Navigating the complex landscape of international real estate investment can be overwhelming. This is where Cypriot Realty excels as the go-to partner for managing the process, ensuring a seamless and stress-free investment journey.
Permanent Residency Programmes
Cyprus offers compelling permanent residency programmes designed to attract foreign investment by providing streamlined pathways for investors to secure residency. These programmes offer numerous benefits and are increasingly popular among South African investors.
Investment Programmes
Cyprus Fast Track Permanent Residency Programme
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- Investment Requirement: Minimum investment of €300,000 in real estate.
- Processing Time: Typically 10–12 months.
- Who Qualifies: The investor, spouse, and all dependent children up to the age of 25.*
- Benefits: Permanent residency for life (automatically renews), membership of Cyprus’ National Health programme, and the ability to rent the property to earn a Euro-based income.
Start your journey today. Book a tour with Cypriot Realty to explore the best properties in Cyprus.
Cyprus’ Category C Residency Programme:
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- Investment Requirement: No minimum; can include resale properties.
- Processing Time: Typically 48 months.
- Who Qualifies: The investor, spouse, and all dependent children up to the age of 25.*
- Benefits: Non-related investors can purchase together, using the jointly-owned property in the residency application; can rent the property to earn a Euro-based income.
Secure your future with Cypriot Realty. Download our property brochure to discover premium investment opportunities.
Changing Regulations
Recent changes in European Union policies have made certain countries alter their investment criteria to be more expensive, or have resulted in them closing their residency programmes altogether.
- Portugal has closed its Golden Visa programme for investors purchasing real estate.
- Greece has increased the minimum investment to €800k in high-demand areas.
- Ireland has abolished its Residency by Investment scheme.
- Malta now requires proof of assets of at least €500k, with at least €150k in financial assets.
- Spain is considering doubling the minimum investment amount to €1M or abolishing the programme.
- Even Australia has scrapped its Golden Visa.
But Cyprus is still open and remains very attractive for investors.
Financial benefit of early investment
Investing early in Cyprus’s real estate market offers significant financial benefits, including rising property values and attractive tax incentives. Property prices have been steadily increasing by approximately 4-5% annually in recent years.
- Favourable Tax Regime: Cyprus boasts one of the EU’s lowest corporate tax rates at 12.5%. There are also no inheritance taxes, and the country has double taxation treaties with over 60 countries.
- Rental Yields: Prime locations like Paphos offer rental yields ranging from 4% to 6%.
Don’t miss out on prime opportunities. Download our property brochure to learn more about investment benefits in Cyprus.
LONG-TERM SECURITY AND RETURNS
Cyprus provides long-term security and substantial returns. The stable economy, bolstered by sectors such as tourism, shipping, and financial services, ensures a robust investment environment.
- Economic Stability: Cyprus has maintained a steady GDP growth rate of around 3% in recent years.
- Strategic Location: Situated at the crossroads of Europe, Asia, and Africa, Cyprus serves as a strategic hub for business and trade.
LIFESTYLE IN CYPRUS
Cyprus is regarded as one of the safest countries in the world, and year on year sees an increase in property sales to overseas buyers, especially in the western part of the island. Huge investment is pouring into the economy with all the infrastructural developments and the enormous natural gas fields.
It’s easy to fall in love with Cyprus, especially with the first-world lifestyle aspects intertwined with an authentic Mediterranean island atmosphere. However, it is the excellent quality of life on offer that is driving investors in their droves to look seriously at Cyprus as their new home.
CYPRIOT REALTY
Your key to living in beautiful Cyprus! Contact us today:
Mobile: +27 83 448 8734 (SOUTH AFRICA), +357 965 92 444 (CYPRUS)
Email: jenny@cypriotrealty.com
Offices in Cape Town, Sandton and Cyprus
Web: cypriotrealty.com
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