Why Invest In Cyprus

COMPANY INTRODUCTION

Founded in 1977, Pafilia is the largest privately-owned residential developer in Cyprus, dedicated to developing world-class properties for personal living and investment. With over 40 years’ experience, Pafilia is Cyprus’ leading luxury property developer with award-winning projects and a comprehensive property portfolio including Minthis, the island’s most exclusive golf resort, ONE, Europe’s tallest seafront residential tower, and Neo, which is set to be a new landmark in the country. 

With our uncompromising effort in delivering the best in concept, design, quality and service, we continue to transform and set the benchmark for the Cyprus real estate sector. We hand-pick our partners from among acclaimed international architects, engineers and interior designers to create prime, iconic and timeless properties. Pafilia is the first company to collaborate with world-renowned firms in the industry, such as Atkins, WKK, WoodsBagot, HBA and others. 

Our comprehensive developments represent diversity in locations and styles ranging from modern houses, Mediterranean villas and apartments, to integrated leisure resorts, towers, seafront properties, private estates and exclusive communities. Our wide range of services includes property management, comprehensive sales, rentals and resale services, legal and immigration, lifestyle and leisure, and wealth management consulting.

Pafilia offers a total solution for Cyprus residency and citizenship. Our extensive experience, personal service and proven track record, together with our vast and varied property portfolio, have made Pafilia the market leader for Citizenship and Residency in Cyprus. 

Cyprus Investment Programme

Dual citizenship offers an effective tool for international tax planning and provides financial privacy for banking and investment. It improves personal security, enhances the freedom of movement, and opens up significant opportunities. 

Some of the key benefits of the Cyprus Investment Programme are:

• 6-month visa-free visits to countries like Canada
• Ease of getting a 10-year multiple-entry American visa
• Austrian multiple-entry visa can be obtained in a 10-minute online application
• Easy to settle and work in any EU country, including Switzerland

The Cyprus Investment Programme is a very practical scheme as there is no need to relinquish current nationality, no language requirement, medical tests or interview, and there are no tax consequences.

Cyprus provides a unique combination of favourable participation exemption provisions on

income emanating from international activities and applies zero withholding taxes on any type of payment made anywhere in the world. 

• An individual is tax resident in Cyprus if he/she is present in Cyprus for more than 183 days in a tax year
• Double taxation treaties with 60 countries, including China
• Exemption from tax on profits from shares, bonds and units
• No withholding tax on the repatriation of income as dividends, interest or royalties

Reasons to choose Cyprus

Cyprus is an emerging regional energy hub, since the discovery of huge hydrocarbon reserves in its exclusive economic zone. International companies like ExonMobile, Total, Eni, Nobel, Kogas are proceeding with exploitation and development of gas reserves. Furthermore, City of Dreams Mediterranean, operated by the Hong Kong HO family, is Cyprus’ first integrated casino resort and the only one of its kind in Europe. A world-class development and a landmark not only for Cyprus but also for the wider region, it is expected to open its doors in 2021.