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Investing in Cyprus

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THE MAGIC OF CYPRUS

Island of opportunities

Cyprus, the beautiful island at a central location between Europe, Asia, and Africa, is a prime and attractive destination for real estate investors worldwide, offering numerous strategic and economic advantages for investors looking for lucrative opportunities in a friendly European business environment.

Cyprus boasts a thriving economy supported by a strong financial sector, extensive tourism, and shipping industries. The island serves as a center for technology and innovation, making it an attractive destination for international businesses and startups, contributing to the rise in demand for real estate, creating an ideal environment for investors seeking to benefit from a wave of success.

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THE BENEFITS

Unique advantages for real estate investments in Cyprus

Political stability and a pro-business policy by the Cypriot government that implements various programs to stimulate foreign investors, including residency programs.

Large global companies and their employees are migrating to Cyprus due to tax benefits. Consequently, the population is growing and causing a consistent rise in the demand for quality housing on the island.

Prices of apartments and properties in Cyprus are continuously rising (about 3% in recent years), but are still relatively low compared to many other countries in the European Union. Cypriot Residency Program
Obtaining Cypriot residency is possible for Israelis over the age of 25 without a criminal record who purchase property in Cyprus at a minimum cost of €300,000. The residency is also relevant for a spouse and their minor children, and living on the island is not required.

Cyprus has a Mediterranean climate, pristine beaches, and a rich culture, making the island desirable for investors and vacationers.

Cyprus enjoys a diverse population, including many foreign residents: Cyprus is considered a sought-after destination for international residents due to its pleasant weather, democratic government, friendly residents, low cost of living, and high quality of life and security.

* The contents contained in this website, including contents in connection with the state of Cyprus and/or Limassol, do not contain any recommendation or opinion, and are not intended to provide anything other than general and marketing information and means of impression only. The person who makes use of the information and/or who makes his decisions based on the information, does so at his own risk, and he waives any demand and/or claim and/or claim against the selling company and/or in everything related to and involving reliance on the information on this website
FURTHER INFORMATION

Frequently Asked Questions

  1. We offer full and close support to every client. To help you achieve maximum appreciation, we will assist you in finding the most suitable property for you, outline the various flexible payment options. We work with the leading consultants on the island and will be happy to assist you in obtaining legal, economic, and bureaucratic support at the highest level.

  2. Yes. It usually takes a few months and an investment of at least 300,000 € + VAT. Permanent residency approval in Cyprus is granted for life to the main applicant and all those who joined the application. Please note that permanent residency in Cyprus does not grant work permits on the island.
    *This information does not constitute a substitute for professional consultation.

  3. Fees and taxes related to purchasing a property in Cyprus are relatively low compared to other countries. Purchasing a new property from a developer will grant you a full exemption from the transfer tax as VAT is paid for the property. The VAT rate ranges between 5-19% depending on the property, the purpose of the purchase, and usage (residential or short/long-term rental). Capital gains tax in Cyprus is set at 20% of the profit from the sale of the property. Tax residency status in Cyprus is determined by the number of days spent on the island during a year, where staying more than 183 days in Cyprus is considered tax residency in Cyprus.
    *This information does not constitute a substitute for professional consultation.

  4. There are several financing options for investing in Cyprus:

    Financing the entire purchase with personal capital - the advantage is in the speed of response and the possibility of purchasing opportunistic properties.

    Loan from your Israeli bank - it should be noted that such a loan will not be granted as a mortgage and the rate and interest rates will be determined based on your relationship with the bank.

    Mortgage from a bank in Cyprus - the advantages are that the loan is in local currency, the property serves as collateral, the rent is also paid in local currency and leverage will improve the return on the property. To obtain a mortgage in Cyprus, you will first need to open a local bank account.
    *This information does not constitute a substitute for professional consultation.

  5. Limassol is the second-largest city in Cyprus and the most cosmopolitan coastal city on the island. Limassol has developed into an international and multicultural city, home to large international companies and offers a wide range of financial and business services. With a sun-drenched coastline, shopping avenues, an abundance of chef restaurants, and stunning 5-star hotels, Limassol is an attraction for residents and tourists from all over the world.

  6. Cyprus is renowned as a stunning and alluring island, with a tranquil lifestyle, and a high quality of life, flourishing economy and relatively low cost of living. The official language of the southern half of Cyprus is Greek, but English is widely spoken by all at a high level. The Cypriot economy is considered stable, and the government encourages foreign investments.

  7. The national education system in Cyprus operates at exceptionally high standards, and there are varios private schools on the island. The public schools are also excellent but mainly teach in Greek. Healthcare is considered modern and advanced, with a large number of hospitals and clinics. In recent years, several international universities and educational institutions have been established on the island.

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