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 SPVs IFRS 40 Investment Property Development Fair Value IAS 16
Why Cyprus
Cyprus forReal 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
0% capital gains tax on disposal of shares
65+ double tax treaties providing cross-border flexibility
EU member state — full single market access and passporting
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 yourrequirements?
All enquiries are treated confidentially. Fixed-fee proposal where appropriate.