Cyprus is an island unique in its location, tax laws, climate and natural resources. Living in Cyprus is good, owning attractive investment real estate and business in its territory is even better.
The easy tax system and investment citizenship programs annually attract businessmen and tourists from all over the world who want to get an EU passport, invest in real estate, and optimize expenses so that the profits of their enterprises and real estate are not unduly taxed.
In March 2014, the Government of Cyprus adopted an amendment to the law, which allows foreign investors to obtain citizenship of Cyprus (EU) and a Cypriot passport through a special state program.
The essence of the program is that the investor invests in the choice of real estate, government bonds of Cyprus or places money on a bank deposit and as a result receives the citizenship of Cyprus for 6 months for the whole family, including the parents of the investor.
2018 promises Cypriots and citizens of other states who have registered their enterprises in the territory of the Republic of Cyprus, living or owning real estate here, good prospects in terms of taxation and investment programs. Taxes in Cyprus provide a lot of benefits and withstand any competition, and the real estate market remains attractive to both Russian citizens and investors from other countries.
In February 2018, the consulting company Knight Frank published a report on popular directions for buying foreign real estate among Russians. Over the past 2 years, interest in Cyprus real estate has quadrupled.