Is it legal to pay with Crypto to buy a property in Cyprus?

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The way in which the seller is getting paid for a property is irrelevant for the local law, as long as both sides had sign the contract of sale and all the requirements has been fulfilled.

Can I sell my property later on with no issues?

You can sell your property any time without any issues. If you’ll ask for a Fiat bank transaction to your bank account – your buyer will have to show your bank HIS source of funds in order for your bank to accept the funds into your account.

Do I need to pay any taxes when I sell my property?

It depends if you made any capital gains. For example – if you bought the property for 300,000 Euros and sold it for 350,000 Euros, according to the Cypriot law you’ll have to pay 20% capital gain tax on your 50,000 Euros profit. If you prefer to send the money abroad to your own country it depends on your local tax laws (If you own a passport of one of the EU countries, you can always open a bank account in Cyprus and keep your funds here).

What kind of ROI (return of invesment) can I get on my property in Cyprus?

The great thing about Cyprus is the fact that it’s one of the most popular holiday destinations with a sunny and warm weather most of the year round, which creates a high demand for short term holiday rentals that can generate a high APY (starting at around 8% net and in some cases exceeds 12%). Needless to say that the possibility of long term rentals is available as well, and can generate over 6% APY in many cases.