Development Lungomare Villas, Chloraka

Lungomare Villas in Chloraka is a prime and prestigious development of 13 villas, just 150 m from the beach and close to some of the best hotels in the area. This location speaks for itself - opportunities to purchase property in this area are rare.

As if the location was not enough, the design of the villas with their geometrically designed upper balconies, their airy and ultra modern living spaces, all complemented by attractive stone and wood clad fascias and on-trend glass balustrades, make them even more desirable to own. Roof terraces will provide an up close view of the sea and offer a generous outdoor living space for you and your family. Nearby is a very pleasant coastal path where you can take in the fresh sea air and explore the small pretty coves and beaches along this stretch of coastline.

The villas are built to the highest possible standards and styled with high quality fittings. At the early stage of construction you will be able to choose tiles, kitchen cabinets and other fittings to suit your own taste. A swimming pool is optional but will be handy for a refreshing dip during our long warm summer season. Gardens will be attractively landscaped with plants, small bushes and trees.

The villas are suitable permanent living or holidays and have guaranteed rental potential.

Chloraka is only a 10 minute drive to Pafos, situated on the coastal road of the western side of the island. There is huge variety of shops, bars and restaurants close by. In Pafos you will find every amenity you need including two international private schools. You can also drive further along the coast to find more superb beaches at Coral Bay - and just a little further on is the wild and unspoilt Akamas Peninsular with its rocky coastline, 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%