The stamp duty in Cyprus is imposed on documents (such as contracts, written agreements) which relate to the assets located in Cyprus and/or affairs which take place in Cyprus. Written stamp duty is calculated on the value of agreement at 0.15% for the amounts between €5,000 and €170,000, 0.2% is applied to any agreement with value over €170,000. The maximum stamp duty applied to an agreement is capped at €20,000 per stamp agreement.
The purchaser is the individual who is legally liable to pay such a stamp duty unless the agreement states otherwise. Such a stamp duty is to be settled within 30 days from the day of “signing” of the documents.