Invest in Greece and Cyprus

Now is the time to invest in Greece. The recent crisis has brought selling price at a very reasonable level. RIMATTOSO HOLDING  Company Management Services Ltd has exclusive selling agreements directly with the owners of Luxury Properties all over Greece. From Khalkidhiki in Northern Greece, to the mainland including capital Athens, the Peloponnese and the thriving Greek Islands from the Aegean Sea – the Ionian Sea down to spectacular Crete in the South. Our agreements are not limited only to residence property but also include opportunities for existing Tourist enterprises and land for sale. As many of you are aware tourism revenue in Greece has reached record levels in the last two years.

Our offices in Athens and Thessaloniki with our experienced staff will make sure that your application is drafted filed and processed smoothly and within the time framework provided by the relevant legislation.

As many of you already know Air China has very recently established daily flights to Greece making access to your prospective holiday retreat easier and cheaper.

Also recent state agreements have awarded the administration of Piraeus, the main port of Greece and the 2^nd biggest in the Mediterranean to Chinese companies. I can now reveal to you that Piraeus will soon become the starting port for Luxury Cruises for Chinese tourists to the Mediterranean Sea!!

What better holiday planning that to follow a week-long cruise in the Mediterranean with enjoyment of a holiday house on the beach or in spectacular Athens and Thessaloniki?

The Greek Residence investment requirement is Euro 250,000 plus the applicable VAT or transfer taxes.

Cyprus stands literally and the doorstep from Asia to Cyprus. Commercial relations between Cyprus and China have thrived during the last 2 decades. Cypriot entrepreneurs are regular visitors to Chinese trade exhibitions placing large orders taking advantage of the amazing development in your Country’s technology in all fields of trade and production fields.

In Cyprus and of course in Greece – we pride ourselves for our great hospitality which is reflected in the thriving tourist industry. Our beautiful landscape, sandy beaches, archaeological Monuments combined with the very high standard of Legal and Financial Services left as with no choice other than dedicating ourselves to welcoming foreign tourists and inventors and making them feel at home!

The Cyprus Citizenship by Investment Laws has attracted many foreign investors who have taken advantage of what our small island has to offer. More than 4 billion EURO have been invested in the Cypriot economy in the last 2 years.

In order to be eligible for the Cyprus citizenship by exemption programme the applicant must:

• Have a clean record form from his country of origin or residence (if not the same).
• Own residential property in Cyprus valued at least at EURO 500.000(excluding VAT) and of course hold a Cyprus residence permit, which is the first step in the procedure
• Allow me to mention on a power point basis the alternative ways through which you can qualify for naturalisation in Cyprus

1. Invest EURO 2 million or more in immovable property and other related projects,
2. Invest EURO 2 million or more for the acquisition, incorporation or participation in Cypriot business or Company,
3. Invest EURO 2 million or more in Cypriot Investment funds or the acquisition of financial assets in Cypriotbusinesses licensed by the Cyprus Security & Exchange Commission (CySEC).
4. Invest EURO 2 million or more in a combination of the above criteria. In such a case the investor may also invest in Cyprus Government bonds for a maximum amount of EURO 500,000.

It is important to underline that the EURO 500,000 (excluding VAT) residentialproperty ownership is essential in all of the above scenarios.

It must be noted that any amount that exceeds the minimum amount of EURO 500,000 (excluding VAT) may be deducted from the minimum amount needed for the Investment Scheme, namely EURO 2 million

If the Investment Scheme in immovable property is to be chosen, there is no need for buying a residential property provided that one of the properties bought is valued at least at EURO 500,000 (excluding VAT) and the applicant remains a lifetime ownership of that property.

If the investor does not wish to acquire Cypriot Citizenship, the property investment requirement is Euro 300,000 plus VAT

The above investments may be made personally or through Limited Company or trust. It is also important to note that the investment must have been made during the last three years before the filing of the application and must be kept for at least three years after the granting of the Cypriot citizenship.

In a nutshell the main benefits deriving from obtaining Cypriot Citizenship are the following:

• Cyprus is strategically located in the Eastern Mediterranean forming a bridge between the Europe, the Middle East and Asia, with a very low crime rate and is an outstanding holiday destination.
• Every Cypriot citizen is also citizen of the European Union. Within the EU Countries,Cypriot nationals may travel, live, work as a result of the right of free movement and residence granted in Article 21 of the EU Treaty.
• In EU countries Cypriot passport holders may travelusing only their Cypriot ID Card.Cypriot passports can of course be used for travel visa-free to more than 150 countries.
• Passports will be issued to the investor, their married spouse and dependent children up to age 28, provided they are in full-time education.
• Future generations obtain passport through “derivation” of citizenship.
• The Republic of Cyprus allows investors to keep their original passport.
• No further fees and dues to the local government.
• The investor does not become tax resident in Cyprus, unless he/she specifically applies for the Cypriot tax residency. As a result no dividend tax on worldwide income is payable in Cyprus. Added to this Cyprus has no inheritance tax and the lowest rate of corporate income tax in Europe.
• It is not necessary for the applicant to reside in Cyprus before or after obtaining Cypriot passport.
• The type of ownership is freehold residential and freehold commercial properties with excellent rental yield from investments.
• The investors have the right to rent the permanent residence in Cyprus or sell it given that another permanent residence will be purchased.
• After 3 years investments can be sold provided.
• The applicant’s parents are also entitled to apply for Cyprus Citizenship provided that they own a residence valued at least at EURO 500,000 (excluding VAT).

Through a very experience and qualified network of legal and financial advisors and real estate agents in Cyprus, Greece, and Hong Kong our Company RIMATTOSO HOLDING  is able to offer the following services to prospective investors:

• Advice regarding the choice of immovable property and/or Investor scheme on which the residence or passport application will be based ensuring very favourable prices.
• Completing and submitting the necessary documents and relevant forms.
• Following up of the application through local staff to ensure smooth passage and approval within the specific time schedule.
• Advice and assistance for the transfer of funds to Cyprus or Greece.
• After sale services for the smooth settlement and enjoyment of the benefits offered by the Residence and Passport programmes in Greece and Cyprus.