Top 5 Reasons to Invest in Cyprus Today - #3 Bright Tourism Future
In part three of this five part series we look at how Cyprus is boosting its tourism potential and how you can benefit.
3.2 million tourists visited Cyprus in 2016 and the island recorded an increase of 24.6% in February 2017 compared to the same period last year. The Euro Casino project slated for completion in 2020 is expected to further increase tourist inflows by a third.
The Cyprus Tourism Organization has won the Silver Award as the ‘Best Destination for Responsible Tourism’ and Cyprus’ beautiful beaches have been crowned ‘Cleanest Bathing Waters in Europe,’ with a consistent 100% score year after year.
While the island has always been popular as a summer destination especially among British, Russian and European holiday-makers, recent developments have been focused on boosting the destination’s year-round appeal through developing golf, ski and agrotourism, and the government is keen to promote an Open Skies policy aimed at increasing airlift to the island.
Tourists to Cyprus choose a mix of different accommodations in Cyprus which include hotels, hotel apartments, tourist villages as well as camping sites, guesthouses, organised apartments and luxury villas.
Citizenship Through Real Estate Investment
Purchasing real estate worth €2 million is one of the approved routes to acquiring citizenship through investment in Cyprus. Real estate assets in prime tourist areas can generate healthy rental returns during the 3-year holding period.
Wondering how to invest in Cyprus citizenship through purchasing real estate or the tax implications of rental income generated within Cyprus?
Stay tuned for upcoming posts where we will explore these topics in greater detail or contact PassPro Immigration Services today on +971 4 554 1449 or [email protected] today. Our knowledgeable consultants will be happy to answer all your questions.
May 3, 2017 Cyprus
In part two of this series we look at positive economic indicators that make Cyprus a desirable investment choice. Read More