Golden investment in Cyprus: Part one

Does working in one country, downtime in another and planning your retirement somewhere else sound familiar? 

EU Cyprus flag property
Cyprus property investors are eligible for citizenship which gives them the freedom to work, travel, study and live in any EU country

If the answer is yes, you’re among a growing number of global citizens - from the U.K. to the U.S., the Middle-East to China - needing to travel freely between the different aspects of your life. As this type of globalization gathers pace, the European ‘golden visa’ programme can be a game changer.

Cyprus offers two visa programs through property investment, Cypriot Citizenship and Cypriot Permanent Residency. This month, Winkworth International explores investment in new developments in Cyprus as a way to secure Cypriot Citizenship.

A property investment of €2m grants a Cyprus passport and EU citizenship within three months for you, your spouse and children up to the age of twenty eight. You’re not required to live in Cyprus full-time to qualify and there’s no language requirement, medical test or interview for applicants. You do however need a clean criminal record.

EU citizenship enables you to work, travel, study and live anywhere in the EU. After three years of citizenship, you can reduce your property investment to €300,000. Read more about Cypriot Citizenship here.

luxury paphos new builds Invest in a luxury new build villa in Paphos for citizenship, sunshine and blue skies

There are other clear benefits to investing in new property for sale in Cyprus. Tax incentives include no capital gains tax, low property tax and no transfer fees. Cyprus also enjoys a strategic position intercepting three continents: Europe, Asia and Africa. English is widely spoken here and there is a good standard of education on offer with prestigious UK university outposts on the island. Healthcare has a solid reputation and the crime rate is low.

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The Petra tou Romiou coastline is home to the brand new Venus Rock Spa Resort

Equally attractive to Cyprus property buyers is a warm, sunny climate, natural beauty, ancient history, and culinary heritage. Winkworth International currently offers luxury villas at the Venus Rock spa resort on the Petra tou Romiou coast near Paphos. These exclusive homes surround the Jacklin designed Secret Valley golf course, with a beach club and purpose built marina also planned. So if you’re seeking a spectacular Cyprus new build property from which to enjoy citizenship and numerous other advantages, you might have found it.

Browse our property listings for further details of new properties in Cyprus. If you have questions about Cypriot citizenship we can help too, just contact our Winkworth New Developments office.

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