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ESTATE LIVING
1st Floor Lona House
212 Upper Buitengracht
Bo Kaap, Cape Town, 8001

BUSINESS DEVELOPMENT
Jaime-Lee Gardner
jaime@estate-living.co.za
072 171 1979

CREATIVE, DESIGN & CONTENT
Louise Martin
louise@estate-living.co.za
073 335 4084

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Cyprus’ Permanent Residency Programme is the Best In Europe!

By Jenny Ellinas

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Cyprus’ Permanent Residency Programme is the Best In Europe!

By Jenny Ellinas

, |

3 min read

The timing is perfect to put a plan in place for you and your family to secure a Plan B. Nothing is more expensive than a missed opportunity.

Cyprus – an English-speaking, ex- British colony and full member of the EU – has the quickest, most inexpensive and most attractive permanent residency programme available in Europe.

Fast Track Residency Programme

The FAST TRACK residency programme currently has the following nine benefits and predominant differentiators to the EU residency programmes on offer in Greece, Malta, Portugal and Spain:

  1. It is the most affordable residency programme in Europe
    • an investment in a residential property secures permanent residency permits for the whole family;
    • only two-thirds of the purchase price needs to be paid upfront before the application process can begin (all other countries require full payment to be made); and
    • finance can be secured in Cyprus for the balance.
  2. Dependant children up to the age of 25 qualify (as long as they are full-time students).
  3. Both sets of parents AND parents-in-law qualify.
  4. Everybody’s residency permit is FOR LIFE – the permits automatically renew every year.
  5. It only takes 8–10 weeks for the residency permits to be processed and approved.
  6. No need to stay/live in Cyprus: except to visit the country one day every two years – so you can continue to live and work in South Africa while retaining your EU residency status.
  7. No minimum annual tax levied for your residency permit to remain valid; and Cyprus’ personal and corporate tax rates are the lowest in Europe.
  8. No inheritance tax: this is highly advantageous for legacy planning.
  9. The annual property-ownership costs (council taxes, levies, rates, etc.) are one of the cheapest in Europe.

‘The best time to plant a tree was 20 years ago. The second-best time is now.’ – Chinese Proverb

With many countries offering seemingly attractive residency benefits, the choice of where to invest can be daunting. The complexities of understanding the multitude of legal and tax implications, coupled with language and cultural issues, sometimes makes even thinking about a ‘Plan B’ a non-starter.

We arrange personalised property inspection trips across to Cyprus to view property opportunities, set up meetings with attorneys, the bank, schools, etc. in Cyprus; and we offer a full turnkey service to make your experience pleasant and memorable.

Another huge benefit of investing in Cyprus is the fabulous lifestyle on offer. Being an ex-British colony, there is no language barrier – everyone speaks English and all the documentation is in English.

Cyprus has a relaxed, stress-free lifestyle, offering an ideal family environment. Your children and grandchildren will benefit from excellent schools and tertiary education institutions (all Euroaccredited); and the healthcare facilities and medical care are world class. Cyprus is very similar to South Africa. The golf courses are world class, the countryside is breathtakingly beautiful, and Cyprus has 66 Blue Flag beaches, the cleanest seas in the Med, and a mountain range where it snows for three months of the year. This is a country for enjoying and exploring.

With a portfolio of over 325 completed projects to chose from – front-line seafront villas, villa estates, townhouse complexes and apartments – we have a solution for every budget. Some of our properties come with a guaranteed rental, so you know your asset in Europe is really working for you, which makes property ownership less risky.

Cypriot Realty opened its doors with the intention of assisting clients to make informed decisions about considering Cyprus by showcasing the many benefits of property ownership, opening a business and being exposed to a thriving economy – in addition to an affordable and unparalleled Mediterranean lifestyle. We have an impressive 13-year track record of assisting many people in finding their perfect home, assisting in facilitating the permanent residency application process and also in the physical relocation to Cyprus.

Contact us for a confidential meeting to discuss how Cyprus can fit in with your offshore plans – we will assist and guide you every step of the way to realise your Plan B.

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