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.
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.
Source: Free Articles from ArticlesFactory.com
ABOUT THE AUTHOR
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.