Real Estate Investor Magazine South Africa September 2018 | Page 56

CYPRUS Cyprus making waves Voted best permanent residency programme available in Europe BY JENNY ELLINAS C yprus’ permanent residency programme has recently been voted as the ‘best residency programme’ available in Europe! Cyprus is a popular choice for investors be- cause of the affordable entry-level investment required to secure residency. Having permanent residency status in another coun- try is highly beneficial to investors, and citizenship in a second country is a growing trend. Cyprus is a safe haven investment destination and provides protection of capital, minimisation of taxes, and a lifestyle that includes travelling visa free to Schen- gen countries, the UK, the USA and Canada. The Cyprus permanent residency programme secures res- idency for three generations in the same family – this is un- matched compared to other programmes available in other European countries. By buying a property in Cyprus for a minimum of €300,000 you can secure residency for: • The main applicant and spouse, • All dependent children up to the age of 25 and, • Both parents and parents-in-law of the main applicant. It is the only residency programme in Europe where three generations in the same family all get permanent residency per- mits for life in only six weeks! Cyprus is a full member of the European Union and the Commonwealth nations. Having permanent residency is advan- tageous, as it gives each person the right to live in Cyprus at any time, and no visa is ever required. When you invest in Cyprus you secure long-term Schengen travel visas for you and your family, giving you access to visit any one of the 26 Schengen countries in Europe at any time. Why should South Africans invest in Cyprus? Cyprus is economically stable and politically secure. Properties offer excellent value for money when compared to properties in other European countries. The lush environment is similar to that of the Western Cape. The lifestyle and climate is similar to South Africa’s; golf courses are world-class, the countryside is breathtakingly beau- tiful, it has the cleanest seas in the Mediterranean with 64 blue- flag status beaches, and it has mountain ranges that shows snow 54 SEPTEMBER/OCTOBER 2018 SA Real Estate Investor Magazine for 3 months in the Winter. No inheritance tax is applicable, which means that in the event of your passing, you can leave your assets to your loved- ones tax-free. There are no broad social issues such as widespread unem- ployment, poverty, and economic deprivation. As a result Cyprus has huge investment appeal as a destina- tion for relocation, retirement and holidaymaking. Other reasons why Cyprus appeals to South African inves- tors are: The English language is widely spoken - being an ex-British colony means that there is no language barrier; Living in Cyprus is not a requirement to retain your resi- dency status; You can earn a Euro-based income by renting out your prop- erty; The education is Euro-accredited - which gives your chil- dren and grandchildren a distinct advantage when entering the global job market; Other European countries are on your doorstep - Cyprus has two International Airports and several marinas; First-world medical facilities and affordable healthcare is readily available. DON’T MISS THE CYPRUS INVESTOR TRIP WITH REIMAG FROM 24 SEPTEMBER - 7 OCTOBER 2018 Join Real Estate Investor Magazine and Cypriot Re- alty on an investment trip to Cyprus from 22 Sep- tember – 30 September to visit Cyprus and gain first-hand experience of its beauty and investment potential. Cypriot Realty is offering 4 nights’ free accommodation in a 5-star hotel in Paphos, Cyprus. To make your booking contact Jenny Ellinas on [phone] or email [email protected]