Why to invest in Cyprus?

Why to invest in Cyprus?

In recent years, more and more Israelis are being exposed to the investment opportunities in Cyprus real estate Market.

Why?

- Due to The impressive economic growth,

- the political stability,

- the adhesion to the European Union and no less important,

- the geographical proximity to Israel,

All these reasons make Cyprus an attractive destination for a wide variety of investments.

Moreover:

- A very low tax environment: in fact, it is one of the lowest in the OECD countries. In Cyprus there is no tax on capital gains and dividend distribution (except for real estate transactions) and in addition Cyprus has signed many treaties to prevent double taxation on real estate investments.

- Membership in the European Union: Membership in the Union contributes both to the island's economic growth and to the relative political and political peace enjoyed by the island.

- An emerging real estate market: the prices of apartments and properties in Cyprus are continuously rising. There are many projects under construction and you can still find very good opportunities for the wise investor.

- Entry of multinational companies into Cyprus - large global companies such as Microsoft and others are setting up centers in Cyprus, mainly due to the low tax environment. As a result, many foreign citizens come to work in Cyprus and thus also increase the need for infrastructure and real estate development.

- Multiculturalism - Cyprus is an island with a high percentage of foreign citizens. Englishmen, Russians, Israelis, and many citizens of the Union make up a significant percentage of the population. Today, the island is very favorable for foreign investments and the government encourages the entry of foreign capital.

- The discoveries and use of natural gas reserves contribute to the continued economic growth of the island.

- Multiple and cheap flights - a wide variety of airlines operate cheap flights from Israel (and all of Europe) to Cyprus. Flights can start at very low prices from 20€ - 30€.

- Landscapes, sea, and weather - Cyprus is a beautiful island, with a pleasant climate all year round, magical beaches and a feeling of unspoiled nature that has not yet been destroyed. Owning a house or apartment in Cyprus allows those interested to enjoy a nearby kit house within an hour's flight. For all those whose purpose of investment is to lease their property for short-term period, it is important to note that the tourist season in Cyprus is longer than anywhere else in Europe (the only European equivalent is Turkey) and the effect on the yield potential here is significant.

- Obtaining Cypriot residency is possible for Israelis over the age of 25 and without a criminal record who purchase property in Cyprus at a minimum cost of €300,000. The residency is also relevant for the spouse and their minor children and there is no necessity to actually live on the island.

- Obtaining Cypriot/European citizenship - this option is open to Israelis for an investment of €500,000 or more in investment houses in Cyprus and at least €1.5 million in additional investments that can be sold after 3 years.