a better future
The Cyprus passport gives to its owner many advantages, including the ability to permanently live in a country with a comfortable climate and travel to many countries without a visa. You can get it under the program "Citizenship for investments". Now its participants are offered particularly favorable conditions.
1. Reduction of the minimum amount of investments.
It is € 2 million now. At the same time, most of the invested funds can be returned in 3 years, keeping the passport of Cyprus. The exception concerns only housing costs from € 500 thousands, which should be remained in the property. The applicants are offered several options for investing in the economy of Cyprus, including in land, commercial real estate, houses and apartments.
2. Passports for all family members.
Now the citizenship can be issued not only by spouses, minors and children under the age of 28, but also by parents. Thus, the program involves three generations of the family. Children, who will be born after the citizenship obtaining, automatically get the Cyprus passports.
3. Income is not taxed.
Since 2015 in Cyprus, You can get the status of a non-taxable tax resident. It allows You not to pay for income received outside the country.
4. Cancellation of the annual property tax.
Since the beginning of 2017, You no longer need to pay for apartments, villas and other housing each year. Before that, the tax was calculated in accordance with the price of real estate in 1980.
5. Extension of the benefits of Property Transfer Fees.
Property Transfer Fees is a transfer of ownership right, which must be paid while making a deal process. Reduced rates were introduced in Cyprus in 2015, and initially it was planned to return them to their previous level in 2017, but the validity was extended. Now, buying new buildings that are subject to VAT, there is no need to pay tax on the transfer of property rights. If You purchase a secondary property in Cyprus (without VAT), the rate will be reduced from the usual 8 to 4 %.
6. Good prices for real estate.
In 2016, the market began to grow after a long period of decline. The number of transactions for the year increased by 43%. A similar situation was observed in 2017, however, despite the rise in demand, while prices are still below pre-crisis levels, so now buying a home is profitable.
7. Large selection of real estate.
Foreigners, who want to obtain a Cyprus passport for investment, create demand for elite property. Therefore, now in the country it is possible to find a suitable variant practically in any price segment.
Более подробную информацию о налогах и сборах при покупке недвижимости на Кипре вы можете получить на нашей странице.
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