The Best residency programme in Europe

3 generations all get residency for life!

A growing number of South Africans are exploring the option of purchasing a property overseas to acquire permanent residency to leave a legacy for their family; but the choice of where to invest can be daunting.

Cyprus – a full member of the EU – currently has THE BEST permanent residency programme on offer where THREE generations of the same family all secure permanent residency FOR LIFE through the purchase of a single property! Residency is issued in 3 months, plus you do not need to live in Cyprus for the residency to remain valid. In Cyprus, not only is there no inheritance tax applicable, but the cost of living and the property ownership costs are less that what we pay in South Africa. Being voted THE SAFEST country in the world with a population of under 5 Million – investing in Cyprus is a good option.

There are a number of other reasons why Cyprus is so appealing:

1. No language barrier: Cyprus is an ex-British colony, so everyone speaks English. The road signs are in English, your telephone accounts and municipality rates accounts are in English; and you feel right at home.

2. Strong economy: Cyprus’ economy is booming with increased foreign investment pouring into the country. There is a massive infrastructural drive building new marinas, a casino resort and new golf courses. And Paphos (the province on the West of the island similar to the Western Cape) is The European Capital of Smart Tourism for 2023. They are expecting more than 1,6 Million additional tourists coming to Paphos alone this year. Cyprus is an appealing investment destination because of the solid fiscal policies, offering tangible benefits to investors and having the perfect location being where East meets West.

3. Politically stable: Cyprus is a democratically elected government and has a president with a zero tolerance on bribery and corruption.

4. Incredible lifestyle: You have every modern convenience coupled with incredible outdoor living, a plethora of outdoor activities and loads to do. Being on the cusp of The Med means travelling across to Europe and the UK quick and cheap.

5. Culture like RSA: with gorgeous outdoor walks, nature reserves, golf estates and open spaces – you will feel right at home. There are plenty of expats who have moved to Cyprus to make it their new home – the Cypriots are warm and friendly and don’t have any xenophobic attitudes or prejudices.

6. Very advantageous tax benefits: a. NO inheritance tax (death tax)! In South Africa, you pay 20% b. Very low personal tax : the first €19,500 of your worldwide income (including pension income) is exempt from personal tax. c. Very low municipal rates: it is 75% cheaper than South Africa being calculated at between 0,1 and 0,2% of the property value.

7. English-speaking universities: on offer is a Medical School faculty (from Oxford University), a variety of post and undergrad degrees; and a host of colleges. You can secure your child’s future by educating them in Cyprus!

Cyprus represents an excellent Plan B investment destination and the property prices are affordable. The choice of where to buy is very personal and the type of property depends on your lifestyle requirements, budget and long term plans. With an impressive portfolio of over 330 completed projects, every style and location of property is available from seafront and hillside villas to beachfront apartments and townhouse complexes. We will find you your ideal home!

Be clear on the reason why you want a Plan B in Europe. You will approach your investment decision with a different mind-set if you are looking to acquire residency/citizenship, are wanting to relocate and create a legacy for the children and grand children versus investing in a property to rent out to earn a subsidiary income.

Buying a home overseas is not only a major financial and emotional commitment, but a decision that is made easier when you get advice from professionals. It is recommended that you always check exactly what you are buying before signing any contracts. The cost of a property inspection trip to personally view the property opportunities and do the groundwork will save you thousands in the long run.

Cypriot Realty is a pioneer in actively and consistently promoting the property opportunities primarily in Cyprus. They have successful been doing this from their Cape Town and Sandton offices since 2008. As a result, the company is recognised and respected as Southern Africa’s authoritative investment specialists for promoting Cyprus as an ideal destination for acquiring permanent residency/citizenship, property investment & immigration/retirement.

Contact us for a confidential meeting to discuss how we can help you realise your and you family’s Plan B in Europe

Contact Jenny Ellinas Founder & CEO

Tel: +27 83 448 8734

Email: jenny@cypriotrealty.com

Visit: www.cypriotrealty.com