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April 19, 2021

Best Locations for Property Investment in Cyprus

As property Investment in Cyprus is the most popular investment option among our clients who want to obtain Cyprus Residency, Mann’s Solutions decided to prepare a list of the Best Locations for Property Investment in Cyprus. To obtain Cyprus Residency, the investor has to invest at least €300,000 in the property. The investment is safe and profitable as the property can be rented out and investors can gain regular rental income.

Cyprus offers a wonderful climate, great living conditions convenient geographical location for visiting, and a great variety of beaches, all this makes Cyprus an ideal country for living or owning a holiday home. Below, we have prepared the list of the Best Locations near Limassol for Property Investment in Cyprus.

Agios Tychonas

Agios Tychonas is a small town in the Limassol District of Cyprus which is located east of the Limassol. First of all, it has a well-developed tourist infrastructure. Agios Tychonas offers a great variety of cafes, restaurants, bars, shops, and nightclubs, as well as a wide range of accommodation facilities. Aigos also has the longest coastline in the district which is in total 4.5 kilometers.

Pyrgos

Pyrgos is the village located East of Limassol and has one of the most beautiful valleys in the area. Pyrgos offers to its visitors crystal-clear water beaches and green zones for outdoor activities. The area is full of great mansions and contemporary property projects popular among investors.

Germasogeia

With a population of 13,421, Germasogeia is a suburb of Limassol. The area offers a lot of tourist activities, variety of restaurants and hotels. Since the rapid growth of the city in 1990, Germasogeia became one of the major touristic leisure centers, and now is home to hundreds of businesses.

Green Area (Limassol)

Green area is situated in the prestigious Green Area of Limassol in a short distance from the city center and beach. The place is quiet, with a lot of green streets and striking architecture. Here you can find everything in one place, great shops, supermarkets, banks, incredible beaches and all near the city center.

Limassol City Centre

Especially for active families, owning a property in the center of Limassol is perfect. Limassol is a contemporary cosmopolitan city, it has a great number of international schools, restaurants, bars, and shops. The city can offer everything you need for a comfortable life. Besides, if you choose to rent out your property, Limassol itself is in a high demand that increases every year.

Cyprus Residency Program Overview

Cyprus Residency program is an ideal route for obtaining a PRP (Cypriot Permanent Residence Permit) in just 2 months. The investment is safe and and profitable, the property can be rented and investor can gain regular rental income. The Residency program does not require physical presence and lets the whole family apply for Cyprus Citizenship in 5 years. Cyprus offers more than 320 days a year of sunshine, beautiful scenery and beaches and mild climate.

Entrepreneurship also thrives in the country as government officials are working tirelessly to curtail government bureaucracy. Procedures for business owners have been streamlined and made easy to remove delays and excess costs. Beside, Cyprus offers favourable tax regime, as there are no tax on worldwide dividends, interest, inheritance or income tax.

Program Benefits

Cyprus Residency by Investment Program grants the applicant a 5-year residency permit and let’s apply for permanent residence and citizenship after this period. The Program does not require to reside in Cyprus, however the permit holders must visit the island at least once in 2 years to keep the permit. In addition, Cyprus Residency Program lets investor obtain regular rental income from letting the property.

Investment Options

  1. Property investment from €300,000

  • Brand new residential property purchase from property development company (property can be rented)
  • It is also possible to invest in commercial properties, including offices, shops, and hotels (which can be new or resale).
  1. Invest in the share capital of a Cyprus company

  • This will require having a physical presence and activities in Cyprus
  • At least 5 people should be employed
  1. Investment in compartments of Cypriots UCITS

  • UCITS is a mutual fund based in the European Union
  • The investment can be made in AIF, AIFLNP, RAIF.

More requirements:

  • Clean criminal record
  • Secure annual income evidence (including salaries from employment, pensions, dividends, fixed deposits, rentals) of at least EUR 30,000, increased by EUR 5,000 for every dependent person (spouse and children) and by EUR 8.000 for every dependent parent or parent-in-law.

 

LONDON BASED SOLUTIONS ADVISERS – Cyprus Residency by Investment

Full Support with our Immigration Advisers & Property Consultants:

Property search based on your requirements (from residential properties to high-value luxury developments)

Property virtual tours, 3-D tours, and in-person tours available.

Due diligence checks and additional property checks completed by our experts.

Residency & Citizenship document preparation and submission.

Full support until you receive your second passport & residency.

Mann’s Solutions is an international immigration law firm with offices in London, Hong Kong, and Moscow and has expertise in offering UK Visas and Immigration by Investment services to high net worth individuals. Our immigration advisers are regulated by OISC and IMC (Investment Migration Council).

For further information or to discuss your circumstances in a private consultation with our immigration lawyers in London Office, please contact us at enquiries@manns-solutions.com or call +44 207 993 63 46.