Residential Estate in Cyprus

From R6,430,000

Development Portokalies Gardens
Web Ref No ND42

Portokalies Gardens in Yeroskipou is a development of 2 ultra-modern villas.

VILLA
Priced From R6,430,000
Number of Villas 2
Size From 294m² to 297m²

New Development Profile

Portokalies Gardens in Yeroskipou is a development of 2 villas, just 2 km from the Yeroskipou beach and 4 km from Kato Pafos centre. You will find them in a peaceful part of Yeroskipou. The area offers a great investment potential due to its proximity to 2 ambitiously planned projects, the "Neapolis Smart Eco" Project and the "Eden City" project.

Portokalies Gardens is just 10 minutes from Pafos international airport and 4 km from Pafos centre.

The two villas are ultra-modern, with attractive stone and the geometric design completes this ultimate statement in modern living.

The American Academy Private School is close by. There are also other private and public educational establishments in the area.
High quality fittings enhance the design. You may be able to choose these to suit your own taste. A swimming pool is optional. Gardens will be conveniently landscaped with low maintenance plants, small bushes and trees.

The location of these villas and the amazing design make them a wise investment choice. As Cyprus is gifted with more than 340 sunny days a year, the location of Portokalies Gardens is the perfect place to sit on your patio sipping wine, make your countryside walks, breath the blue Mediterranean, breath the life.

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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