Elite Wealth CreatorsCyprus Property
Elite Wealth CreatorsCyprus Property
Apartments and villas across Paphos, Peyia, Venus Rock and Limassol, from EUR 238,000 including VAT. We handle the Australian side of the whole purchase and stay reachable in your timezone while you work through it.
We sell new-build property in Cyprus to Australian buyers, and we look after the Australian side of the purchase from first conversation to settlement.
The stock is brand new and spread across six regions of the island, from apartments a walk from Paphos harbour to coastal villas and resort residences. More than 500 properties are available at any one time, so the question is usually which one rather than whether there is anything at your budget.
We only put Australians into stock that is genuinely finished or genuinely under construction by a builder with a multi-decade delivery record on the island and its own title office, rather than an offshore project with nothing you can verify. That filter is most of the value: buying overseas goes wrong at the selection stage far more often than at the legal one.
There is no fee to you. We are paid from the sale side, so our support costs you nothing on top of the purchase price, and buying through us does not make the property dearer than approaching Cyprus cold.
A brand new home inside the European Union, from €238,000.
This is Cyprus. We sell new build apartments and villas there, with more than 500 available across six regions.
Why Cyprus? An EU member using the euro, with registered title, and English spoken in business and law. Invest €300,000 plus VAT, and you open a route to permanent residency in Cyprus.
If you move to Cyprus, the non-dom regime means no income tax on dividends and interest, for 17 years. For founders who move, the IP Box cuts tax on qualifying profit from 15% to around 3%.
It can all be done by video call, with an independent Cypriot lawyer acting for you under power of attorney.
Register your interest today, and we will set up your first video call. There is no fee to you.
Cyprus is unusual among Mediterranean markets for Australian buyers, mostly for practical reasons rather than romantic ones. If you are weighing it against Dubai or against Australian stock, both are worth putting side by side before you shortlist anything.
Cyprus has been a member of the European Union since 2004 and uses the euro. Property is bought under an EU legal framework with a land registry and title system, and English is widely spoken in business and law, a legacy of the island's history.
Cyprus runs a permanent residency by investment programme with a threshold of EUR 300,000 plus VAT. It is residency, not a passport, and it is one of the few remaining programmes of its kind in the EU. The detail is set out below.
Most of this stock is designed for people who will actually spend time in it, with pools, sea outlook and golf frontage, rather than for pure yield. If you want a rental return with no personal use, say so early and we will tell you honestly whether it fits.
A selection across the price range, cheapest first. Every figure is the entry price for that development, so the range within each one runs upward from what you see here. All of them include Cyprus VAT at 19%, which is not how prices are usually quoted locally, so read the note underneath before you compare against anything else.
| Development | Region | Type | From, ex VAT | From, inc VAT |
|---|---|---|---|---|
| Aphrodite Court | Paphos | Apartment | €200,000 | €238,000 |
| Zephyros Village 3 | Paphos | Villa | €350,000 | €416,500 |
| Viewpoint Hills | Peyia | Villa | €706,000 | €840,140 |
| Aquamarine Coastal Villas | Paphos | Villa | €795,000 | €946,050 |
| Pelagos Beachfront Villas | Paphos | Villa | €800,000 | €952,000 |
| Royal Residences | Venus Rock | Villa | €1,138,800 | €1,355,172 |
| Imperial Residences | Venus Rock | Villa | €1,583,000 | €1,883,770 |
| The View, Phase B | Limassol | Villa | €2,000,000 | €2,380,000 |
Cyprus prices are quoted excluding VAT. The figures above add Cyprus VAT at the standard rate of 19%, because that is what most investors and holiday-home buyers pay, and quoting the lower number would understate the real cost by nearly a fifth.
A reduced VAT rate of 5% applies to a qualifying primary residence, subject to conditions and area limits under Cyprus law. If you qualify, the entry apartment is closer to EUR 210,000 than EUR 238,000. Whether you qualify is a question for a Cypriot lawyer, not for us. Prices and availability change, so treat everything here as indicative until confirmed in writing by the seller.
Cyprus runs a fast-track permanent residency programme for non-EU buyers. It is worth understanding precisely, because a great deal of what is written about Cyprus online is out of date.
Elite Wealth Creators is a property firm. We are not migration agents, we are not Cypriot lawyers, and nothing here is immigration advice. The programme details above are published requirements as they stood at the time of writing, and they change. Anyone buying with residency as the goal should take advice from a Cypriot lawyer or a licensed immigration adviser first, and treat the property as the second decision rather than the first.
For anyone who relocates and becomes tax resident in Cyprus, the country offers a regime built to attract investors, traders and founders. It is the reason so many of them choose Cyprus over the rest of Europe, and it applies from the year you become tax resident.
For individuals. Someone who is Cyprus tax resident but not Cyprus domiciled, which covers almost everyone who moves there from abroad.
Dividends and interest still attract the 2.65% General Healthcare System contribution, capped at EUR 180,000 of income a year.
For a Cyprus tax-resident company earning from intellectual property it developed. Especially relevant to software and technology founders.
The regime applies once you are tax resident in Cyprus, either by spending 183 days a year there or through the 60-day rule, which needs 60 days on the island, a home there, and business, employment or a directorship with a Cyprus company. Leaving Australian tax residency is its own step with its own rules, so map both sides out with your accountant and a Cyprus tax adviser before you move rather than after. Elite Wealth Creators is a property firm, not a tax adviser, and this is a summary of the published regime rather than advice on your situation.
The process is set by Cyprus law and local practice, not by us. Knowing the shape of it upfront saves a lot of back and forth.
You tell us what you are looking for and your budget. We register your interest in Cyprus and book a specific appointment, either on the island or by video call, confirmed within three working days.
You meet the sales team on the ground in Cyprus, see what is genuinely available at your price, and pick a specific unit. Your registration stays live for 90 days, so there is no pressure to decide on the call.
You appoint your own Cypriot lawyer, who reviews the contract of sale and lodges it with the Land Registry. The contract of sale is between you and the Cyprus seller. Use an independent lawyer, never an in-house lawyer from the seller. If you would like names, we can give you several independent firms to choose from.
Payments follow the contract, usually staged against construction. Title transfers on completion. If residency is the goal, your lawyer runs that application alongside.
None of these are reasons not to buy. They are the items that surprise people who have only ever bought in Australia, and they are the sort of thing our property investment advisory work exists to get in front of rather than behind.
Every price, deposit and progress payment is in euro. On a purchase that settles across a construction period, the Australian dollar cost can move meaningfully in either direction before you have paid the last instalment. Worth a conversation with your bank or an FX provider before you commit, not after.
Nineteen percent standard, or five percent on a qualifying primary residence subject to conditions and area limits. On a EUR 795,000 villa that difference is over EUR 110,000, so it is worth establishing which rate applies to you before you fall in love with something.
As an Australian tax resident you are generally assessable on worldwide income and gains, so Cyprus rental income and any eventual capital gain come back into your Australian return, with foreign income tax offsets in play. Your accountant should see the numbers before you sign, not at the next tax time.
Tell us the region, the budget and what the property is actually for. We will register your interest and set up an appointment, in Cyprus or by video call.
Two ways to start. Fill in the form and we will come back to you, or pick a time now and we will talk it through.