Cyprus is a vibrant island country in Europe that comes with high standards of educational institutions, healthcare facilities, advanced infrastructure, safe environment and a swift investment option for foreign investors. The cleanest waters and most number of blue flag beaches add to its enthralling beauty. These features make it one of the most desirable countries in Europe. It is the only European country to offer a Permanent Residency program based entirely on real estate. This Program is comparatively economical as the property investment required is EUR 300,000.<\/p>\n\n\n\n
It is an exciting opportunity for potential investors considering diverse investment opportunities. The option of real estate is extremely productive as it procures attractive returns in the long run and also assured in Cyprus. It provides a haven for the investor and also secures the position of the investor\u2019s family. The spouse, children and even financially dependent parents of both the investor and his\/her spouse are included in this Program, thereby strengthening the confidence of the investor. Unlike the other Permanent Residency programs of most European countries, Cyprus Permanent Residency is offered for a lifetime which makes it even more distinctive.<\/p>\n\n\n\n
The processing of the application is carried out swiftly. It takes only around 2-3 months for the entire procedure towards obtaining the Permanent Residency.<\/p>\n\n\n\n
Why should you invest in Cyprus?<\/p>\n\n\n\n
Cyprus is showing tremendous progression in each and every market sector. However, with tourism being its momentous economy driving factor, a property venture for a foreign investor in Cyprus is an unparalleled and advantageous alternative financially. Alike in any tourism sector, there always exists a dearth of properties and owning a property can make the investor a center of attraction both from the market side and consumer side.<\/p>\n\n\n\n
Current data analysis shows that property sales by foreigners have increased to 95% in the past year and surprisingly, foreigners constitute more than 47% of real estate sales in Cyprus. These statistics instill a sense of security in the investors that their investment is positively profitable.<\/p>\n\n\n\n
Adding to tourism, the real estate industry is flourishing immensely due to the recent changes introduced in the tax regime. There is absolutely zero percent tax on gains from inheritance and on property. The VAT for a new property purchased has stooped to an all-time low of only 5% making it even more comfortable for the investor. Moreover, the tax levied on capital gains is minimal and the corporate tax rate is affixed at 12.5%. If the transactions are subject to VAT, there are no charges as part of transfer fees for property transfers.<\/p>\n\n\n\n
In recent times, the largest natural gas discoveries in the wider region of the Mediterranean have been done in Cyprus. This fact reveals in concern with the natural gas is predicted to bring in the maximum economic benefit for Cyprus. In the impending 4 years, it is going to make Cyprus one of the most substantial natural gas providers in entire Europe. The positive impact of this discovery is that real estate prices are further expected to upsurge.<\/p>\n\n\n\n
Conclusively, from an investor\u2019s position, Cyprus is a decent option in Europe as it offers numerous possibilities, beholds a failsafe future and cocoons infinite development potential. It is one of the most recommended foreign investment programs amongst European countries and with proper guidance and assistance from legal experts it can be a successful alternative residence option for prospective investors.<\/p>\n\n\n\n