Cyprus is an ideal destination for those seeking both lifestyle and financial benefits. Known for its advantageous tax regime, Cyprus provides a unique opportunity to optimise your wealth while enjoying an unparalleled quality of life.
Key Financial and Tax Benefits of the Cyprus Golden Visa:
- No Capital Gains Tax: Cyprus does not levy capital gains tax on the disposal of immovable property located outside Cyprus, making it a prime location for property investors seeking to maximise their returns.
- Low Corporate Tax Rate: At a competitive 12.5%, Cyprus offers one of the lowest corporate tax rates in the European Union, attracting businesses and entrepreneurs from around the world.
- No Inheritance Tax: With no inheritance tax, Cyprus allows you to protect your assets and ensure that your wealth is passed on to your heirs without additional tax burdens.
- Low Income Tax Rates: Cyprus residents benefit from progressive personal income tax rates, with numerous exemptions that further reduce the tax burden. Income up to €19,500 is tax-free, and there are additional allowances for foreign pension income.
- Foreign Pension Tax Benefits: Cyprus offers an attractive tax regime for foreign pensioners. Pensions can either be taxed at a flat rate of 5% on amounts exceeding €3,420 per annum or under the normal income tax rates, whichever is more beneficial to the individual.
- No Wealth Tax: Cyprus does not impose any wealth tax, making it an ideal jurisdiction for high-net-worth individuals looking to protect and grow their wealth.
- Dividend Income Exemption: For non-domiciled residents, dividend income is exempt from taxation, providing a significant tax advantage for investors and high-net-worth individuals.
The Joys of Cyprus Living
In addition to its financial advantages, Cyprus offers a quality of life that is hard to match. With its Mediterranean climate, Cyprus enjoys over 300 days of sunshine each year, perfect for enjoying the island’s stunning beaches, outdoor activities, and vibrant cultural scene.
Lifestyle Highlights:
- Safe and Secure Environment: Cyprus has one of the lowest crime rates in Europe, making it a safe and secure place for you and your family.
- Rich Cultural Heritage: The island is a treasure trove of history and culture, with ancient ruins, Byzantine churches, and a mix of traditional and modern experiences.
- High-Quality International Education: Cyprus is home to excellent international schools that offer curricula in English and other major languages, ensuring your children receive top-notch education in a multicultural environment.
- Welcoming Expat Community: With a thriving expat community, Cyprus is a welcoming place where you can easily make new friends and integrate into local life.
- Solid and Reliable Legal System: Cyprus law is based on the English Legal System, providing a secure foundation for legal transactions, making Cyprus a trustworthy jurisdiction for investors and residents alike.
Comprehensive Support from Elesma
At Elesma, we understand that acquiring a Cyprus Golden Visa is not just about securing residency but also about making a strategic financial decision that benefits your entire family. Our team provides a comprehensive service that supports you every step of the way:
- Personalised Consultation: We start by understanding your financial goals and personal circumstances, ensuring that our service is customised to meet your specific needs.
- Property Acquisition Assistance: We guide you in selecting and purchasing the perfect property in Cyprus, whether it’s a luxurious villa or a modern apartment, ensuring it aligns with your investment and lifestyle objectives.
- Legal and Administrative Support: Our legal experts handle all aspects of your visa application, including liaising with local authorities, so you can focus on your future in Cyprus.
- Ongoing Assistance: Even after your visa is granted, we continue to support you, helping you settle into your new life and ensuring you take full advantage of Cyprus’s financial and lifestyle benefits.
Invest in Your Future
Cyprus offers a unique blend of financial advantages, lifestyle benefits, and a welcoming community that makes it an ideal destination for investment and residency. With Elesma by your side, the process of acquiring a Cyprus Golden Visa is seamless and fully supported.
Contact us today to learn more about how we can help you secure your Cyprus Golden Visa and start enjoying the many financial and lifestyle benefits that Cyprus has to offer.