
Is it worth buying property in Cyprus?
If you are considering buying a property in Cyprus, we advise you to study the..
Cyprus attracts not only with its mild climate and gentle sea, but also with favorable conditions for investors and businessmen. For example, taxes in this country are among the lowest. In addition, a double taxation agreement has been concluded between the republic and Russia. However, the main advantage can be considered the possibility of obtaining Cyprus citizenship in exchange for investment in the country’s economy.
Money can be invested in government bonds, alternative investment funds, opening your own business. A popular way to obtain Cyprus citizenship is to buy or build real estate. In this case, the following investment options are available:
An additional 19% VAT is paid if the property is taxed. At the same time, the main investment can be sold in 5 years. Only residential property worth at least 500 thousand euros will have to be retained for life.
To participate in the investment program and obtain a passport in Cyprus, you must perform the following steps:
After this, the investment program in Cyprus allows you to apply for the children and parents of the investor. They also need to visit the country within 3 months in order to obtain passports.
Our company Estate of Cyprus is involved in the preparation and submission of documents for obtaining Cyprus citizenship. We also provide customer pre-screening. Due to this, the probability of failure at the stage of filing and reviewing the document is reduced to zero.
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