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There are no huge restrictions on foreigners purchasing off plan property in Cyprus, with the government choosing to encourage investment a great deal and offering extra incentives such as low tax for those wishing to put their money into the country. The North of the country has more restrictions than the South, but it is still fairly open to foreigners wishing to invest in off plan property. Entry to the EU saw many difficult laws and much of the pointless bureaucracy removed from proceedings. Always obtain legal advice before entering into any agreements though, just to be on the safe side.
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