Embrace Your Golden Years In The Cyprus Sun
Discover the idyllic Mediterranean lifestyle you've dreamed of with Premier Property Investment, Cyprus' working with leading luxury property developers with over 47 years' combined experience. We specialize in creating world-class destinations for lifestyle and investment, offering a diverse portfolio of prime properties perfectly suited for those seeking a tranquil and fulfilling retirement in Cyprus.
Cyprus is an exceptional choice for retirees. Imagine waking up to over 340 days of sunshine a year, enjoying a relaxed pace of life, and benefiting from a remarkably low crime rate, making it one of the safest countries in the EU. The island offers a high quality of life, access to excellent healthcare services, a welcoming expat community, and English-speaking locals, ensuring a smooth transition and a supportive social network. Its strategic location provides excellent flight connections for easy travel throughout Europe.
Crucially for retirees, Cyprus offers a highly favourable tax regime. Enjoy potential low taxation on foreign pension income, with options for a flat 5% tax rate above a certain threshold or progressive rates with a significant tax-free allowance. Benefit from the Cyprus-UK Double Tax Treaty preventing double taxation and the ability to potentially withdraw a tax-free lump sum from your UK pension. There is no inheritance tax in Cyprus. Furthermore, qualifying for non-domicile status can offer significant exemptions on worldwide income from dividends, interest, and rent. While we don't delve into complex tax specifics here, rest assured these benefits can be substantial compared to many higher-tax nations.
Investing in a qualifying property with Premier Property Investment also presents a clear pathway to obtaining Cyprus Permanent Residency. A secure investment of €300,000 plus VAT in new residential real estate from a developer on the primary market qualifies non-EU nationals for the Permanent Residency program (Reg.6(2) Fast Track). This permit is valid for life (conditions apply) and allows you and your spouse and eligible dependent children to live freely in Cyprus. It can serve as an valuable insurance policy for the future.
Our portfolio includes a curated selection of properties suitable for this investment, offering a range of styles and locations, from luxurious apartments to spacious villas, such as options available at the exclusive Minthis Golf and Wellness Resort or other quality developments across Paphos and Limassol.
These are just a few of the stunning properties available through PremierPropertyInvestment.com, register your interest and get a comprehensive list of our properties available at this time. Just book a consultation and lets get the ball rolling.
Financial Benefits:
Low Taxation on Pensions: Enjoy a flat 5% tax rate on foreign pension income above €3,420 per month, or opt for progressive tax rates with a tax-free allowance of €19,500.
Favourable Tax Regime: Cyprus offers a competitive tax regime for retirees, with a low flat tax rate of 5% on foreign pension income above a certain threshold.
Double Taxation Treaty: The Cyprus-UK Double Tax Treaty prevents double taxation on pension income, ensuring that retirees are not taxed twice on the same income.
Tax-Free Lump Sum: Withdraw a tax-free lump sum of up to 25% of your UK pension.
No Inheritance Tax: Cyprus does not impose inheritance tax, allowing retirees to pass on their assets to their beneficiaries without tax implications.
Lower cost of Living: The cost of living in Cyprus can be lower than in the UK, particularly for housing and everyday expenses.
Lifestyle Advantages:
EU Membership: Cyprus's membership in the European Union provides UK pensioners with the freedom to live and travel within the EU.
Strong Expat Community: Cyprus has a large and welcoming expat community, providing opportunities for socializing and support.
Safety and Security: Cyprus is a safe and secure country with a low crime rate, offering peace of mind for retirees.
Access to Healthcare: Cyprus has a good healthcare system, and UK pensioners can access healthcare services through the European Health Insurance Card (EHIC) or by applying for local health insurance.
Average Costs and Taxes:
While individual expenses vary, here's an estimated breakdown of average monthly costs for a retired couple in Cyprus:
Housing: €600-€1,200 (depending on location and property size)
Utilities: €150-€250
Groceries: €300-€500
Transportation: €100-€200
Healthcare: €100-€300 (depending on insurance coverage)
Leisure and Entertainment: €200-€400
Estimated Monthly Total: €1,450 - €2,850
Your Comprehensive Support - After Your Property Purchase Commitment:
At Premier Property Investment, we provide a total solution for investment and Permanent Residency. Our commitment is to offer comprehensive support from beginning to end.
Once you have made the commitment to purchase your chosen property investment with us, our team of experienced professionals, including dedicated in-house immigration lawyers, will be on hand to manage your needs with confidence and care. We will guide you through the entire legal and procedural requirements for your Permanent Residency applicationand assist in structuring your legal needs and requirements according to your retirement lifestyle.
We pride ourselves on our transparent, professional, and highly secure process, offering you peace of mind. To support your life in Cyprus, we also offer value-adding services like Property Management. Choosing us and our associates means partnering with an official provider for Permanent Residency with unparalleled knowledge to offer invaluable advice and solutions.
If you are a qualified retiree or pensioner seeking a secure property investment in Cyprus that offers significant lifestyle benefits, a favourable tax environment, and a pathway to Permanent Residency, we invite you to connect with us. Let our experienced team help you secure your tranquil future in the sun