It is allowed to buy residential or commercial property. If an investor chooses a commercial facility, he will also have to buy or rent a home in the country. Under the terms of the permanent residence program, the investor must have a permanent address of registration in Cyprus.
The investor has the right to buy one or two primary properties for a total amount of €300,000. VAT is paid separately: the standard rate is 19%, but when buying a single home for yourself, it is reduced to 5%. It is not possible to invest in resale property.
Immigrant Invest offers proven properties, including those at the excavation stage. You can buy them without commission. Our lawyers organize trips to Cyprus and accompany investors when choosing an object.
Examples of properties in Cyprus
Residents of Cyprus enjoy almost the same rights as citizens: they have the right to live, do business and study in the country without restrictions. Investors can also optimize taxation: in Cyprus there are no taxes on foreign income and inheritance, low rates of property and income tax. The corporate tax rate in the country is one of the lowest in Europe - 12.5%.
After five years, the investor has the right to apply for citizenship. The Cypriot passport opens up even more opportunities for living in the country and traveling around the world: Cypriots visit 176 countries of the world without a visa, including the EU states, the UK, Japan and Singapore.
Immigrant Invest is a licensed agent of the permanent residence program in Cyprus for investment. If you want to become a resident of Cyprus and buy property in the country, please contact investment program experts for advice.
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