Whether you are considering what to do once you retire or are considering a longterm investment, you should be looking into Cyprus. In this article, you will find why Cyprus offers a unique and affordable option no matter what you are looking to do.
Let’s dive in.
When it comes to a good investment most people think about property. Once the European Union was formed, the opportunity to invest in different areas also became possible. Many people, however, don’t consider Cyprus. The beautiful islands offer an excellent quality of life as well as a lucrative business opportunity.
Cyprus offers an investment programme for non-citizens to purchase property for sale in Cyprus. Companies like Prime Property specialise in assisting people to go through the straightforward process of getting Cypriot citizenship so they can take advantage of all the many benefits.
Benefits of Purchasing Property in Cyprus
Unlike other countries, whose pathway to citizenship can be lengthy, confusing, and expensive. Cyprus has created a clear and transparent approach to naturalizing new citizens and even offers incentives to do so. To become a permanent resident of Cyprus, you will need to meet the following criteria:
- Purchase or rent a property in Cyprus for residential purposes
- Annual income from non-Cypriot Sources
- Must visit the country once every two years at least
- The property needs to be a non-resale worth over €300,000 (plus VAT)
Prime Property provides support as well as purchasing the right property to qualify for residency. They are also property developers so as an investor you can take advantage of new developments as well.
If you can meet these requirements then you can enjoy these incentives:
- Healthcare and education
- Lowest tax rates in Europe
- Access to legal and accounting services
Where to Start
If you would like to take the first step, rentals are a great way to experience various areas in Cyprus as well as meet with locals and understand the investment potential. Depending on your timetable you can choose holiday rentals, long and short term rentals as well.
This will expose you to a variety of communities that vary from quiet family neighbourhoods to exciting cityscapes and everything in between. Here are a few places you should consider visiting:
Nicosia – The capital offers an exciting city life as well as top educational opportunities
Limassol – This charming coastal town offers everything from shopping to medieval castles
Paphos – a popular spot for Brits and a top spot for international schools
Larnaca – A quiet relaxed town with affordable housing and a relaxed atmosphere
If you are considering investing abroad, Cyprus is a lucrative option. Cyprus offers a range of benefits as well as a unique opportunity to citizenship. Choose a trustworthy agency, like Prime Property to buy a property for sale in Cyprus so you can take advantage of this amazing opportunity today. Renting a property first is a great way to get a feel of the different options available to you.