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Invest in Paphos

Paphos is the province with the biggest number of planned large private development projects in Cyprus, worth more than five billion euros, which include private marinas, tennis courses, golf courses, large complex developments, medical centers, educational centers, sports facilities, multithematic parks, hotels, tourist developments and luxurious holiday homes.

Paphos offers safety, quality of life and culture of thousands of years !

 

Why invest in Paphos?

  • THE PROPERTY MARKET THROUGHOUT CYPRUS IS ONE OF THE FASTEST GROWING IN THE EUROPEAN UNION AND PRICES IN SOME AREAS ARE INCREASING BY AN ANNUAL AVERAGE OF 20%.
  • PROPERTY PRICES ARE STILL LOWER THAN IN MANY OTHER EUROPEAN COUNTRIES, PARTICULARLY IN THE NORTH.
  • CAPITAL GAINS TAX OF ONLY 20% AND CORPORATION TAX FOR CYPRIOT LIMITED COMPANIES (THROUGH WHICH YOU CAN OWN YOUR PROPERTY) STAND AT ONLY 10%.
  • FOREIGN RESIDENTS PERMANENTLY RESIDING IN CYPRUS PAY ONLY A 5% FLAT RATE OF INCOME TAX.
  • 340 DAYS OF SUNSHINE A YEAR MAKE IT A COMFORTABLE AND ENJOYABLE PLACE TO LIVE.
  • CYPRUS ENJOYS A HIGH STANDARD OF LIVING, WITH GOOD FACILITIES, INCLUDING TOP- CLASS GOLF COURSES.
  • A LOW COST OF LIVING OFTEN MAKES FOR AN IMPROVED QUALITY OF LIFE.
  • THERE IS A COMPARATIVELY LOW CRIME RATE IN CYPRUS AND FRIENDLY PEOPLE MAKE IT A DESIRABLE PLACE TO VISIT OR LIVE.
  • EXCELLENT MEDICAL FACILITIES, EDUCATION AND OFFSHORE BUSINESS ADVANTAGES MAKE IT ALL THE MORE ATTRACTIVE.
  • TOURISM IS PREDICTED TO GROW BY 4.6% OVER THE NEXT 10 YEARS, CONTRIBUTING SOME 13.9% TO THE COUNTRY´S GDP BY 2014. THIS IS GOOD NEWS TO PROPERTY INVESTORS LOOKING FOR A READY MARKET.
  • CYPRUS HAS SEEN A SHARP INCREASE IN THE NUMBER OF GOLF PROPERTIES AVAILABLE, WHILE GOLF PROPERTY PRICES FETCH UP TO 40% MORE.
  • CYPRUS HAS A BRITISH-BASED LEGAL SYSTEM, WHERE ENGLISH-SPEAKING LAWYERS ABOUND.
  • A BRITISH-BASED BANKING SYSTEM IN SOUTHERN CYPRUS, MAKES CHOOSING MORTGAGES AND MANAGING YOUR MONEY SIMILAR TO “BACK HOME”.
  • ENTRY INTO THE EUROZONE IN JANUARY 2008 IS A FURTHER VOTE OF CONFIDENCE.
  • A VERY EFFICIENT LAND REGISTRY WITH STRAIGHTFORWARD AND WELL-ADMINISTERED PROCEDURES MAKES PROPERTY PURCHASE A SAFE OPTION.
  • A COMPARATIVELY LOW TAX RATE, INCLUDING A DOUBLE TAX TREATY WITH SOUTHERN CYPRUS AND THE UK ARE ATTRACTIONS FOR INVESTORS.
  • YOU CAN EASILY RECEIVE YOUR UK PENSION, TAX-FREE IN CYPRUS.

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