family can live, work, invest and travel in the EU
with no restrictions!
3. Secure EU permanent residency status
An investment in Cyprus offers the opportunity
to secure EU permanent residency status without
having to live there or be domiciled there for tax
purposes, and without having to remit a minimum
amount of personal tax annually. The Cyprus
residency scheme further allows for a property
acquired in Cyprus to be rented out, earning
an offshore income. In addition, the permit
automatically renews – it’s for life!
4. Value for money
Properties in Cyrus offer exceptional value for
money when compared to other European countries,
especially those right on or near to The Mediterranean.
The area in Cyprus that suffered the least casualties
during the last few years and has enjoyed relatively
active sales, with the highest growth over the last
seven years, is the Paphos area, Cyprus’ equivalent of
the lush and beautiful Western Cape.
5. Diversificaion
Cyprus’ current foreign exchange policy is relatively
favourable. It is a good strategy to diversify exposure
by investing offshore to hedge the strengthening
Euro against a volatile South African Rand.
6. Lifestyle
The countr yside in Cy prus is breathtak ingly
beautiful. With 57 Blue-Flag Status beaches, the
cleanest seas in The Med, a dramatic mountain
range where it snows for three months of the year,
picturesque hiking trails and lush, fertile agricultural
areas, this is a country for exploring!
Cyprus also offers a lifestyle similar to South
Africa. The Cypriots love outdoor activities, enjoy a
braai and share many of the same values that South
Africans do: they have a hard-working ethos and
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a strong sense of community, and they value their
families. They also share the South African love of
sports: their golf courses are world-class, they have
a soccer team that plays a ferocious game in the EU
championships, and they even have a rugby league!
7. Home from home
Many are surprised to discover just how “South
African” Cyprus is. Here you will find six Ocean
Basket restaurants and two Nando’s restaurants,
Mrs Balls Chutney in the shops and a butcher from
the Free State who makes boerewors and biltong!
Cyprus’ shores are also graced by some famous South
Africans: Prof Christiaan Barnard lived in Cyprus
before he passed away and Gary Player is busy
building his first signature European golf course
with Jack Nicklaus in the Paphos area.
Facilitated process
The process of investing in Cyprus’ “Citizenship
through Investment” programme is streamlined and
hassle-free when partnering with an experienced
team, such as Cypriot Realty, who can guide and
advise you every step of the way. This includes
assistance with finding the perfect property through
personalised property inspection trips to Cyprus
to view properties and facilitating the permanent
residency and citizenship application process,
including arranging meetings with attorneys, banks,
schools and more in Cyprus and providing assistance
with the physical relocation to Cyprus.
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