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Citizenship by investment in Cyprus-Europe’s most allured citizenship program

These are few common benefits of availing investor citizenship in Cyprus that are equally alluring investors and immigrants across the world seeking for suitable citizenship in a foreign country.

Having been ranked on the 5th position among the best places to relocate, Cyprus has become the favourite choice of immigrants across the world seeking to relocate to a European territory. It is the only country among all 28 EU member countries that grouped on top five with countries like London and Switzerland. In addition to securing highest points in key business and leisure sectors, a flexible tax regime for new residents and high net worth individuals have played a major role to establish a strong image of country on an international level.

The territory offers two types of programs for non-EU nationals with slight difference in requirements. For investment residency program, applicants are required to invest EUR 2.5 million in business or finance sector, however, for naturalization program; they can also capitalize at least EUR 5 million in residential and commercial real estate including infrastructure projects.

Expediently located at the intersections of three major continents- Europe, Africa and Asia, Cyprus is the sunniest European country with lowest crime rate that offers a high standard of living with convenient access to private schools and health facilities to its residents.

Common benefits of Cyprus citizenship

Irrespective of its kind, both of the citizenships offer few collective benefits to candidates. After availing the residency, immigrants are entitled to the following.

  • In addition to visa free traveling, residence and work permit in Europe, the entire family including spouse, children under the age of 18 along with dependent adults with ages between 18-28 years can obtain the visa.
  • Immigrants are not only eligible to establish their business setup, but also allowed to extend their services across the all states of the EU group without facing any obstacles.
  • They will not face any restrictions to transfer their funds and goods produced across the EU Member States.
  • There are no requirements to physically live in the country, neither before filing an application, nor after obtaining the nationality.
  • State Government has made meticulous steps to make Cryptic taxation system highly favourable for those who are seeking to obtain Cyprus citizenship by investment.
  • Besides all these financial benefits, non-European Cryptic residents also become eligible for visa free entry to over 50 non EU countries.

Why people are taking extra interest Citizenship by investment programs?

Flexible policies and revised criteria for foreign investors have significantly increased the number of applicants who are willing to obtain the Cryptic nationality after making investments in the territory. According to new policies individuals can avail the nationality after purchasing any kind of residential or commercial real estate including houses, shops, offices or hotel projects while excluding underdeveloped land. In an effort to promote more foreign investments in the region, the State Government has also introduced Major Collective Investment (MCI) route that reduces the minimum investment amount to EUR 2.5 million from EUR 5 million. Whereas, a total minimum investment of EUR 12.5 million is required from several applicants jointly apply for citizenship.

In addition to these new policies, following are major reasons increasing the allure of gaining Cryptic Citizenship by investment.

  • Unlike other countries no local government donations are required.
  • There are no restrictions to reside in the country, either before submitting the application or after availing the documents.
  • The territory is known to provide EU residency within the period of three to four monthsArticle Search, which is the lowest time period to complete the application process among all EU members.

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This article is written on behalf of Elevay, if you are interested then get Cyprus citizenship by investment with Elevay today and save your time.

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