CYPRUS (EU) CITIZENSHIP VIA INVESTMENT PACKAGE WITH A YIELD OF 5 PER CENT PER ANNUM FOR A PERIOD OF 3 YEARS
CYPRUS (EU) CITIZENSHIP VIA INVESTMENT PACKAGE.
Proposed investment Package:
This is structured to meet the requirements of the programme as well as offering a diverse investment portfolio with yearly return & capital growth.
All properties listed have Title deeds, which are not subject to encumbrances and mortgages.
A. Primary Residence: Whole floor apt in Yermasoyia area Limassol.
This is a top end residential building consisting of only three whole floor apts.
The first floor apt consists of 3 bedrooms all ensuite, an office/4th bedroom, living dining room, kitchen & breakfast dining area as well as large veranda with panoramic sea views. There is an additional small studio room at the swimming pool level.
Fully furnished to a good standard including Central Heating and air conditioning.
There is a Communal swimming pool.
200m for the floor Plus 75sq.m store room, studio, covered parking etc.
B. Pyrgos Area in Limassol:
Only 5 minutes’ drive from the tourist area, St Raphael Marina & the New Seven Star Park Lane Hotel, Grand Hotel, Elias Beach Hotel & the new Casino.
1. 3 bedroom detached house with additional third floor room & private swimming pool. 200m covered area. Plot: 350m2
2. 3 bedroom detached house with an additional third floor room with communal swimming pool 200m covered areas. Plot: 335m 2
3. 2 bedroom semi – detached house with an additional third floor room with communal swimming pool 150m covered area.Plot: 200m
4. 3 bedroom ground floor apt with communal swimming pool 125m covered area. Plot: 200m
The above properties will all be sold fully furnished with air conditioning/heating.
|A. The Primary Residence. €670,000 + vat 5%: 33,500. €703,500|
|B. Pyrgos houses & Apt:|
|1. House with swimming pool €405,000+ vat 19%: 76,950. €481,950|
|2. House with com. swimming pool €385,000+ vat 19%: 73,150. €458,150|
|3. Semi-detached House €295,000 + vat 19% 56,050. €351,050|
|4. 3 bedroom G. Floor apartment €250,000+ vat 19% 47,500. €297,500|
|€2,005,000 + VAT: €287,150|| TOTAL EXPENDITURE: €2,292,150
CAPITAL GROWTH:Guaranteed rental return of 3 years on Pyrgos Houses & Apts:
These properties will be allocated to the developer for 3 years. The developer will rent them out and pay annually to the owner the sum of:
Analysis: Total value: €2,005,000. GUARANTEED € 100,000/ per annum. 5% RETURN PER ANNUM.
All five properties are price including VAT at between €2300 – €2560 per sqm and as such have potential for growth which will be tax exempted.
Most properties offered for the passport scheme are in excess of €10,000/m with limited growth potential.
The four investment Pyrgos properties are located in a newly established Touristic area which has exceptional prospects.
Another important development is that pyrgos has been placed in the Limassol Tourist Zone. further more the development of the Technical Department of the Cyprus University nearby will have a significant boost to the area.
BENEFITS OF THE CYPRUS EU CITIZENSHIP PROGRAMME:
FAST AND SIMPLE – Cyprus EU Citizenship by Investment can be obtained within 3 months. This is Valid for the whole family.
NO RESIDENCE REQUIREMENTS – Investors must visit Cyprus at least once every 7 years.
FREE MOVEMENT – Citizens have the right to live, work and get an education within the European Union, Free movement of goods, services and capital, Visa-free travel to over 158 countries including the EU and Canada
PROTECTION – Protection by the diplomatic or consular authorities of any EU country
LANGUAGE – There are no language requirements
NO DONATION – No donation to the Cyprus Government is required
RIGHT TO VOTE – All European Citizens have the right to vote and stand for European Parliament Elections
DUAL CITIZENSHIP – No need to renounce previous nationality as dual citizenship is allowed.
ELIGIBILITY – All nationalities are eligible for the programme
NO TAX CONSEQUENCES – No tax consequences unless one opts to become a tax resident in Cyprus.
INVESTMENT CRITERIA AND CONDITIONS:
1. Cyprus EU Citizenship may be obtained through a secure property investment of €2 million, provided the properties all are residential.
2. The investment can be a single property or combined property portfolio.
3. The main investment may be sold after a period of three (3) years, however, the investor must always maintain / purchase a property with a value of at least €500,000.
4. Clean criminal record is required.
5. The investor’s parents are entitled to apply for Cyprus Citizenship by Exception provided that they have purchased a permanent residence of at least €500,000 plus VAT.
6. Valid for family members: Children up to 28 years of age. Also Grand parents can apply with an additional investment for a primary permanent residence of value (€500,000 plus VAT).
7. No Inheritance Tax in Cyprus.