Yes, it must be first hand properties.
Yes, they can rent out their permanent residence there.
Even if the property hasn't built yet, the applicant still has to pay the full amount as we must assume he or her has already invested in Cyprus.
No, VAT is not included in such value.
No. It cannot be combined.
No, it must be residential property.
No. It can be invested by the company that owned by the applicant, the investment fund, or the investment foundations.
Yes. Besides, you can still establish a company and do business there even if you are not the permanent resident of Cyprus, but the condition is that local citizens must be hired.
Yes, they can. However, this process may take much longer time than purchase a newly furnished apartments.
All Cypriots residents must pay for the local tax if the revenue has been driven locally. However, this scheme does not allow applicants to apply for jobs locally. If such revenue has been driven locally through their own local companies, then they have to pay for the corresponding corporate tax.
Overcome revenue is NOT taxable in Cyprus.
Corporate tax in Cyprus is 12.5%, one of the lowest within EU.