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Is Cyprus suitable for real estate investment and what are the risks?
If you are looking for an attractive object for long-term investment, interested in obtaining European citizenship, or looking for an elite apartment or penthouse for a comfortable family life, choose Cyprus property.
Why is Cyprus suitable for real estate investment?
Cyprus stretches over 9,000 square kilometers in the eastern Mediterranean. This island has a mild subtropical climate. The sun shines here 300 days a year, and all this time it is quite possible to swim on the cleanest beaches. There are many natural and cultural attractions, and 3 of them are included into the UNESCO World Cultural Heritage List.
In addition to its attractive geographical location and comfortable living conditions, Cyprus is also chosen by those investors who are interested in obtaining citizenship of a EU country. It is possible to obtain a permanent residence permit with an investment amount of 500,000 euros, while 2,500,000 euros open the way for an EU passport.
Benefits of a European passport
In general, an EU passport is the name for passports of each European Union member state. They are provided for by the Maastricht Treaty, which came into force in 1993: a person with any EU citizenship status automatically becomes a citizen of the Union and receives a European passport. EU citizens are free to choose where to live and work within Europe. Simply put, having received a Cyprus passport, you can enjoy the freedom of movement, residence, work, study or participation in pension or educational programs of any of the 27 EU countries! The Cyprus passport also opens the borders of the UK, which has already left the European Union, as well as Canada, Singapore, New Zealand and the United States.
This is why many of the avid travelers are so eager to get an EU passport.
Among the 27 countries of the Union, Cyprus ranks second in the number of naturalization passports issued and the return on investment. Moreover, no country dares to take the first place in this rating.
There are reasons for that. Cyprus, in addition to its excellent geographical conditions and climate, also has a high level of medical care and education, and among European countries, this island has the lowest level of taxation and crime in the EU. It is a great place to work, raise children and invest in real estate.
What are the risks of investing in real estate in Cyprus?
The purchased property is easy to rent. Moreover, a reliable real estate agency organizes the selection of tenants simultaneously with your purchase of a new property. This way, you can continue to live in your home country and immediately start receiving a return on investment through an instant lease.
A reliable company, Prime Real Estate, handles these issues best. Specialists will help you in all matters related to naturalization, the acquisition of investment or residential real estate, as well as with the registration of a European passport or residence permit.
The company has over 10 years of experience in the industry. This means that you will receive high-quality service and full-fledged management of your project, including negotiations with future tenants and further utilities of the purchased property.
Visit the official website of Prime Property Company in China https://www.prime-property.com/zh/ for a comprehensive consultation.
Более подробную информацию о налогах и сборах при покупке недвижимости на Кипре вы можете получить на нашей странице.
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