Iranian Investors Flock To Buy Cyprus Properties

A new law in Cyprus has made it possible for Iranian nationals and their families to receive permanent residency status in Cyprus when purchasing a property for family use.The cabinet of the Cyprus government has unanimously encouraged investment migration to Cyprus from Iran, as well as other non-European countries to invest in the new gateway to Europe, the republic of Cyprus.

Citing recent events in Tehran as the pivotal stimulus, this law has provided well off families in Iran and other nations to apply for permanent residency status.

One of the leading agencies supporting this new frontier in the Cyprus investment realm is Prosperous Consultants, a Wealth and Business Solutions Firm also providing facilities such as Cyprus Company Formation, has lead this new frontier by obtaining rights over a limited amount of applications.

Prosperous Consultants is to provide Farsi speaking families wishing to have the opportunity of having their own dream home in the eastern Mediterranean island of Cyprus. Together they have created this new product in Cyprus offering which they call "Liberation Living" designed for elite families wishing to relocate to a warm welcome of quality living in Cyprus.

Cyprus has had a long and rich historical connection to the Islamic culture and religion, dating back to centuries, and boasts one the most significant cultural pilgrimage sites near Larnaca, famed for its modern airport, and home to the shrine of Um Haram, noted in the Holy Koran.

Cyprus has become a stable economic and financial centre of commerce throughout the past 20 years, providing the lowest corporate taxation in Europe and ideal for setting up IBC (International Business Companies) as a base for trading companies. Together with this Cyprus offers fantastic double tax treaties with over 40 countries to help offshore companies mitigate taxation.

The island has prospered from World Class banking and Touristic attractions, spurring investment from every corner of the globe.

Many Iranian families have elected to relocate their families to Cyprus in the past 12 months, but suddenly a deluge of applications have been processed by the real estate advisory group in the past 10 days.

As the tensions within Iran continue to boil, the temptation to live in a free and open society becomes more attractive for Iranian nationals.

Cyprus is one of those destinations that could be more and more attractive to wealthy Iranian families.

Certain criteria are required for each application to be considered on a case by case basis, however, Prosperous Consultants has assembled a fast tract solution to expedite each application that qualifies for this new investor visa.

The requirement of proof of external income, assets abroad and a purchase in the range of 350,000 Euros would allow permanent visa status for these families to live and reside in Cyprus as permanent residents.

This would typically give the family a 3-bedroom villa, with a private pool to live and enjoy the island in the Mediterranean that experiences over 330 days of sunshine per year, within easy reach of Tehran, and the rest of Europe in just a few hours flight.

For more information please contact us here