TOP 5 reasons to choose Cyprus for living and investment

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Cyprus is the third largest island in the Mediterranean and the third most populous. The high quality of life, the Mediterranean climate, the convenient location of the island and the well-developed infrastructure attract foreigners to move to Cyprus with their families.

At the same time, many people are considering investing in Cyprus.

This is because the investment potential of Cyprus is growing exceptionally fast and provides many new opportunities. Foreign investors are showing more and more interest in the Cypriot real estate market every year.

In 2022, the demand for Cypriot property has increased significantly. Over 5,000 properties have been sold in Cyprus.

So, we have identified the main reasons why Cyprus is so attractive for living and investing in real estate.

✅ Cyprus is ideal for the whole family

Cyprus is a great place to live and work: the island has 300 sunny days a year and Cyprus is one of the safest countries in the world with a population of up to 1.3 million people, the health care system provides free medical care, a large number of schools teaching in English, sports centers and clubs for the development of your children.

Also, almost all locals speak English, and you will not have any language barriers.

✅ Cyprus legal and tax system

The legal system based on English law, which is structured and understandable, reliable banking services, low taxes and the ability to legally optimize taxation for both individuals and legal entities are fundamental factors for investing and doing business in Cyprus.

For instance:
– legislation allows foreigners to become tax residents of Cyprus in just 60 days.
– a profitable The Cyprus IP regime, which allows you to reduce the effective corporate tax rate to 2.5%.
– 0% tax on dividends and interest income
– no tax on wealth, inheritance and gift
– no annual property tax

✅ Real estate in Cyprus is the most profitable in the European Union

This is not a loud statement, indeed real estate in Cyprus is one of the most profitable investments in Europe.

Prices in Cyprus are much more attractive and affordable than in most European markets and with relatively low average prices per square meter, the yield of property in Cyprus reaches about 7% per annum. This is significantly higher than in Greece (4%), Italy (3%) or France (2%).

In addition, Cyprus also has the advantage of a longer tourist season than most other European countries.

Therefore, if you are planning to buy property in Cyprus and earn passive income, then Cyprus is the perfect place!

✅ Investment future of Cyprus

Real estate experts consider Cyprus the most promising and profitable European market. This is due to the stability and attractiveness of prices, as well as the influx of new infrastructure projects.

For example, the New Marina Project and expansion of the Larnaca port is the largest infrastructure project that has already attracted a significant investment of 1.2 billion euros and will include state-of-the-art retail space, luxury apartments and offices of key international companies, restaurants, hotels and other infrastructure facilities.

Also, in Cyprus there is an influx of foreign enterprises that relocate their employees, which creates a high demand in the residential real estate market in Limassol, Larnaca, Paphos and Nicosia.

✅ Immigration status through the purchase of real estate

Buying a property in Cyprus and obtaining residence permit or even permanent residence is a very good bonus for those who plan to have a “Plan B” in the form of a second home, along with a profitable investment and the prospect of obtaining citizenship and an EU passport.

The fastest and most popular option to obtain permanent residence in Cyprus through the purchase of real estate is the program of accelerated issuance of a residence permit in Cyprus, which is called Fast-track, the application consideration period is from 2 to 6 months.

It is necessary to buy a property in Cyprus from €300,000 and the investor and family can obtain an indefinite immigration permit.

📌 After reviewing the main advantages, it becomes obvious that investing in property in Cyprus will provide many opportunities for you and your family.

You can receive passive income, or replenish your investment portfolio with a profitable investment, or apply for immigration statuses for your family and live in a safe and comfortable country of the European Union, or combine all the possibilities at once.

 

We will be glad to see you in our office in Cyprus!
Leave us a request or call the Feod Group office in Larnaca
+ 357 99 849 525 (whatsapp)

 

OBTAIN PROFESSIONAL IMMIGRATION ADVICE

If you have any questions in any of the directions, please contact us.

Why clients choose Feod Group

Since 1992, Feod Group has been providing a wide range of legal, business and immigration services in Europe, the USA and other countries of the world.

The company has accredited western lawyers, experts in various fields of law and jurisdictions of the world.

Having offices in Europe and the USA, Feod Group provides rapid paperwork and maximum customer comfort.

We provide our clients with related services, such as relocation and adaptation abroad, organizing family relocation abroad, enrollment of children in schools and many other services.

READ ALSO:

🔹 How to register a company in Cyprus
🔹 Taxes in Cyprus. Non-domicile Tax Regime (Non-Dom Status)
🔹  Permanent Residence Permit by Investment in Cyprus

Article author

Anastasia Taran Head of Corporate Services
Ukraine
In 2013, she graduated in law from the National University «Odessa Law Academy» with honors and received a Master of Law degree. Anastasia Taran has experience in international and contract law, as well as corporate and tax law in Europe. Within the framework of Feod Group, she specializes i...
In 2013, she graduated in law from the National University «Odessa Law Academy» with honors and received a Master of Law degree. Anastasia Taran has experience in international and contract law, as well as corporate and tax law in Europe. Within the framework of Feod Group, she specializes in immigration and corporate law of European countries, particularly:
  • family and corporate immigration solutions.
  • establishing a business in Europe.
  • personal and corporate taxation in Europe.
  • opening accounts in European banks.
  • obtaining a tax resident status.
read more
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