Property Gallery
Free Local Calls
8000 83 84
Free From Russia
8-800 775 8 234

Up to €2 billion the Chinese investments in Cyprus since 2013

Up to €2 billion the Chinese investments in Cyprus since 2013

Following the decision of the Cyprus government in 2013 to promote the Permanent Residency and Citizenship through Investment programs, more and more Chinese buyers purchase property in Cyprus, especially in Pafos and Limassol.

As it is widely known, some non-Eu third country national may live in Cyprus permanently if he buys property of a value of €300,000 + VAT within 2 months, or obtain the Cyprus (equals to European) citizenship within 3-4 months with an investment of €2,500,000 + VAT.

According to the Civil Registry and Migration Department, the applications by Chinese citizens for residency permit have multiplied the recent years. It is estimated that around 1000 property sale agreements are signed annually since 2013 with Chinese buyers.

As noted by a Cyprus Land and Building Developers Association official (Mr. G. Misirlis), "taking into consideration the fact that the average amount spent by a Chinese buyer is approximately €340,000 + VAT, we reach the conclusion that the tomal amount invested during 2013 may reach €1,400,000,000, excluding any other investment not related to the Real Estate sector". 

It is notable that the great majority of the Chinese investors compromise with a Cyprus Permanent Residency Permit, which they obtain easily and fast if only they buy residential property of a value of €300,000 or more.


 

Cyprus

Potamos Germasogias, Germasogeia

Free Local Calls
+80008384
International Phone
+357 25 322112
Cyprus

Limassol, Germasogeia

International Phone
+357 25 322112
Russian Federation

Russian Federation

Free Local Calls
+88007758234
International Phone
+7 499 110-78-88
Ukraine

Ukraine

Free Local Calls
+0800802184
International Phone
+380 44 300 0237
Free Local Calls
8000 83 84
Free From Russia
8-800 775 8 234
Free From Ukraine
0-800 80 21 84