Based on the Cyprus law, any residential property for a minimum worth of €500,000 will grant you the right to participate in the scheme for naturalization of non-Cypriot investors. This property is eligible to be included for your Cyprus citizenship (European Passport) application.
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The property consists of seven adjacent parcels of land, forming a unified seafront property with total area of 87.823 sqm, in Mazotos Village, Larnaca.
The asset has a polygonal shape, an even flat surface and a total frontage of approximately 360 meters along the sea shore.
The immediate area of the property consists of residential developments and empty plots which lie within touristic and agricultural zone. It encompasses recent residential developments proximate to the sea shore, with swimming pools and well kept gardens.
It is noted that the property offers uninterrupted sea view.
Stamp duties is tax paid by property purchasers to the land registry when the property sales agreement is registered with the land registry. Transfer fees paid by property purchasers to the land registry when the title deed of the property is transferred to their name.
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