Hi All, I am currently looking at some investment opportunities in Cyprus significantly below MV. However, these are attracting VAT at 15%, which has recently been introduced. I am trying to find out if by purchasing through a VAT registered Cypriot Ltd Company you are able to recover most if not all of the VAT charged. I am informed that if purchasing as an individual, half of the vat is claimable if you later declare residence in Cyprus, but I do not see this as being a realistic scenario for many people. I am led to believe that the VAT is only levied on the first sale, so if I purchase off the developer I pay VAT. If I then sell, I don't charge VAT per se, although the MV must include some of the VAT element. Specifically, I am looking at a flipping over 6 months and I am concerned that I haven't got all of the relevant info to determine whether the deal stacks up. Can anyone add to this? I already own property in Cyprus and I cannot purchase a 2nd property in my own name, so I am looking at the ltd co. route anyway. I am also trying to find out if you can obtain finance at 80% for a purchase through a company as most lenders only go to 70%? Thanks, Adrian L

Adrian i don't know all the answers myself but have some contacts in Cyrpus who probably would, of course difficult to share given the current forum rules unless you are on EC forum? Also going out to look at some properties on Tuesday next week.... so if there are more properties than you need at the moment let me know.