Legal fees – 1.5-2%. Our company works with several law firms in Israel and in Cyprus.
Legal fees in the residency track – average cost of €2000-4000.
Legal fees (European passport receipt track) – cost of about €17,000, and additional payment to the State of about €14,000.
Stamp tax – 0.15% for property up to €170 thousand, 0.2% for property above €170 thousand.
VAT – VAT for acquisition of new property is 19%. If the purchaser resides in the property on a permanent basis, a request can be submitted for a reduced VAT rate of 5%, for a property of up to 200 sq2.
The purchaser must reside in the property for at least 10 years. Should the purchaser sell the property before the end of this period, they will be required to pay the difference. There is no VAT on the purchase of second-hand property.
Transfer Tax
Property Value | Tax Rate | Tax in € | סה״כ לתשלום |
|---|---|---|---|
Less than €85,430 | 3% | 2,563 € | |
85,430 – 170,860 € | 5% | 4,272 € | 6,835 € |
Above €170,860 | 8% |
A 50% discount on total tax paid on property value between 85,430 – 170,860
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Ori Huna
CEO & Founder
Ori Huna founded Shuna Group with a vision to create a company driven by innovation and excellence. As the CEO and Managing Director, Ori leads the company with passion, ensuring that every aspect of the business reflects his dedication to delivering exceptional results. Beyond the corporate world, Ori is a proud lover of Cyprus, cherishing time spent with his family. He approaches both life and business with a smile, firmly believing that "you can achieve everything, just believe in yourself."
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Tamir Schechter
Business Development & strategy
Tamir Schachter has been a key part of Shuna Group from its early days, joining the company seven years ago. As the head of worldwide business development, he drives the company's growth and strategic initiatives across global markets. Outside of work, Tamir is a nature lover who enjoys spending time with his family and has a deep passion for sports cars and Cyprus. His enthusiasm for both business and personal pursuits is reflected in his commitment to excellence in everything he does.
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Noga
Personal Assistant to the CEO
Noga joined Shuna Group in 2023 as the Personal Assistant to the CEO, supporting key business operations and serving as a sales assistant. In her role, she ensures the smooth coordination of the CEO’s daily schedule while assisting with sales processes. Outside of work, Noga is a dedicated student and passionate dancer. She believes in hard work and embraces the philosophy that “there are no impossible things, just more complicated solutions.
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Anabell Bergman
Head of Sales
Six years ago, Annabell Bergman made the life-changing move from Germany to Cyprus—a decision she considers one of the best for her family. Embracing the island’s natural beauty, rich culture, and exceptional quality of life, Annabell quickly felt at home and came to believe that everything happens for a reason. Now, as Head of Sales at Shuna Group, she channels this passion into helping others achieve their dreams by guiding them to find the perfect property in Cyprus. Annabell’s deep commitment to her clients and her love for the island are at the heart of her work.
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