Everything You Need to Know About Cyprus’ Citizenship by Investment
Planning to move to Europe and settle there? The European region offers vast potentials and opportunities to its citizens. That’s why most businessmen want to invest in this rich region. However, they seem to have a hard time invading the European market. For those who are struggling, we’ve got good news for you! Cyprus citizenship by investment program is now available!
Cyprus’ Citizenship by Investment Program
Benefits of Obtaining Cyprus’ CIP Program
The government of Cyprus assures you’ll receive the following stunning benefits for those investors who will avail citizenship by investment.
Obtain Rights as an EU Citizen
All Cypriot passport holders will obtain privilege like that of an EU Citizen. They will have the right to study, work, reside, and travel to any country that’s part of the European Union without limits! This means you can travel to any part of the region, whether it’s for business or leisure purposes.
Freedom of Movement
Not only do you get to travel freely to 28 EU countries, but you’ll also have access to travel in over 166 countries worldwide too. Aside from that, you’re also free to move your goods and services across these countries without the hassle of obtaining a visa.
Citizenship for the Whole Family
The Cyprus government also ensures you won’t only reap these awesome benefits, but it will also be extended to your family too! The moment you obtain citizenship by investment, your spouse, children, and dependents automatically get eligible. It is said that your citizenship can also be passed down automatically to succeeding generations too.
Attractive Tax Scheme
One of the main reasons why investors want Cyprus is that it has one of the lowest tax schemes in the EU. Cyprus citizens enjoy lower corporate taxes, immovable property tax, and zero inheritance tax. If you want to avail of these perks, make sure to apply for Cyprus citizenship by investment program right now.
Return of Investment
Three years after obtaining your citizenship, you can sell your properties and earn income or returns out of it. Just make sure you’ll retain 500,000 Euros worth of investment as your personal properties. Nevertheless, there’s a guarantee that you’ll get your returns in no time; money or privilege-wise.
High Standard of Living
There are tons of reasons why investors avail citizenship by investment and stay in Cyprus for good. Aside from its perks being in a member of EU, it has a favorable climate all-year-round. It makes it easier for you to adapt to Europe’s weather and climate without enduring the winter’s biting chill or scorching heat of summer. You and your family will also have access to high-quality education and healthcare.
Guidelines in Obtaining Citizenship by Investment
- Here are the general things you should know when applying for Cyprus CIP.
- The applicant must invest a minimum of 2 million Euros to become eligible.
- The entire application process usually takes 6 months or more.
- No need to actually live in Cyprus before, during, or after the application process.
- No language requirements either.
- You need to keep your investments for at least five years before you can sell your properties. However, you need to keep at least 500,000 Euros worth of personal residence property in Cyprus.
- You’re also required to donate at least 150,000 Euros aside from your principal investment.
- The good news is that your family can also obtain citizenship. You can also apply for your parents’ citizenship. Cyprus allows dual citizenship.
- No tax consequences for applicants who obtain Cyprus citizenship.
Want to have a smooth application process to obtain Cyprus citizenship by investment? We got you covered! Our professional team is always ready to help you right now!