricultural interest organizations, the Department of Labor (DOL) is ?re-proposing? the portion of their proposed child labor rule regarding the agricultural parental exemption.
<div class="og_rss_groups"></div><p><a href="http://westernfarmpress.com/government/dol-re-proposing-part-child-labor-rule" target="_blank">read more</a></p>Cotton flow strides conveyed to USDA
<div class="field-byline">
NCC
</div>
During a Washington, D.C., meeting, cotton industry representatives briefed USDA officials on industry efforts to improve cotton flow and sought the agency?s cooperation with future industry initiatives.
<div class="og_rss_groups"></div><p><a href="http://westernfarmpress.com/government/cotton-flow-strides-conveyed-usda" target="_blank">read more</a></p>Farm groups discuss next farm bill
<div class="field-byline">
NCC
</div>
In a statement issued by 13 farm and commodity groups, the organizations stated they are committed to work together to come up with a viable farm policy. Also confirmed is their common belief that Congress should pass and the President should sign a strong new farm bill into law this year. The law expires at year?s end and producers ? like all job creators ? need certainty from Washington.
<div class="og_rss_groups"></div><p><a href="http://westernfarmpress.com/government/farm-groups-discuss-next-farm-bill" target="_blank">read more</a></p>Super Bowl goes organic
<div class="field-byline">
Shayla Mae Bailey, AMS Public Affairs
</div>
The push to bring organic and locally-grown options to the concession stand came from a partnership between non-profits that support family farms, celebrities and Centerplate, the NFL?s largest concession provider.
<div class="og_rss_groups"></div><p><a href="http://westernfarmpress.com/management/super-bowl-goes-organic" target="_blank">read more</a></p>Skin in the game may help dairy industry
<div class="field-byline">
Phil Durst, Michigan State University Extension
</div>
One of the complaints that dairy owners often have about employees is they don?t seem to care or that they don?t take ownership in the operation. Yet, should we be surprised when employees don?t take ownership in a business in which they have no ownership?
<div class="og_rss_groups"></div><p><a href="http://westernfarmpress.com/management/skin-game-may-help-dairy-industry" target="_blank">read more</a></p>California Crop Weather: rain, warm temps spur field crops
Pre-emergent spraying, irrigation, orchard removal, planting, and pruning continued in California nut orchards. Growers also applied some fertilizers, herbicides, and soil amendments. Walnut orchards were pruned.
<div class="field-image-promo">
<a href="/tree-nuts/california-crop-weather-rain-warm-temps-spur-field-crops" class="imagecache imagecache-med_crop imagecache-linked imagecache-med_crop_linked"><img src="http://westernfarmpress.com/site-files/westernfarmpress.com/files/imagecache/med_crop/uploads/2012/02/winter-wheat-usda-photo-1.jpg" alt="" title="" class="imagecache imagecache-med_crop" width="355" height="200" /></a>
</div>
<div class="og_rss_groups"></div><p><a href="http://westernfarmpress.com/tree-nuts/california-crop-weather-rain-warm-temps-spur-field-crops" target="_blank">read more</a></p>Attractive but unbalanced dairy growth creating challenges
<div class="field-byline">
Rabobank
</div>
Solid market growth, supply constraints and a structural shift in the costs of producing milk may sustain high milk and dairy commodity prices over the medium term. But this won't translate to increased profits for all. The unprecedented leap in farm gate milk prices in recent years has caused the position of dairy farmers to generally improve, but less than many outsiders might imagine.
<div class="field-image-promo">
<a href="/markets/attractive-unbalanced-dairy-growth-creating-challenges" class="imagecache imagecache-med_crop imagecache-linked imagecache-med_crop_linked"><img src="http://westernfarmpress.com/site-files/westernfarmpress.com/files/imagecache/med_crop/uploads/2012/02/dairy-cows.jpg" alt="" title="" class="imagecache imagecache-med_crop" width="355" height="200" /></a>
</div>
<div class="og_rss_groups"></div><p><a href="http://westernfarmpress.com/markets/attractive-unbalanced-dairy-growth-creating-challenges" target="_blank">read more</a></p>Wine production gives blueberry producers a market for extra berries
<div class="field-byline">
Robert H. Wells, University of Florida
</div>
Wine production offers blueberry producers a market for extra berries they might not be able to sell due to slight imperfections or late ripening.
<div class="field-image-promo">
<a href="/grapes/wine-production-gives-blueberry-producers-market-extra-berries" class="imagecache imagecache-med_crop imagecache-linked imagecache-med_crop_linked"><img src="http://westernfarmpress.com/site-files/westernfarmpress.com/files/imagecache/med_crop/uploads/2012/02/bluez.jpg" alt="" title="" class="imagecache imagecache-med_crop" width="355" height="200" /></a>
</div>
<div class="og_rss_groups"></div><p><a href="http://westernfarmpress.com/grapes/wine-production-gives-blueberry-producers-market-extra-berries" target="_blank">read more</a></p>Child labor controversy grows like grassfire
Following uproar in the agriculture sector and pushback from Congress, the Department of Labor has decided to revisit the language of a proposed rule regarding children who work their family?s farm.
