Why Invest in a Cyprus Property

Main Reasons for Purchasing Property in Cyprus:

  • The property market is one of the fastest growing in the EU. Prices are increasing by an average of 20% per annum.
  • Property prices are still far lower than in many other European countries. 
  • Increase in the number of golf properties available. Many more golf courses are now being promised on the Eastern side of Cyprus – Ayia Napa, Protaras, Larnaca 
  • Comparatively low tax rate, including a Double Tax Treaty with the UK.
  • Capital Gains Tax of only 20% and Corporation Tax for Cypriot limited companies (through which you can own your property) at only 10%. 
  • UK pensions can be received tax free in Cyprus.
    · Foreign residents permanently residing in Cyprus pay only a 5% flat rate of income tax. 
  • 340 days of sunshine a year make it a comfortable and enjoyable place to live. 
  • High standard of living, with good facilities, including top class golf courses. 
  • Low cost of living. 
  • Comparatively low crime rate and friendly people. Criminal offences run at almost one-sixth of the European average 
  • Excellent medical facilities. Healthcare standards are very high and most GPs and specialists are UK trained. UK education system in many schools and offshore business advantages. 
  • Predicted growth in tourism over next 10 years by approximately 4.6% 
  • British based legal system, with all English speaking solicitors 
  • Advanced banking systems 
  • Very efficient land registry with very simple procedures, similar to UK Systems. 
    A home away from home where it is mainly a greek culture, but the English language is widely spoken in shops, banks,
  • restaurants, throughout the whole Island
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