📍 Cyprus traditionally attracts thousands of investors from around the world due to its geographicall location, modern developed infrastructure, preferential taxation, high quality of life, excellent healthcare and education system.
The investment potential of Cyprus is growing exceptionally fast and offers many new opportunities.
One of the most preferred instruments is investment in apartments, villas, houses, commercial and agricultural in Cyprus.
Since many families are actively looking for a safe haven for permanent residence, or a profitable investment and permanent passive income, Cyprus provides all these opportunities at once.
In 2022 alone, the total value of property sold in Cyprus reached a staggering €5.8 billion.
Cyprus is a strong, stable and fast growing market!
What are the benefits of purchasing property in Cyprus?
Investing in property in Cyprus will provide many opportunities for you and your family.
One can obtain through rentals a passive income, apply for permanent residency status for your family and live in a safe and secure country of the European Union.
✓ Your property in Cyprus is your “alternate airfield”, where you can relax or live at any time of the year in a warm climate with fantastic nature, connecting mountains and sea.
✓ A simple and fast program for obtaining permanent residence in Cyprus for the whole family is by purchasing a property from 300,000 € + VAT.
✓ High capital return in Cypriot real estate.
Investments in property in Cyprus can generate income on a monthly basis when renting from 5% -7% per annum, as well as capital appreciation.
✓ Tax optimization
- 0% wealth and inheritance taxes
- 0% real estate tax
- 0% tax on dividends, interest, capital gains (upon obtaining Non-domicile status)
Our services and benefits
⇒ We have a permanent office in Larnaca, we have known the Cyprus real estate market for many years and provide consultations only about trusted developers.
⇒ We provide consultations on various forms of payment; developer loans; Possibility to pay in installments.
⇒ We inform the client of all aspects relating to the property and to the infrastructure of the area, the potential of further resale or rent.
⇒ Our experts advise the client on personal taxation for residents and non-residents, as well as on the taxes that the client must pay when buying a property.
⇒ The immigration specialist also advises on all issues related to obtaining a residence permit in Cyprus.
By becoming a client of Feod Group,
You will be confident being represented by an established professional company.
FAQ
New build properties are constructed with the newest developed material’s resulting in solid, eco-friendly, insulated well for the brief winter period which is energy saving.
With the use of these new energy efficient building materials, the summer months the property remains cooler and in the winter months retains the warmth, thus saving on energy bills.
In addition, a new build property allows the purchaser to select what materials and interior design are preferred suiting personal taste.
As a new build the developer has a legal obligation to ensure warranty of the development in accordance with strict Government quality control.
You can obtain a residence permit in Cyprus through the purchase of real estate under the program for investors. To do this, you need to buy a new Cypriot property with a minimum value of 300.000 euros. Cyprus Permanent Residence by Investment is one of the fastest and easiest investor programs in Europe.
In addition, the investor does not need to permanently reside in Cyprus – it is enough to visit Cyprus 1 time within 1 year from the date of approval of the application.
The main taxes when buying property in Cyprus are VAT for primary property and Transfer Fee for secondary property.
- VAT – 19% on the purchase of new real estate. A reduced VAT rate of 5% applies to the first 200 sq.m. When buying a secondary property, VAT is not charged.
- Tax on the transfer of ownership (Transfer Fee) levied on the transfer of ownership of real estate – only for secondary real estate and depends on the market value of the object.
- The stamp duty (Stamp duties) is paid by the buyer upon registration of the contract of sale in the amount of 1.5 euros for every thousand euros of the price paid for the purchase of a property in the amount of up to 170,860 euros, and 2 euros (per thousand) – for the amount exceeding 170,860.
The most popular cities for buying property in Cyprus are Larnaca, Limassol, Paphos and Nicosia. Different regions of Cyprus have their own characteristics.
⇒ Limassol is the business center of Cyprus, the offices of most international corporations, IT companies, legal, financial and consulting groups are located in this city. Limassol leads in real estate transactions for 2022, accounting for 50% of transactions.
⇒ Paphos is a great place to invest in real estate if you are looking for a tourist area. The weather, infrastructure and family focus of this city is also great for those who are looking for a safe place to move and live with the whole family in Cyprus.
⇒ Larnaca is the third largest city in Cyprus, which is now one of the most popular areas of the island for holidays, living and investment. The main international airport in Cyprus and long sandy beaches are located in Larnaca. This cozy small town is perfect for relaxing, unhurried family or business life.
⇒ The capital of Cyprus, Nicosia, is located in the center of the island. Public sector offices, universities and international organizations are concentrated in this city. Landlocked, this city is the least tourism oriented. Therefore, Nicosia is more popular for investment in commercial real estate.
Contact us
For enquiries please fill in the form below. Our consultants will contact you with the details.
Griva Digeni 49, Chrystalla Court 1st Floor Office 11, 6036 Larnaca, Cyprus
11B Lyuteranska St., off. 23, 01024
