Cyprus Real Estate Investment Club for Foreign Investors & Buyers

27/08/2020

Investing in Cyprus Real Estate

With an efficient application process, Cyprus provides clear and straightforward investment requirements offering the fastest and most assured route to gaining a European passport or Permanent Residency status in Europe through investment in real estate.

Buying a new development property from €300,000 grants the investor the right to obtain Cyprus Permanent Residency in just 2 months. The Cyprus Citizenship by Investment Program requires a higher minimum investment of €2 million and gives investors the opportunity to obtain a European Passport in just 6 months. Investments qualify throughout residential and commercial real estate, and may be either new builds or resale properties. Cyprus benefits from constant development and continuous high growth.

Cyprus also offers highly attractive investment opportunities as real estate returns (yields) in Cyprus are amongst the highest and most secure in Europe. Rental returns (yields) on residential properties are typically around 4.7-5.6% and for commercial properties around 4-5% rental yield.

There is a wide choice of properties suitable for the Cyprus Residency and Citizenship programs available, offering a solid investment with the potential to rent out the property and receive rental income. Acquired property may be resold after 5 years of citizenship acquisition with a high return on investment. However, the investor is required to hold real estate to a minimum value of €500,000 as their main residential property.

24/08/2020

CYPRUS: A BRIDGE LINKING THREE CONTINENTS

CYPRUS HAS PROVED TO BE A POPULAR DESTINATION FOR FOREIGNERS AND ESPECIALLY FOR THE PURCHASE OF REAL ESTATE FOR A PLETHORA OF REASONS.

Cyprus is today the South-eastern outpost of the European Union, situated in the Eastern Mediterranean, at the crossroads of three continents and close to the busy trade routes linking Western Europe with the Arab World and the Far East. The geographical position of Cyprus and the entrepreneurial spirit of Cypriots contributed significantly to establishing it as a business centre. Despite the global economic recession, the island prides itself today for its quick recovery from the economic downturn and shows very positive economic projections. The fact that over 45,000 international business companies use Cyprus as a base for their operations more than evidences that Cyprus is now established as a modern and flexible business and services centre in the Mediterranean and South-east Europe, while at the same time exhibiting the conducive business climate that exists in the country.

REASONS TO INVEST IN CYPRUS

STRATEGIC LOCATION at the crossroads of three continents, providing an ideal base for expansion into new markets.

MEMBER OF THE EUROPEAN UNION serving as Europe’s Middle Eastern outpost and a gateway for the movement of goods inside and outside the European orders.

FAVOURABLE TAXATION including 12,5% corporation tax, and low personal income tax.

A PROSPEROUS AND RESILIENT ECONOMY enjoying long-term stability and growth.

LIBERAL FDI POLICY allowing 100% participation in almost all sectors of the economy.

SKILLED WORKFORCE highly qualified and multilingual with one of the highest percentage of university degree holders in the world.

DOUBLE TAX TREATIES with over 40 countries.

BILATERAL INVESTMENT agreements with 19 countries.

EXCELLENT INFRASTRUCTURE providing easy access by air and sea, and serving as an important telecommunications hub in the region.
LOW SET UP AND OPERATING COSTS including rental costs, salaries and social insurance contribution.

SIMPLIFIED ADMINISTRATIVE PROCEDURES for acquiring necessary permits - company registration may be completed within 4 days.

TOP CLASS SERVICES Efficient legal, accounting and banking services.

RESIDENCE PERMIT – Non-EU citizens purchasing immovable property in Cyprus to the value of €300,000, (subject to certain requirements), will be granted permanent residency through a special immigration visa.

A GREAT PLACE TO LIVE and work with a pleasant climate, agreeable topography, high standard of living, and one of the lowest crime rates within the European Union.

17/08/2020

Why Cyprus

Despite the recent difficulties, the country retains certain unique features which ensure that in the medium term and long term, Cyprus real estate has strong growth prospects:

1. Ideally located on the crossroad between 3 continents; Europe, Africa and Asia
2. Beautiful scenery with c. 350 days of sunshine and a mild climate
3, Friendly population and interesting culture with virtually no crime
4. European Union and commonwealth membership
5. Low corporation tax (12.5%) and network of double tax treaties incl. China and Russia
6. English Law based legal system offering transparency and certainty
7. Land registry providing a safe and simple regime for protecting and transferring title
8. High level of education and services. Ninety percent of Cypriots speak English
9. Excellent infrastructure and telecommunications
10. Tourism facilities continues to improve such as recent opening of Limassol mega-yacht marina with plans for a similar project in Paphos and 5 golf courses
11. Advanced medical care - prospects of becoming a healthcare and centre

17/08/2020

Cyprus is among the 10 safest destinations in the world for 2020

11/08/2020

11/08/2020

CYPRUS INVESTMENT PROGRAMME

THE FREEDOM TO LIVE, WORK AND TRAVEL ANYWHERE IN THE EU
Investing in Cyprus is your gateway to Europe

MAJOR BENEFITS
VISA FREE: Travel to 158 countries around the world with all the rights of residing, working and doing business in the EU

Low Taxation
Double-taxation treaties with more than 40 countries. No inheritance tax and the lowest rate of corporate income tax in Europe.

