Why millionaires prefer Cyprus? | Living in Cyprus at The Ritz-Carlton Residences Limassol

Meet Nikita. He spent six years looking for the best place to live and finally chose Cyprus. Following Nikita's advice, we will look at one of the best residences to live in Cyprus, and I will show you a two-bedroom apartment of about 160 square metres worth 1,650,000 euros. And finally, we find out why tech companies choose Cyprus.
Cyprus Sotheby's International Realty
www.cyprus-sothebysrealty.com/
Anastasia Yianni
Mob. [phone]
Email. [e-mail]
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00:00:00 Welcome to Limassol in Cyprus
00:01:09 Meet Nikita, an entrepreneur who spent six years looking for the best place to live
00:02:08 Which countries and cities have Nikita enjoyed the most?
00:02:38 What is the best country for living with a family?
00:03:07 Where is the best place to live in Cyprus? Nikita’s opinion
00:03:55 Where is the best place to live in Cyprus? Professional comment
00:04:24 How much does buying or renting a two-bedroom apartment in Limassol cost?
00:04:48 What is the best residence in Limassol?
00:05:07 Welcome to The Ritz-Carlton Residences Limassol
00:06:10 Two-bedroom apartment tour in The Ritz-Carlton Residences, Limassol
00:08:16 The apartment price and monthly maintenance costs
00:09:12 Сomparing Limassol with Dubai, Lisbon, and cities in Switzerland and Austria.
00:10:32 How comfortable is Cyprus for working and doing business?
00:10:54 How to stay in good fit shape while living at a resort?
00:11:30 What are the best places on the island to eat and do sports?
00:12:10 How easy is it to adapt in Cyprus?
00:12:37 Who will not like Cyprus?
00:13:26 Why do tech companies choose Cyprus?
00:13:40 What are the salaries in Cyprus for employees of tech companies?
00:13:59 How easy or difficult is obtaining a work permit in Cyprus?
00:14:35 Do you want to move and live in Cyprus?
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#realestate #cyprus #limassol #ritzcarlton

[@sanderrecommends]

So do you want to live in Cyprus?

[@lens_vagabond]

Nah. Mostly Russians and Easter Europeans. Still a parochial backwater just expensive.

[@nikolajjovic]

Da! Bio sam u Februaru u Limasolu, savrsen grad.

[@sylvie431]

Δεν ξέρεις πόσο κακό κάνετε στον κυπριακό λαό. Τα άδικα δεν εύλογουνται.

[@michaelperikleous5488]

As a Cypriot this is one of the reasons that made our everyday life more difficult to leave. An average new couple can't find a house to built or an apartment to rent because of the insane hight prizes, especially in Limassol!!! As a country(island) gives us money and for the right price we will sell you our souls too!! This is a very nice video for the few Cypriot( Russians, Israelis and Ukrainian) that can afford to stay here and they "sweat" a lot to make their millions and " waited a long time" to get their residence permit!!

[@gpapadopoulos]

Because of these people, property prices in Cyprus are artificially inflated and not just in Limassol, all over Cyprus. For example what does Strovolos gas to offer? 350,000 just the land in St Vassilios area? And not only that, these tech companies want permit for hiring staff from 3rd countries. KEBE claims that they can't find Cypriots!

[@apapa5495]

...live...

[@gracechadi]

Cyprus is on my travel bucket list. Thank you for sharing.

[@sanderrecommends]

Write back if you like it.

[@gracechadi]

@@sanderrecommends Sure will :)!

[@MENSA.lady2]

Great idea for a vacation, but don't consider investing there.

[@davidlewalski2292]

Sander, another great video showing a classy Ritz-Carlton building that is also very affordable. But my dream is still a home Fontvieille and riding my bicycle in the hills of Monaco.

[@sanderrecommends]

Thank you! Unfortunately there are no Ritz-Carlton Residences in the region yet, but we can always find you a nice flat in Fontvieille with a storage for the bicycle )

[@VenusHoldingsLtd]

Excellent video promoting Cyprus! 👏

[@sanderrecommends]

Thanks🤝😎

[@dimitriupe]

Great video Sander! Well done!!

[@sanderrecommends]

Thanks for watching!

[@inesskarayianni3873]

Fantastic video!

