Why You Should Invest in Cyprus:

Cyprus has become a hot spot for real estate investment due to the improving economy and growing interest in Cyprus tourism. Cyprus is located in the Eastern Mediterranean. This tiny island country has beautiful beaches and quaint old world-style villages that offer travelers a romantic and relaxing escape from the busy world.

Low Interest Rates:

Interest rates (2017) for home loans have dropped to 3.18%. This is quite a drop from its peak in 2012 of 5.16%.

Tax Advantage:

There’s good news on the tax front, too, for investors. The first 19,500 of earned annual income is tax-free. Pensions exceeding 3,450 euros are only taxed 5%.taxed 5%.

Incentives by the Government:

The government of Cyprus is stimulating the real estate industry with various incentives that are encouraging investment by inviting both, local and foreign investors. The cities of Limassol and Paphos are opening up with a remarkable scope of profitability and several developmental projects. In addition, various Government incentives have also led to a surge in foreign demand; such measures include the abolition of immovable property taxes, schemes for permanent residency and naturalization of investors by exception.

Tax Paid by Foreign Residents:

Cyprus is one of the most relaxed and advantageous nations when it comes to taxation, and tax rates are said to be the lowest across the European Union. The pension income of foreign residents is subjected to taxation at a flat rate of 5% on all amounts that exceed €3.420.

Sales Portfolio:

Total value: € 2.470.000
IRR through rental income: 5,35%

Our Lawyers, Tax Advisors, Accountants and Immigration Consultants can find solutions to you and your family’s every need. Having a vast experience in Golden Visa applications for Cyprus they can guide you in every step of the process.

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