Exit strategy
Right for sale of the investment objects in 5 years, however the possession of at least €500,000 worth of residential property is required.
Investment Criteria
Purchase of one or many residential properties for at least €2.000.000 or acquisition of commercial properties for at least €2.000.000 and a residential property of €500,000.

Government Donation
A donation of € 75,000 to the Cyprus Land Development Agency, aiming at the contribution of the Program to the new integrated housing policy, namely for the implementation of affordable housing projects and the implementation of other housing plans / measures.

Main Documents Required
Copy of Passport
Copy of birth certificate
Police clearance certificate from country of origin and residence
Marriage certificate (if applicable)
Detailed biography

11/08/2020

HARMONY APARTMENTS

LIMASSOL, CYPRUS

PROPERTY DESCRIPTION
This stylish new Apartment Building which is nestled in Agia Fylaxi; a desirably tranquil culde-sac location in Limassol, is explicitly designed to accommodate the expectations of homeowners who value Sustainable and Modern design in combination with quality of life and everyday modern comforts.

The living is easy in this inspiring and generously proportioned Contemporary Building, with a floorplan which incorporates 6 modern 2-Bedroom Apartments, designed with a wonderful interior flow, from open plan living spaces to private covered balconies, fitting in with the surrounding village-like character of the area as well as being in Harmony with its natural surroundings.

Each Apartment has its own private parking space (covered) and storage areas, as well as an individual parking area for the disabled and parking for guests. The Parking and Storage areas are secured with Automatic Gates. The Apartments on the Ground floor have a spacious uncovered External Veranda which runs almost perimetrically around each Apartment. The Apartments on the First and Second Floors have a view of either the River and its Natural Habitat, which crosses the village of Agia Fylaxi, or a Village view.

Each Apartment has its own private parking space (covered) and storage areas, as well as an individual parking area for the disabled and parking for guests. The Parking and Storage areas are secured with Automatic Gates. The Apartments on the Ground floor have a spacious uncovered External Veranda which runs almost perimetrically around each Apartment. The Apartments on the First and Second Floors have a view of either the River and its Natural
Habitat, which crosses the village of Agia Fylaxi, or a Village view.
All 6 Apartments have access to the Building External Green Common areas which is designed to provide a safe and enjoyable environment for play.

The Building is situated in a Prime Location; Just a 5-minute Drive to Agia Fylaxis Junction and a 15-minute Drive to the Limassol Promenade on the beach front. It is a place which combines
everyday living with relaxation and surrounded by all necessary amenities.

PROPERTY DETAILS
• For Sale
• Property Type: Building
• Property Subtype: Residential
• Location: Limassol, Agia Fylaxi, Cyprus
• Plot / Land Size: 600 Sq.m
• Floors: 3
• Units: 6 Apartments
• Bedrooms: 2
• Covered Balconies: Ground, First & Second Floors
• Uncovered Verandas: Ground Floor
• Green Common Areas
• Common Recreational Area
• Covered Parking & Storage Spaces for each Apartment
• Parking for the Disabled & Parking Space for Guests
PROPERTY FEATURES
• Sustainable Modern and Homely Design with a generously proportioned interior flow
• Open-Plan Living Spaces
• Ease of accessibility to near-by amenities/Bakeries/Supermarkets
• Building Security System included (Security System & Cameras)
• Covered Parking Spaces for Each Apartment
• Parking Space for the Disabled + Guest Parking
• Storage Space for Each Apartment
• Automatic Sliding Gate for Secure Access to Parking
• Common Recreational Area
• A/C & Heating
• Cost-Effective

APARTMENT PRICE LIST

APARTMENT No. 101
Fully Enclosed Covered Areas 76m²
Uncovered Verandas 26.11m²
Covered Balcony 6.32m²
Total: 108m²
PRICE (€): 200,000

APARTMENT No. 102
Fully Enclosed Covered Areas 75m²
Uncovered Verandas 51.50m²
Covered Balcony 12.45m²
Total: 138.95m²
PRICE (€): 205,000

APARTMENT No. 201
Fully Enclosed Covered Areas 76m²
Uncovered Verandas N/A
Covered Balcony 6.32m²
Total: 82.32m² PRICE
(€): 190,000

APARTMENT No. 202
Fully Enclosed Covered Areas 75m²
Uncovered Verandas N/A
Covered Balcony 12.45m²
Total: 87.45m² PRICE
(€): 190,000

APARTMENT No. 301
Fully Enclosed Covered Areas 76m²
Uncovered Verandas N/A
Covered Balcony 6.32m²
Total: 82.32m² PRICE
(€): 190,000

APARTMENT No. 302
Fully Enclosed Covered Areas 75m²
Uncovered Verandas N/A
Covered Balcony 12.45m²
Total: 87.45m² PRICE
(€): 190,000

NOTES
1. Please note that the prices above are subject to change at any time.
2. The prices above do not include VAT