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Villa (1)
From
R10,100,000
Size from 245m² to 300m²
3 storey villa in touristic area in Kato Paphos.
3 storey villa in touristic area in Kato Paphos with 4 bedrooms , 3bathroom, covered parking, private pool, smart home system and underfloor heating.
Why Cyprus:
- Strategic location. - Safe. Cyprus is in the top 5 safest countries in the world. - English widely spoken. - Favourable tax for Investors, lowest business tax in Europe. - Advanced infrastructure - Education, Banking, Healthcare, Tourism. - 300 days of sunshine a year!
Permanent Residency:
- Must purchase new property worth €300,000 + VAT or more. - VAT will be 5% for the first property purchased in Cyprus instead of 19%. - PR is guaranteed if all requirements are met (ie. Property purchase, all documents provided) and is received in 2 to 3 months. - To start the application, at least €200,000 + VAT must have been paid and all documents provided to the lawyers. - €30,000 must be placed in a fixed deposit account in the name of the applicant in a Cyprus bank for 3 years. - One purchase can provide PR to husband and wife, any children under 25 years old, parents of the husband and parents of the wife. - Holders of Cyprus PR cannot work in Cyprus but can own a business.
Citizenship:
- Must purchase property worth €2,000,000 + VAT or more. - Can be multiple properties which need to be kept for 3 years, after which only property worth €500,000 must be kept for life. (ie. 4 Investment Villas plus 1 Primary Residence). - Citizenship is granted 6 months after €2,000,000 investment and all documents provided to the lawyers. - Dependent children up to the age of 28 that are attending an institution of higher education. - Parents of the main applicant (either husband or wife) can apply for Citizenship after the main applicant has acquired Cypriot Citizenship, as long as they have purchased a property worth at least €500,000 + VAT. - Citizenship will be passed down through the generations. - Holders of Cypriot Citizenship can reside and work in the European Union and can travel visa free to 157 countries. - Access to health care and education throughout the EU. - Fantastic tax benefits ie corporate tax 12.5%
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Disclaimer: While every representation will be made by Lew Geffen Sotheby's International Realty to ensure that the information contained within the website is accurate and up to date, makes no warranty, representation or undertaking whether expressed or implied, nor do we assume any legal liability, whether direct or indirect, or responsibility for the accuracy, completeness, or usefulness of any information. Prospective purchasers and tenants should make their own enquiries to verify the information contained herein.
Please note: Most banks charge an administration and initiation fee. Disclaimer: These calculations are only a guide. Please ask your conveyancer for exact calculations.
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