Kennedy Ave, Paralimni, Cyprus
For Sale, Sold
Being a jewel in the Mediterranean Sea is why Cyprus is one of the most popular tourist destinations and an incredibly diverse place to live. Cyprus is a multi-cultural society inﬂuenced by many different countries that have inhabited our shores and left their unique mark throughout the ages. Medieval castles, Roman cities, Venetian Walls, Byzantine churches and Neolithic Settlements can be found along the Southern Coast. The island has established a reputation as a springboard for international investors accessing the large EU markets as well as the emerging economies of the Middle East, Eastern Europe, North Africa, India and China. Cyprus provides a plethora of opportunities for investors. Its market-oriented economy operates within a transparent regulatory and legal system based on the Common Law of the United Kingdom, and fully harmonized with the collective framework of laws and regulations of the EU.
Cyprus provides many advantages to the corporate sector, including the lowest corporate taxation rates in the EU (10%) with a broad range of double taxation agreements with 44 countries.
Foreign investors are able to utilize an advanced transport and telecommunications infrastructure, a highly educated, skilled and multilingual human capital base as well as a high standard of specialist professional services.
Moreover, Cyprus offers relatively lower operating costs with high quality services, including banking, tax, accounting, auditing, business administration, legal, investment and funds management. All these paired with the island’s enviable quality of life are the key ingredients that have made Cyprus stand out in the Global Investment Map.
The apartment is located in the Kapparis area of Protaras. A wide range of amenities are available in close proximity, from restaurants serving local and international cuisine, to cafés and bars and supermarkets, and even a private, international school just a 10-minute drive away. The popular resort town of Protaras is a mere 10-minute drive away, offering an array of shops and restaurants, buzzing nightlife, as well as access to some of the most highly awarded beaches in Europe. For added convenience, the Larnaca Airport is a short 35-minute drive away, allowing for ease of travel to and from the island.
THE PROPERTY IS V.A.T. EXEMPT