[@sanderrecommends]

Thank you 🙏😍

[@GirlGoingGlobal]

Looks amazing!

[@sanderrecommends]

Thanks 😍

[@pn_cy]

Very well presented!

[@sanderrecommends]

Thank you 🤝

[@christosnicolaou2887]

Love Limassol. The best city in cyprus and maybe in the world.

[@apapa5495]

Μαμακίες...

[@user-le1gh1hd8o]

Κλαίω...χαχαχα

[@pruthviraj7912]

Amazing

[@sanderrecommends]

Thanks!

[@Johndoe-qn9jr]

what is IT company ? what qualifies for that ? is daytrading forex for example included in that ? Thank You

[@sanderrecommends]

Why don't you contact an adviser or lawyer in Cyprus? Several well known forex traders are based in Cyprus. Google it.

[@Johndoe-qn9jr]

Intresting to hear what he thout. And I guess he thinks that Monaco is also boring, but its there the billionaries are ? also intresting to hear hes thout of some other countrys like Dubai. I agree with him nature food and air quality is very important.

[@sanderrecommends]

Will do my best to film more stories in the future from Monaco and Dubai as well.

[@Johndoe-qn9jr]

@@sanderrecommends Yes more millionaries or even better billionaries to talk to please. Thank You

[@sanderrecommends]

This week I hope, I will show you a villa of a billionaire in Cyprus👌

[@Johndoe-qn9jr]

@@sanderrecommends very good thank you. What other countrys do you sell houses in Spain ?

[@sanderrecommends]

I had transactions in Spain, but I'm not a Spanish estate agent and I don't have houses there. I want to make more videos from Spain one day.

[@gehtdirgarnichtsan4178]

I've been involved in the markets for quite a long time and to me it looks like we've reached the top of the flagpole when it comes to speculation on real estate. All of the prices that are now being called out include 5-lane highways that Cyprus doesn't have, 100,000 well-paid new jobs that Cyprus doesn't have, the expansion of chemical and pharmaceutical companies that Cyprus doesn't have, doctors-teachers-rocket scientists who are unearthing new inventions bring... which Cyprus does not have, countless orders abroad which boost the gross national product.... which Cyprus does not have, clean drinking water that can be safely drunk from the tap like in Germany.... which Cyprus does not have, Building standards that are in no way inferior to those of Western Europe.... which Cyprus does not have. The prices are so exorbitant that it's ridiculous to even mention them

[@sanderrecommends]

Who knows what the future brings. If you don't believe in Cyprus, there is no need to invest or buy property. The protagonist of the video has already made his choice.

[@JM-dc7es]

Why would you ever need 5 lane highways in a country of 1 mil? I would totally get it if you said trains or trams tho

[@aristosalekou8300]

That shows that you have no clue… the five lane highway is not needed since the amount of cars does not require… pharmaceutical companies in Limassol are amongst the largest in the area and they export more that 97% of production. Water is safe to drink from tap and the building regulations in Cyprus are among the strictest and safest because of the earthquake region Cyprus is located…. Maybe study a bit more before spreading your false information.

[@MENSA.lady2]

Russian millionaires yes. others not so sure. There is far to much Russian money and influence on the island. I saw it coming and sold at a profit and returned to the UK.. The EU is either unable or unwilling to do anything about it.

[@sanderrecommends]

It's common to mix Russians and Russian-speaking people. This guy in the video has nothing to do with Russia. Brits are still Cyprus's most active property buyers, with Israelis in second place now. There are more Russian-speaking residents now because of the recent events. Many are now also moving from Germany and Scandinavia.

[@user-le1gh1hd8o]

Laundry for all kind of clothes...

[@giorgosfx4110]

you are the best

[@thierrysf]

10,000 EUR/sqm is compelely insane. You can find real estate in Switzerland for the same budget and you will pay even less taxes.

[@sanderrecommends]

That's exactly the point. That in Cyprus you can buy for 10,000 Euros something that in Switzerland you can't even find or afford, also because of taxes. Have you seen even one Ritz-Calrton Residence in Switzerland? They don't exist there. And Cyprus offers one of the best tax schemes in Europe today.

[@ioannistsiatalis1689]

Seriously you are trying to compare a well organised country as Switzerland is with Cyprus that nothing is working normally?

