Development Elysium Villas, Peyia

147m² of living space.
3 bedrooms
Large roof terraces
Fabulous views of the coastline
Luxury fittings
Optional swimming pool

Elysium Villas is a highly appealing and select development of 10 spacious 3-storey homes with wonderful 180 degree views of the western coastline of Cyprus. They are in a quiet, quality residential area close to fields and farmland and just a 10 minute walk from shops and a range of other facilities.

The design of the villas is airy and ultra-modern, geometric with clean modern lines, complemented by attractive natural stone and wood clad fascias and on-trend glass balustrades that give maximum impact to the amazing sunsets over the Mediterranean Sea. The roof terraces offer an additional 62sqm generous outdoor living space for your family and friends to enjoy. The Learning Centre English private school is nearby and has an excellent reputation.

As with all our properties, the villas are soundly built and styled with high quality fittings. There are no compromises in our construction; it will exceed your expectations. You may be able to choose tiles, kitchen cabinets and other fittings to suit your own taste. A swimming pool is optional, but highly recommended when the weather in Cyprus is so sunny and warm most of the year. Gardens will be low maintenance and landscaped with an array of colourful plants, small bushes and trees.

Whether you are looking for an investment or a more permanent living, Elysium Villas offer your own piece of paradise for a very affordable price.

Peyia Village is a perfect and popular location with an established and a safe family-friendly local community. It is only a 5 minute drive to the beach and the tourist area of Coral Bay with its famous Blue Flag sandy beaches and 15 minutes to Pafos. Everything you need is on hand. The pretty harbour of Agios Georgios is close by with its picture postcards views of colourful little fishing boats. You can also easily 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%