On 28th of March 2014 the government of Cyprus announced changes in the legislation, which enable foreign investors and members of their families to acquire Cypriot citizenship and the EU passport by means of the naturalization program, whose conditions have now become simpler and more attractive.
Cypriot citizenship is more than just acquisition of a passport. Cypriot citizens can live and work in Europe, as well as travel without visa to more than 140 countries.
Advantages of investment into real estate in Cyprus
• Simple and not expensive procedure of property registration
• Low price of communal utilities
• Reduced VAT rates when buying first property from 17% to 5%
• No inheritance tax
• Investment in real estate – guarantee of stable income from re-sales and rent out
• Rapid formalization of citizenship (2-4 months)
Group of companies ZoeLine Consulting, in collaboration with our partners dealing with development, offer various investment plans regarding residential property that enables attainment of Cypriot citizenship.
Our partners are trusted construction companies with a good business reputation, and they specialize on construction of exclusive real estate.
Advantages of offered entities
• Lack of any encumbrances
• Guarantee for attainment of a title (ownership rights)
• 0% tax on transfer of a title based on current legislation
• 5% tax rate for purchasers of their first property
• Possibility to get bank financing for acquisition of entities
• After-sale service and guaranteed rent agreements
We will be glad to cooperate and we are ready to answer all your questions!