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Property Groups · SPVs · Development Companies

Real Estate and Property

Statutory audit, financial reporting, and tax advisory for real estate holding companies, property development groups, and investment property SPVs in Cyprus and internationally.

Property SPVsIFRS 40Investment PropertyDevelopmentFair ValueIAS 16
Why Cyprus

Cyprus for
Real Estate

Specialist audit, tax, and advisory services for Real Estate and Property — combining deep technical expertise with genuine knowledge of Cyprus's regulatory and tax environment.

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Cyprus advantages
  • 15% CIT — a competitive EU corporate tax rate
  • 3% effective rate on fully qualifying IP income via the IP Box, subject to nexus and facts
  • Generally no Cyprus withholding tax on outbound dividends and interest, subject to applicable exceptions; royalties require a separate place-of-use and jurisdiction review
  • Generally no Cyprus tax on gains from disposal of qualifying securities, subject to Cyprus immovable-property and anti-avoidance rules
  • 65+ double tax treaties providing cross-border flexibility
  • EU member state — access to the EU single market, subject to sector-specific legal and regulatory requirements
  • English Common Law — familiar to international investors
What we provide

Services for Real Estate and Property

Statutory Audit

IFRS audits for real estate holding companies and development SPVs — IAS 40, IAS 16, and related parties.

Valuation Services

IFRS 3 PPA for real estate acquisitions and IAS 40 fair value assessment support.

Tax Advisory

Cyprus real estate tax planning — CGT, immovable property tax, transfer fees, and SPV structuring.

Corporate Services

Cyprus SPV incorporation for property acquisitions and ongoing secretarial.

Group Consolidation

Consolidation of real estate group structures — intercompany loans and minority interests.

Financial Reporting

IFRS statements for development companies — IFRS 15 revenue recognition and borrowing costs.

Case studies

Representative engagements

Development Group - 8 SPVs - Bank Reporting
Cyprus developer with 8 SPVs needed annual audits and consolidated statements for lending bank.
→ All 8 entity audits completed within agreed timeline
→ Bank covenant compliance confirmed — lending facility maintained
→ IFRS 15 revenue recognition standardised across the group
International Buyer - Cyprus Property Portfolio
International family purchasing 4 Cyprus properties needed audit, tax advice, and corporate services.
→ Holding company incorporated — properties acquired through SPVs
→ Transfer fee saving of approximately EUR 28,000
→ Annual audit and tax compliance as ongoing engagement

Ready to discuss your
requirements?

All enquiries are treated confidentially. Fixed-fee proposal where appropriate.

Send a Confidential Enquiry+357 22 662281
Confidential initial discussion