Top 3 Reasons to Invest in Cyprus
Time of destiny 2/4/2020
1. Easy Track to Citizenship
Many countries around the world have been working to create incentive programs that will bring much-needed capital into their countries. Cyprus is one of these countries that has developed a very appealing program for foreigners that offers more than just real estate.
The PRP, or Permanent Residency Program, offers members of the EU a chance to become permanent residents on the attractive island. Here are some stats to consider:
2. ROI
Unlike other countries, Cyprus, offers a very attractive and transparent investment model, with real ROI. After only five years your assets can be sold which is a prime time for market appreciation. As a dual citizen, you will also reap the benefits of the low tax rates.
This also means that you won’t pay VAT upon purchase if the property is €500.000. Cyprus has multiple investment opportunities where you can see a great rate or return. Here are just a few ways you can invest:
3. Rentals
Last but not least, if you neither have nor wish to purchase a Cyprus residence, yet, you can take advantage of the rental business. As you can imagine, rentals on an island that spends almost 100% of the time in the sun, is very lucrative. Choosing a Property Group, such as Prime Property, gets you to access to a wide variety of long-term, short-term rentals, as well as holiday flats.
On the investment side of things, you can also rent out properties you have purchased for a nice and steady earning opportunity.
1. Easy Track to Citizenship
Many countries around the world have been working to create incentive programs that will bring much-needed capital into their countries. Cyprus is one of these countries that has developed a very appealing program for foreigners that offers more than just real estate.
The PRP, or Permanent Residency Program, offers members of the EU a chance to become permanent residents on the attractive island. Here are some stats to consider:
- Almost ½ of all purchase deals were done by non-Cypriots
- Free movement rights with an EU passport
- Citizenship is passed down generationally.
2. ROI
Unlike other countries, Cyprus, offers a very attractive and transparent investment model, with real ROI. After only five years your assets can be sold which is a prime time for market appreciation. As a dual citizen, you will also reap the benefits of the low tax rates.
This also means that you won’t pay VAT upon purchase if the property is €500.000. Cyprus has multiple investment opportunities where you can see a great rate or return. Here are just a few ways you can invest:
- Government bonds
- Assets in Cyprus companies
- Commercial, land development, and infrastructure
- Residential
- Commercial
- Cypriote businesses
3. Rentals
Last but not least, if you neither have nor wish to purchase a Cyprus residence, yet, you can take advantage of the rental business. As you can imagine, rentals on an island that spends almost 100% of the time in the sun, is very lucrative. Choosing a Property Group, such as Prime Property, gets you to access to a wide variety of long-term, short-term rentals, as well as holiday flats.
On the investment side of things, you can also rent out properties you have purchased for a nice and steady earning opportunity.
