Cyprus Real Estate Offers Many Benefits for Overseas Investors

Become a Cyprus citizen in just 6 months through the Cyprus Investment Program. Being a citizen of Cyprus, a member state of the European Union, you have the right to reside, work and study in any of the 28 EU member states, as well as Norway, Liechtenstein, Iceland and Switzerland. Also you can enjoy visa free travel to more than 174 countries. 

In mythology, Cyprus was known as the playground of the gods. Today it is a favorite relocation destination for ex-pats, retirees, and business executives seeking a wonderful life for themselves and their families. Acquiring Cyprus real estate is very popular among Indian investors who have found many benefits beyond the beauty of the island and the relaxed lifestyle that makes every day so pleasurable.

A Paradise for Your Family

Living in Cyprus has many advantages. A European Union state where family is important and elders are respected, Cyprus has friendly residents, great education, and the cleanest bathing waters in Europe. Cyprus is well known for its excellent healthcare system. Affluent individuals will appreciate the safety of the area and enjoy the sophistication of world-class sporting events, and luxurious spa facilities.

Known for being environmentally clean and healthy, the island draws people from around the world with its carefree days and slow-paced Mediterranean life. Most people speak English, and Cyprus is very accommodating to foreign nationals. Cyprus real estate comes with special benefits that can be yours if you own investment property.

Cyprus Permanent Residency Program

An amazing opportunity to enhance your life, Cyprus citizenship can be obtained through an easy fast-trackpermanent residency program. After investing in a first-time sale property and meeting certain preconditions, an individual can apply for permanent residency within two months and citizenship within seven years. The purchaser’s entire family is included in the lifetime program, including parents, spouse, and all children under 25 years of age. Children may keep their status after they turn 25 and after they marry. 

 The residency requirements are simple:

·       Invest €300,000 + VAT in Cyprus real estate

·       Have an annual €30,000 income from abroad for the applicant and/or spouse plus an extra €5000 for each dependent

·       Visit Cyprus at least once every two years (permit holder)

·       Transfer €30,000 from abroad, and leave it in a Cypriot bank for at least three years 

·       Agree to abstain from working in Cyprus

The advantages of having residency in a European Union state are many:

·       Easier access to Schengen Visa for travel throughout Europe

·       Multi-cultural society

·       Advantageous personal taxation

·       Double tax treaty network with over 60 countries including India

·       Application for a Cypriot passport after five of seven years have been spent in Cyprus 

Cyprus Citizenship by Investment Program

If you are a high net worth individual, citizenship by investing in Cyprus real estate is a good choice, especially if you want to engage in business or trade while you reside in Cyprus. You and your family, including your spouse and your children up to age 28, can become lifetime citizens within 6 months. Your parents can also qualify by making a smaller investment of their own. 

The citizenship requirements are simple:

·       Invest an initial €2 million in real estate within given parameters

·       Give €200,000 in government donations

·       Optionally reduce your investment to €500,000 after five years

·       Hold a valid passport with no criminal record

·       Fulfill other qualifications as applicable

The advantages of having citizenship in the European Union are many:

·       Lifetime privileges for you and your family

·       Access to national healthcare benefits across the EU

·       Full residential and working rights in any of the 28 EU member states

·       Visa-free travel throughout more than 174 countries 

·       No requirement to relinquish current nationality

·       Advantageous tax rates and double tax treaties

·       Many business and financial benefits

·       Adding European real estate to diversify your portfolio

Borderless Mortgagor Group  is currently developing and involved in the most prominent landmark Real Estate projects in Cyprus, ideal for investment in or through Cyprus or for relocation purposes. Our clients are mostly from Australia, India, China, Singapore, Malaysia, Vietnam, & Hong Kong. 

We provide a one stop service for all our clients including :

• Property development (3000+ properties)

• Brokerage 

• Immigration services 

• Property management 

• Property rentals & rental management 

• Guaranteed rental between 5% to 6%

• Property Inspection tour for foreigners in 2021

Considering taking the plunge and investing in the real estate market in Cyprus? Contact Borderless Mortgagor Group today to get started on learning about options for living and doing business in this amazing Island.