Development Elysium Gates, Peyia Village

Heated communal swimming pool and terrace area. Some apartments have private garden areas. Some apartments have private roof terraces. Underground car parking. Communal game room.

Elysium Gates is a compact and smart development of just 22 apartments surrounding a large heated communal pool with a generous sunbathing terrace area with landscaped gardens areas. It overlooks the western coastline of Cyprus from its gently sloping elevation. The surrounding area is quiet and residential. Shops, restaurants and bars and many other village facilities are to be found very close by.

All balconies face the sea to benefit from the panoramic views of the western coastline.

Nearby is an English school 'The Learning Centre' which has an excellent reputation.

The development is already completed but there are some 2 bedroom and 1 bedroom apartment opportunities. The popular location makes them an attractive and affordable investment.

Peyia Village has an established and friendly, safe local community. Ideal for children and families. It is only 5 minute drive to the beach and the tourist area of Coral Bay with its spectacular sandy beaches and restaurants that offer cuisine from all corners of the world. It is only a 15-20 minute drive to Pafos. The pretty harbour of Agios Georgios is close by offering charming picture postcards views of colourful little fishing boats. You can also explore the wild and unspoilt Akamas Peninsular with its rocky coastline, the amazing gorge, deserted beaches and nature walks.


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%