[@thierrysf]

@@ioannistsiatalis1689 this is exactly why real estate in Cyprus should be a hell of a lot less expensive than in Switzerland.

[@IbeatGTO]

How is the beach in Switzerland?

[@thierrysf]

@@IbeatGTO What a tone deaf question. Believe it or not, some people like me have absolutely no interest in a beach and hate hot climates even more.

[@mariosk1016]

This is how people ruined my town! Locals cant affort to live as our salaries cant compete the cost of living stop coming

[@lens_vagabond]

For 1.5 mil euros that ‘s a very poor choice for a condo.

[@sanderrecommends]

What would be your choice?

[@lens_vagabond]

@@sanderrecommends Build or buy a nice villa in Paphos or for that money, Limassol too lol

[@mariakitsiou3685]

iam from Paralimn but if i was millionaire i love to live in great Rio de Janeiro ❤ LOve to dance 24 hours💃

[@lambrosspyrou4450]

Another great video, it's 12.5% corporation tax and not 2.5% corporation tax though, right?

[@sanderrecommends]

Corporate tax is 12,5% but special tax incentives for IT companies make the effective rate 2.5%.

[@lambrosspyrou4450]

Checked this out - it's actually more about corporations that have qualified IP, meaning patents, copyrighted software programs, among other things@@sanderrecommends

[@manossonomas2931]

What in the golden passport is this?

[@sanderrecommends]

There are no golden passports anymore. Only permanent residency option through investment in real estate or business

[@rainerzufall9943]

NIKIBRAH | The God of Hormones ❤

[@sanderrecommends]

Yes, he is 😎

[@sylvie431]

​​@@sanderrecommends Σας εύχομαι ο τριαδικός Θεός μας να σας στείλει από εκεί που ήρθατε.

[@ME-ls9de]

1.65M for 2b ap in the fcking dessert? lol I’d rather buy somewhere else in Europe for a fraction of that cost.

[@fernandocoelho2840]

Wich language they speak there?

[@sanderrecommends]

Official languages are Greek and English. I'd say the most popular are Greek, English, Russian, Hebrew.

[@Andreanì-v4j]

Greek is the only official language

[@user-le1gh1hd8o]

English with Cypriot accent...

[@lauchgainz7481]

You have an interesting definition of spacious

[@sanderrecommends]

What is specious for you?

[@nikolask3875]

Because of the tax paradise ofcourse

[@sanderrecommends]

Tax paradise with some extra benefits

[@user-it3to1xb5u]

🇬🇷🇨🇾❤️

[@MichaelKay-lp3hn]

Do you think at some point the technology sector will grow into hardware manufacturering, (high tech kit, advanced medical systems, photonics and advaced materials etc.) This is what I am looking to do, but would the infrastructure be able to handle it as it does in Israel, for example?

[@sanderrecommends]

Michael, I have no expertise in this area. The only thing I know is that Israelis are actively investing and developing Cyprus.

[@OneManCanStopTheMotorOfWorld]

your kidding right? lmao thats never going to happen in Cyprus I work in tech and this is never gonna happen in Cyprus the infrstructure and talent just isnt there

[@MichaelKay-lp3hn]

@@OneManCanStopTheMotorOfWorldKidding? We'll see.

[@user-nl3nv9dd3d]

Because they are not billioners

[@mkballer4502]

i am confused, this guy is supposed to be a fitness coach but looks like he never trained in his life.

[@sanderrecommends]

What's he supposed to look like? Super dried, with protruding veins and abs through his е-shirt?

[@mkballer4502]

@@sanderrecommends you can easily spot a well trained physique in a T-shirt, so yes that’s exactly right.

[@manosgianniou4995]

Too expensive for this appartement!

[@sanderrecommends]

You find a two bedroom apartment starting from 350-450k in Limassol. But not in Ritz-Carlton residence 🤷🏻‍♂️

[@meandthepooch68]

Never would I advise anyone to come live in Cyprus or register your busness here It's far to expensive and no real tax benefits when I can get zero tax None of my busness are registered here or homes it's simply not worth it... TRUST ME

[@pistonburner6448]

They should broadcast this in all of russia and the occupier trenches in Ukraine so they'll all know what they've been paying for.

[@madisopabul]

trash

[@Poutoksereiseimaigw]

Cyprus is a f playground for rich people that live on the expense of the middle class