CYPRUS
Cyprus leads the way!
Voted best permanent residency programme available in Europe
BY JENNY ELLINAS
C
yprus’ permanent residency programme has recently been voted as the‘ best residency programme’ available in Europe! Cyprus is a popular choice for investors because of the affordable entry-level investment required to secure residency. Having permanent residency status in another country is highly beneficial to investors, and citizenship in a second country is a growing trend. Cyprus is a safe haven investment destination and provides protection of capital, minimisation of taxes, and a lifestyle that includes travelling visa free to Schengen countries, the UK, the USA and Canada.
The Cyprus permanent residency programme secures residency for three generations in the same family – this is unmatched compared to other programmes available in other European countries.
By buying a property in Cyprus for a minimum of € 300,000 you can secure residency for:
• The main applicant and spouse,
• All dependent children up to the age of 25 and,
• Both parents and parents-in-law of the main applicant.
It is the only residency programme in Europe where three generations in the same family all get permanent residency permits for life in only six weeks!
Cyprus is a full member of the European Union and the Commonwealth nations. Having permanent residency is advantageous, as it gives each person the right to live in Cyprus at any time, and no visa is ever required. When you invest in Cyprus you secure long-term Schengen travel visas for you and your family, giving you access to visit any one of the 26 Schengen countries in Europe at any time.
Why should South Africans invest in Cyprus?
Cyprus is economically stable and politically secure. Properties offer excellent value for money when compared to properties in other European countries. The lush environment is similar to that of the Western Cape. The lifestyle and climate is similar to South Africa’ s; golf courses are world-class, the countryside is breathtakingly beautiful, it has the cleanest seas in the Mediterranean with 64 blueflag status beaches, and it has mountain ranges that shows snow for 3 months in the Winter.
No inheritance tax is applicable, which means that in the event of your passing, you can leave your assets to your lovedones tax-free.
There are no broad social issues such as widespread unemployment, poverty, and economic deprivation.
As a result Cyprus has huge investment appeal as a destination for relocation, retirement and holidaymaking.
Other reasons why Cyprus appeals to South African investors are:
The English language is widely spoken- being an ex-British colony means that there is no language barrier;
Living in Cyprus is not a requirement to retain your residency status;
You can earn a Euro-based income by renting out your property;
The education is Euro-accredited- which gives your children and grandchildren a distinct advantage when entering the global job market;
Other European countries are on your doorstep- Cyprus has two International Airports and several marinas;
First-world medical facilities and affordable healthcare is readily available.
DON’ T MISS THE CYPRUS INVESTOR TRIP WITH REIMAG FROM 22 – 30 SEP- TEMBER 2018
Join Real Estate Investor Magazine and Cypriot Realty on an investment trip to Cyprus from 22 September – 30 September to visit Cyprus and gain first-hand experience of its beauty and investment potential. Cypriot Realty is offering 4 nights’ free accommodation in a 5-star hotel in Paphos, Cyprus. To make your booking contact Jenny Ellinas on + 27 83 448 8734 or email jenny @ cypriotrealty. com
50 AUGUST / SEPTEMBER 2018 SA Real Estate Investor Magazine