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5 Benefits of the Cyprus Permanent Residency through Real Estate Investment

22 August 2024

At SQONE, we specialize in guiding clients to maximize the benefits of investing in Cyprus real estate, unlocking permanent residency while delivering strong returns on their investments. Here are the top five advantages:

1. Fast-Track Residency with Real Estate Investment

Cyprus offers a fast-track Permanent Residency program for non-EU investors who purchase a property worth at least €300,000 (plus VAT).

With this investment, residency is granted in 2 months and covers not just the applicant but also their spouse, dependent children (up to 25 years old), and the applicant’s parents.

This is an attractive option for families seeking residency in the European Union, offering visa-free access to 27 EU countries.

Studios for sale in Limassol

2. High Return on Investment (ROI) in Prime Locations

Cyprus is a growing real estate market, with key areas like Limassol, Nicosia, Larnaca, and Paphos seeing significant demand for properties.

According to recent data, property prices in Cyprus have risen by an average of 3-5% annually over the past five years, particularly in these high-demand regions.

Investors can expect rental yields of up to 8% in cities like Limassol, while in some tourist-heavy areas, short-term rental income can deliver even higher returns. Purchasing in these prime locations allows you to secure both steady rental income and capital appreciation.

3. Maximizing Returns with Off-Plan Properties

Investing in off-plan developments in Cyprus is a smart strategy for securing properties at competitive prices. Many developers offer flexible payment plans, allowing investors to stagger their investment.

Upon project completion, these properties typically appreciate by 10-15%, offering strong growth potential. At SQONE, we connect clients with high-performing off-plan projects that ensure superior returns.

Off-plan properties for sale in Limassol

4. Long-Term Capital Appreciation and Market Stability

Cyprus has a robust real estate market with a history of stable growth.

According to the Cyprus Central Bank, the residential property price index has seen consistent increases since 2016, a clear indicator of long-term capital appreciation.

The island’s booming tourism industry, which welcomed over 4 million visitors in 2019, has also driven up demand for rental properties, making it easier for investors to monetize their assets.

5. Tax Incentives and Strategic Global Positioning

Cyprus offers several tax advantages to foreign investors, including no inheritance tax, low corporate tax rates (12.5%), and exemptions on certain property taxes.

In addition, the island’s strategic location at the crossroads of Europe, Africa, and Asia makes it an attractive hub for international business and travel. This adds a layer of economic and geopolitical security, enhancing its appeal as a long-term investment destination.

Why Choose SQONE?

At SQONE, we are your trusted partners in finding and securing the right real estate investment to meet both your financial goals and residency aspirations.

We offer turnkey solutions, providing comprehensive services from identifying the best opportunities to navigating the residency application process.

With our local expertise and network of high-performing assets, we ensure that your investment yields exceptional returns while granting you the benefits of Cyprus permanent residency.

In Conclusion

Cyprus offers a unique opportunity to secure permanent residency while investing in a real estate market with high returns.

With favorable tax policies, strong capital appreciation, and a streamlined residency process, investing in Cyprus is an attractive proposition for global investors.

Partner with SQONE to make the most of this opportunity, ensuring a profitable investment with long-term benefits.

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