Elpida hotel apartments is a new development venture in Limassol, that will qualify foreign investors in the project for Cypriot citizenship under naturalisation by exception scheme.
Elpida apart hotel development is business venture to attract the numerous tourists who visit Limassol every year. The development is located at holiday location surrounded by numerous five star hotels, clubs, bars, shops and restaurants.
Benefits
- Hotel apartment permit
- Â High potential investment with long and short term rentals.
- Cyprus Citizenship acquisition
- Cyprus passport for family
- 6 month procedure
Rentals
- Long term rentals provide annual projected income begins at: €50,000
- Short term rentals provide projected ROI income of 6%
Prices
Prices start from €2 million onwards. Investors can buy a total of 9 flat as wholesale price starting from €3 million (3 penthouses, 3 one bedroom flats, 3 two bedroom flats) and q
Cypriot Citizenship
- The investors have the right to rent the permanent residence in Cyprus.
- No need to pass a language test.
- The Republic of Cyprus allows investors to keep their original passport.
- Travel visa-free to more than 150 countries.
- The investor does not become a tax resident, unless he / she spends more than 183 days in a calendar year in Cyprus.
- Not necessary to reside in Cyprus before or after the obtainment of the passport.
- Free movement within the EU: travel, live, work.
