Bazaraki
Property 5780571
Famagusta · EUR 550,000 · 9
A Jewel of the Mediterranean Cyprus Cyprus, a true gem of the Mediterranean, is not only one of the region’s most sought-after tourist destinations but also a remarkably diverse and vibrant place to live. Its multicultural society reflects centuries of influence from civilizations that have graced its shores, each leaving a distinct mark on the island’s identity. From medieval castles and Roman cities to Venetian walls, Byzantine churches, and Neolithic settlements, the southern coast of Cyprus is a living museum of human history and culture. Today, Cyprus stands out as a strategic hub for international investors, offering direct access to the expansive EU markets and emerging economies across the Middle East, Eastern Europe, North Africa, India, and China. The island’s market-driven economy operates under a transparent regulatory and legal framework based on the UK’s Common Law and fully aligned with EU legislation. Cyprus also provides a wide array of advantages to the corporate sector. These include one of the lowest corporate tax rates in the EU at just 10, as well as an extensive network of double taxation treaties with 44 countries. Investors benefit from a robust transport and telecommunications infrastructure, a highly educated and multilingual workforce, and access to top-tier professional services across banking, tax, legal, accounting, auditing, and investment management. In addition to these economic strengths, Cyprus offers low operational costs and an exceptional quality of life. These factors combined have earned the island a prominent place on the global investment map. Featured Areas Ayia Napa Ayia Napa is renowned for its stunning white-sand beaches and lively nightlife, making it one of Cyprus’s most popular tourist destinations. The town offers a wide selection of restaurants, bars, nightclubs, shops, and medical facilities. At its heart lies a charming medieval monastery, just a short walk from the picturesque harbor where traditional fishing boats and tour vessels line the shore. Among Ayia Napa’s many attractions is the award-winning WaterWorld Water Park—a favorite for families and thrill-seekers alike. A world-class marina is also under development, set to feature over 600 berths, artificial beaches, upscale restaurants and bars, sports facilities, and a five-star hotel. Preliminary construction is already underway. Protaras Stretching along 10 kilometers of the stunning Famagusta coastline, Protaras is a tranquil resort area famed for its golden sandy beaches and crystal-clear waters. Once largely uninhabited, the area was historically dotted with windmills—some of which still stand today, adding charm to the landscape. Archaeological discoveries have revealed remnants of the ancient town of Lefkola, a bustling port city during the Greco-Roman era 58 BC – 395 AD. Today, Protaras is a flourishing resort town, offering a mix of modern conveniences including hotels, restaurants, bars, shops, schools, and hospitals—making it ideal for both holidays and permanent residence. Note This property is V.A.T. exempt.
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