Cyprus is a shining pearl in the Mediterranean, with a pleasant climate all year round, making it highly suitable for living. In addition to its mild weather, Cyprus boasts numerous Blue Flag beaches and charming coastal scenery, attracting a large number of tourists from Europe and America every year, which is why it is also known as the "Back Garden of Europe."
The tourist season in Cyprus runs from April to October each year. With a seven-month tourist climate, it is the ideal travel destination for Europeans. According to the latest statistics from the Cyprus Statistical Service (CYSTAT), tourism revenue in the country saw a year-on-year increase of 4.2% in October 2017, reaching 277.1 million euros. In a statement on its website, CYSTAT reported that total tourism revenue for the country from January to October 2017 increased by 15%, reaching 2.5 billion euros. During the same period, the total number of arrivals increased by 14%.
The relative stability and significant returns of its investment market have also attracted numerous Chinese investors. Data from the Department of Lands and Surveys of Cyprus shows that Limassol and Paphos have seen the fastest growth, with year-on-year increases of 32.35% and 29.15%, respectively. So, what are the advantages of investing in Cyprus real estate?
Great Potential in the Real Estate Industry
The local real estate industry in Cyprus is mature and well-developed, with high-quality building construction. Various indicators such as energy, environmental protection, earthquake resistance, and engineering meet EU standards. Real estate returns are quite substantial; latest statistics show that the net annual yield from renting properties in Cyprus remains at around 3%. Furthermore, Cyprus has stable economic growth, a developed tourism industry, and the latest natural gas sector is also fueling economic growth; the rapid development of these other industries has greatly promoted the development of the real estate sector. The Cyprus real estate market has now recovered, and significant growth is expected in the future. Economic experts analyze that the appreciation potential of Cyprus real estate in the coming years is promising, with huge investment potential.
Enjoy Generous Benefits as an EU Citizen
1=31. By holding a Cyprus passport, you can freely live, work, and study in 31 European countries (including 27 EU countries such as Germany, Italy, and France, as well as Switzerland, Norway, Iceland, and Liechtenstein), and enjoy the same benefits as citizens in the 27 EU countries.
Children Can Access Excellent Educational Resources
After obtaining a passport through a 2 million euro property investment in Cyprus, children can enjoy 12 years of free public education. For private education, they can also enjoy the same tuition fee standards as locals. This not only saves a significant amount of education expenses for children but also allows for a seamless transition to British-style education, paving the way for children's future studies in the UK and the US.
Tax Haven
As one of the countries with the lowest taxes in the EU, it attracts more foreign investment companies to register on the island. Cyprus is also one of the countries with the lowest tax rates in the EU, with no inheritance tax, no gift tax, and no global taxation. The corporate tax is only 12.5%, and it has signed double taxation avoidance treaties with more than 40 countries, including China, attracting foreign companies from all over the world to set up operations.
Currently, as long as you invest more than 2 million euros in real estate in Cyprus, whether it is one property or multiple properties, as long as the total value exceeds 2 million euros, you can apply for immigration and obtain an EU passport for the whole family. For friends who want to settle in Europe and build a second home overseas, this is a very convenient way to immigrate. It is evident that those interested in investing in Cyprus real estate should act early! Do not miss the good opportunity to invest in real estate. For more immigration information, please call: 400-138-2929.