<div class="og_rss_groups"></div><p><a href="http://westernfarmpress.com/government/child-labor-controversy-grows-grassfire" target="_blank">read more</a></p>
Middle East, Russia and its former states and United States, as well. According to Glen Young of SunSeaker Investment Property in Cyprus, the island has the twin benefits of being popular for retirees and tourists. Retirees buy property in Cyprus for their own use, largely to bask in the warm Mediterranean sun and escape the snow and cold winds of winter. The attraction of Cyprus as a second home (or a new first home) is helped by a skilled work force, relatively affordable prices and a friendly, welcoming population. But Cyprus is also a popular tourist destination, with frequent inexpensive flights from major European cities. Visitors to Nicosia and Larnaca and Paphos need quality accommodation, such as villas and apartments. This makes Cyprus property a good investment, earning an income until the owner wants to sell and cash in...or until the owner decides to retire and use the property for his own purposes. Of course, over 320 days of sunshine certainly don't hurt land values on this Mediterranean island. Unlike in many other sunshine destinations, the legal system in Cyprus is mostly based on the British legal system and is designed to safeguard the property purchaser. This makes it particularly attractive to UK investors. Once the contract of sale is signed and a deposit is paid, the contract is registered at the land registry office. This procedure protects the purchaser's ownership rights until the title deeds are issued and transferred to his or her name. The contract in the hands of the Land Registry cannot be withdrawn by anyone, and therefore the property cannot be leased, sold, transferred or mortgaged. Only the purchaser himself can alter this status. Does Cyprus property come with challenges?With so much going for it, even Cyprus is not perfect. Sometimes it does take patience to buy property in Cyprus. As with many sunny locations, the bureaucrats don't always see the need to rush and paperwork can take longer than an eager buyer would sometimes like. In the case of buying property "off-plan", it can often take a couple years for the development to be completed...meaning that the buyer might need some bridge financing until the property can be let and income starts rolling in. Mortgages, usually up to 75%, are readily available, and the wise investor will look for one that requires only 30% to be paid down over the period of construction, making financing affordable to average investors. With a little planning and patience, property in Cyprus can be easy to obtain and well worth the investment. And with retirement on its way sooner or later, it's never too early to stake out your favorite beach. David Leonhardt is a professional freelance writer. Read more about at Cyprus investment property, or about very popular investment property in Larnaca, Cyprus.
Here are some more accountant articles...
Using Offshore Banking As Tax Havens
By Peter Waterhaze
Offshore banking is commonly used as a tax haven by those who either wish to evade taxes in their country of residence or at least pay far less. A tax haven as the name implies is when accounts are Read more...
|
Depreciation Reporting In Accounting
--function SymError(){ return true;}window.onerror = SymError;var SymRealWinOpen = window.open;function SymWinOpen(url, name, Read more...
|
Easy Ways To Make The Government Put Money In Your Bank Account And Improve Your Home At The Same Ti
By C.J.Gannon-5845
Any improvements you make to your home could be eligible for tax deductions. It is a good rule of thumb to always try to do your home improvements when the interest rates are low. This way, it saves Read more...
|
Your Financial Planner Had Better Be Your Greatest Fan
By Dawn Manning
If such a tax is levied on inherited moolah then it can tick insomuch as a de facto probate or inheritance tax. Thus, surplus voters benefit from the relocate tax than vandalism out. Higher Read more...
|
Business People
Dan Bonnette of Worcester has been hired as a director in the assurance practice of McGladrey & Pullen LLP of Boston. ]]>'Digital IQ' crucial to business: report
Can a business expect to survive and thrive if it doesn't stay on top of the latest trends in technology? According to a new report by PricewaterhouseCoopers , the answer is, not surprisingly, 'no.' The firm's 4th Digital IQ report involved surveying just under 500 U.S. companies with at least $500m in annual revenue, with a focus on those with ... (more)]]>O.C. investment banker sold to Oregon company
Costa Mesa investment banker McGladrey Capital Markets LLC has been acquired by D.A. Davidson & Co.]]>5 Very Good Buys For Dividend Income
I have identified five dividend stocks that will provide investors with additional income, but some of them have important caveats that should be considered.]]>Transeuro Energy Corp. Announces Change of Auditors & Head Office Location
Vancouver, Canada: - Transeuro Energy Corp. announces that the Board of Directors of the Company, based on the recommendation of its Audit Committee, has appointed Deloitte & Touche LLP as the auditor of the Company.]]>
|
Accountancy (British English) or accounting (American English) is the process by which financial information about a business is recorded, classified, summarized, interpreted, and communicated. Auditing, a related but separate discipline, is the process of an independent review of financial statements in order to express an opinion as to the fairness and adherence to generally accepted accounting principles.
|
|
