Priced From R10,100,000
Number of Villas 1
Size From 245m² to 300m²
New Development Profile
3 storey villa in touristic area in Kato Paphos with 4 bedrooms , 3bathroom, covered parking, private pool, smart home system and underfloor heating.
- 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!
- 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.
- 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%