Residential Estate in Cyprus
From R12,000,000
Development Bonita Casa
Web Ref No ND29
Two storey contemporary house located in Paphos Cyprus was designed in 2017 by Medousa Developers.
HOUSE
From R12,000,000
Number of Houses 1
Size From 310m² to 310m²
From R12,000,000
Number of Houses 1
Size From 310m² to 310m²
New Development Profile
Features include: Security Home System, Under Floor Heating, Fully VRV Climatized, Heated Overflow Swimming Pool 4x10meters.
The stunning view of Mediterranean sea and the mountains above drove the architect to make the most of the surrounding landscape. The creation of shaded and fluids open spaces was the solution adopted in this project. As for the volumetry of the building the choice was for pure material with little interferences. The house has two main volumes made of different materials -wood and concrete. They are stacked creating two large structural overhangings. Taking advantage of these shaded areas the living spaces can be expanded according to the season.
Why Cyprus:
- Strategic location.
- Safe. Cyprus is in the top 5 safest countries in the world.
- English widely spoken.
- Favourable tax for Investors, lowest business tax in Europe.
- Advanced infrastructure - Education, Banking, Healthcare, Tourism.
- 300 days of sunshine a year!
Permanent Residency:
- Must purchase new property worth €300,000 + VAT or more.
- VAT will be 5% for the first property purchased in Cyprus instead of 19%.
- PR is guaranteed if all requirements are met (ie. Property purchase, all documents provided) and is received in 2 to 3 months.
- To start the application, at least €200,000 + VAT must have been paid and all documents provided to the lawyers.
- €30,000 must be placed in a fixed deposit account in the name of the applicant in a Cyprus bank for 3 years.
- One purchase can provide PR to husband and wife, any children under 25 years old, parents of the husband and parents of the wife.
- Holders of Cyprus PR cannot work in Cyprus but can own a business.
Citizenship:
- Must purchase property worth €2,000,000 + VAT or more.
- Can be multiple properties which need to be kept for 3 years, after which only property worth €500,000 must be kept for life. (ie. 4 Investment Villas plus 1 Primary Residence).
- Citizenship is granted 6 months after €2,000,000 investment and all documents provided to the lawyers.
- Dependent children up to the age of 28 that are attending an institution of higher education.
- Parents of the main applicant (either husband or wife) can apply for Citizenship after the main applicant has acquired Cypriot Citizenship, as long as they have purchased a property worth at least €500,000 + VAT.
- Citizenship will be passed down through the generations.
- Holders of Cypriot Citizenship can reside and work in the European Union and can travel visa free to 157 countries.
- Access to health care and education throughout the EU.
- Fantastic tax benefits ie corporate tax 12.5%
The stunning view of Mediterranean sea and the mountains above drove the architect to make the most of the surrounding landscape. The creation of shaded and fluids open spaces was the solution adopted in this project. As for the volumetry of the building the choice was for pure material with little interferences. The house has two main volumes made of different materials -wood and concrete. They are stacked creating two large structural overhangings. Taking advantage of these shaded areas the living spaces can be expanded according to the season.
Why Cyprus:
- Strategic location.
- Safe. Cyprus is in the top 5 safest countries in the world.
- English widely spoken.
- Favourable tax for Investors, lowest business tax in Europe.
- Advanced infrastructure - Education, Banking, Healthcare, Tourism.
- 300 days of sunshine a year!
Permanent Residency:
- Must purchase new property worth €300,000 + VAT or more.
- VAT will be 5% for the first property purchased in Cyprus instead of 19%.
- PR is guaranteed if all requirements are met (ie. Property purchase, all documents provided) and is received in 2 to 3 months.
- To start the application, at least €200,000 + VAT must have been paid and all documents provided to the lawyers.
- €30,000 must be placed in a fixed deposit account in the name of the applicant in a Cyprus bank for 3 years.
- One purchase can provide PR to husband and wife, any children under 25 years old, parents of the husband and parents of the wife.
- Holders of Cyprus PR cannot work in Cyprus but can own a business.
Citizenship:
- Must purchase property worth €2,000,000 + VAT or more.
- Can be multiple properties which need to be kept for 3 years, after which only property worth €500,000 must be kept for life. (ie. 4 Investment Villas plus 1 Primary Residence).
- Citizenship is granted 6 months after €2,000,000 investment and all documents provided to the lawyers.
- Dependent children up to the age of 28 that are attending an institution of higher education.
- Parents of the main applicant (either husband or wife) can apply for Citizenship after the main applicant has acquired Cypriot Citizenship, as long as they have purchased a property worth at least €500,000 + VAT.
- Citizenship will be passed down through the generations.
- Holders of Cypriot Citizenship can reside and work in the European Union and can travel visa free to 157 countries.
- Access to health care and education throughout the EU.
- Fantastic tax benefits ie corporate tax 12.5%
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