Worldway Exclusive Report: According to the latest tax policy announced by Cyprus this year, investors who purchase real estate (including land and property) before December 31, 2016, will be exempt from capital gains tax when selling their real estate in the future. In other words, if you currently invest in an estate in Cyprus to obtain EU citizenship, you can enjoy the capital gains tax exemption when selling.
【Tax Benefits】
At the same time, there are also transfer tax benefits. For properties purchased before December 31, 2016, where value-added tax (VAT) is applicable (properties approved after May 1, 2004), the transfer fee is waived; for properties purchased before December 31, 2016, where VAT is not applicable (properties approved before May 1, 2004), the transfer fee is halved, meaning only 50% is payable.
With the rapid increase in wealth among Chinese individuals, reasonable tax avoidance has become a primary concern for most wealthy people. Cyprus, as a top global tax haven, will attract more Chinese individuals to immigrate and invest with further tax reductions. Cyprus has the lowest tax rates in Europe, with a corporate income tax of only 12.5% and no inheritance tax. Moreover, Cyprus has signed double taxation avoidance agreements with 50 countries and regions (including China), providing a favorable tax system.
Such favorable tax conditions present a great opportunity for investing in real estate and immigrating to Cyprus. Worldway's European immigration experts state that an investment of 2.5 million euros in Cyprus can secure a 28-acre estate and EU citizenship. In this affluent Mediterranean country, land resources are scarce, appreciate quickly, and offer high returns on investment. Compared to traditional real estate investments, investing in estates has the following advantages: low costs, ownership of land without high taxes; easier to sell after three years; the option to sell land to developers for construction or to the next investor; land requires no maintenance, making it more worry-free; the option to create your own luxury estate or build multiple villas for rental. With Cyprus introducing capital gains tax incentives, choosing estate investment for immigration to Europe is a wise choice.
【Worldway President with Cyprus President Nicos Anastasiades】
As a leading organization in domestic European investment immigration, Worldway continuously innovates and improves, becoming an industry pioneer. Currently, Worldway offers a 28-acre Coral Estate with sea views, located in the popular Mediterranean tourist city of Paphos. Just 400 meters from the sea and a 10-minute walk to the most famous tourist area in Paphos—Coral Bay. With an investment of around 2.5 million euros, you can own the Coral Estate, which has a century-long heritage, and obtain EU citizenship for your entire family, fulfilling your desire to live in Europe. For more details, please contact: 400-138-2929