Real Estate Investor Magazine South Africa July/August 2019 | Page 52

CYPRUS What is the definition of Plan B for a South African Options for South Africans looking to relocate F irstly, South Africans love their lifestyle and might not want to relocate but they are anxious and stressed about a few things, including the following: FAMILY: Due to the changing dynamics in the country, locals are concerned about their families wellbeing. The family’s safety and security due to the impact of politics and corruption. The quality of education and job opportunities for the youth of the population. If the age of retirement will change as locals are concerned if they can afford their lifestyle and healthcare as they grow old. MAINTAINING LIVING STANDARDS: The following factors will affect locals’ living standards and they are concerned if they can maintain their current lifestyle. Increasing taxation ( a shrinking tax base) Rapid rising costs of quality medical service (Brain drain on doctors) The impact of local and imported inflation (imported prices are up dramatically) The cost of travelling abroad is rising and becoming too expensive. Air tickets have increased by 20% in price compared to last year. South Africans deal with the above issues very differently: Best explained by 3 analogies: The Frog - the unconscious victim, ‘it doesn’t affect me’. The Ostrich, the conscious victim, ‘it will come right’. The road runner, the conscious victor, ‘I made a decision’. “Every individual and family have different needs and wants and must decide what is the solution to adopt but no responsible and accountable person who has the power to take a decision should sit on his or her hands; a PLAN B is a way forward to deal with the stressful issues. As we at Quality say, Future-Proof Tomorrow, Protect your Family and 50 JULY/AUGUST 2019 SA Real Estate Investor Magazine Preserve your Wealth in this disruptive and uncertain world we live in,” comments Costas Souris of Quality Group; INTRODUCING GOLDEN VISA PROGRAMS These programs were introduced to stimulate economies and employment. Principally in the construction and property industry. The multiplier effect on an economy cannot be underestimated. “Using Cyprus as an example, the government further supported the program with many initiatives including tax reform and incentives.” Said Costas The Golden VISA program has had remarkable success with over R96-billion being invested into the Cyprus property market since 2013. The success of the program is illustrated by an unemployment rate that has dropped to below 6% and the economy being one of the fastest growing in the EU. Golden Visas in Cyprus give much more than lifelong residency in an EU country and can evolve into EU Citizenship and passports. It is an investment destination giving Euro passive income in projects like student accommodation, the right to holiday, relocate or retire to at any time, travel visa free to other European countries (Italy, France, Germany, The Netherlands and Luxembourg). Along with access to first world healthcare and a quality of life rated by Knight Frank as the 5th Best Relocation destination in the World. This also includes access to British education and degrees including Medicine at half the price of the UK and the lowest crime rate in Europe! Want to know more? WHICH ONE ARE YOU? For more information on an affordable PLAN B with the option to invest for passive income in €uro or relocate or retire, join us on an inspection trip. Join Quality Group on an inspection trip www. qualitygroupsa.com/inspection/ For more information please contact Quality Group on [email protected], 011 440 8006