Residential Estate in Cyprus

From R5,900,000

Development Sapphire Heights, Konia
Web Ref No ND41
VILLA
Priced From R5,900,000
Number of Villas 14
Size From 221m² to 286m²

New Development Profile

Sapphire Villas, is a select development of 14 three bedroom detached 2-storey villas located in the prime, established residential area of Konia.

Sapphire villas, a project situated in Konia, the most attractive area for locals here in Pafos. Konia is a newly developed area in our city but due to limited availability of land there are only a few projects for sale in the area. Our company is now ready to start the construction of 14 three bedroom villas.

Sapphire Villas, is a select development of 14 three bedroom detached 2-storey villas located in the prime, established residential area of Konia, just a 5 minute drive to Paphos and with both local and private hospitals close by. The private International School of Pafos, which has an excellent reputation, is close at hand.

The villas will meet your highest expectations in respect of construction and high quality fittings are standard. At the early stage of construction you will be able to choose tiles, kitchen cabinets and other fittings to suit your own taste.


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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