CYPRUS
13
reasons to own a
property in Cyprus
JENNY ELLINAS
Cyprus was recently crowned the safest country in the world
and saw an increase of 65% in property sales to overseas
buyers. Cyprus was also voted as having the best permanent
residency & dual-citizenship programme in Europe. There’s
never been a better time to invest in Cyprus.
E
urope remains the preferred offshore invest-
ment hotspot for the majority of South Af-
ricans. There is positive economic growth,
decreasing unemployment rates and on-going po-
litical stability, all of which has cemented Europe as
being a very safe destination for our hard-earned
ZAR. The lifestyle benefits
The best programmes The lifestyle in Cyprus is very similar to the lifestyle
in South Africa, with beautiful beaches and golf
courses. But unlike South Africa, Cyprus has been
voted as one of the safest countries in the world.
Cyprus was recently voted as having the best
permanent residency & 2nd citizenship programmes
available in Europe. Cyprus’ Fast Track permanent
residency programme entitles 3 generations in the
same family line to all secure permanent residency
FOR LIFE in 2 months of making application. All
dependent children up to the age of 25 as well as both
the parents AND the parents-in-law automatically
qualify under the main investor.
In addition to being a full member of the EU and the
Common Wealth, Cyprus is a very popular choice not
only because of the affordable investment entry-
level to secure permanent residency and the speed
to secure a 2nd citizenship, but also because of the
lifestyle benefits.
13 reasons to own a
property in Cyprus:
1.
The minimum property investment on the
permanent residency programme is €300,000 – the
2nd cheapest in Europe after Greece. You can rent out
the property and you do not need to live in Cyprus
for the residency permits to be valid, you only need to
visit the island 1 day every 2 years. 2.
If you are looking for 2nd citizenship, then having
an EU passport has enormous benefits. You and your
family (including dependent children up to age 28)
have unlimited access to the EU and UK. Benefits
include being able to travel, live and work anywhere
in the European Economic Area; plus visa-free travel
to more than 171 countries in the world. 4.
Cyprus’ 2nd citizenship programme was voted
as being the best. It is the quickest in Europe, it only
takes 6 months to process, but more importantly,
citizenship is passed down to future generations and
you do not need to live in Cyprus for your citizenship
to remain valid.
On both programmes your property ownership
gives you a solid investment, good rental returns, a
superlative lifestyle in The Med; and easy access to
Europe.
Both the permanent residency and the
dual-citizenship property investment
programmes immediately benefit the
investor and his/her family:
3.
5.
6.
7.
8.
9.
10.
11.
12.
1.
2.
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OFFSHORE GUIDEBOOK 2020
Securing Permanent Residency in 2
months on the Fast Track Residency
Programme
Securing EU Citizenship in 6 months
on the Citizenship Through Investment
Programme
13.
There is no language barrier as everyone
speaks English – no need for a translator.
Europe is on your doorstep: Cyprus has
2 International Airports and several
marinas.
Cyprus has been voted one of the safest
countries in the world – your personal
safety is assured.
Cyprus is a full member of the EU,
economically stable and politically
secure and not flooded with refugees.
You can acquire permanent residency or
EU 2nd citizenship by buying property:
Properties in Cyprus offer excellent value
for money when compared to other
European countries – especially homes
right on or near to The Med.
Cyprus is a very popular tourist
destination so owning an investment
property will reap an attractive offshore
income.
There is no inheritance tax, so you can
implement effective tax planning.
The lifestyle on offer in Europe is similar
to South Africa: golf courses, breath-
taking countryside, modern cities etc.
You do not need to live in Cyprus every
year to retain your residency status;
You can rent out your property to earn a
Euro-based income;
Euro-accredited education gives your
children / grandchildren a distinct
advantage when they enter the global
job market;
1st world medical facilities & affordable
healthcare are on offer with highly
qualified doctors & specialists.
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