Cyprus is a beautiful island nation in the Eastern Mediterranean. With incredibly beautiful beaches and a gorgeous warm Mediterranean climate, it is fast becoming not only a popular place to holiday, but also an amazing place to invest.
With the Cyprus citizenship by investment program, it may be possible for you to live in this magnificent part of the world, quite easily. So, how is this possible, and what are the benefits of becoming a citizen of Cyprus?
One way to become a citizen of Cyprus is through investment. This is currently the quickest route to Cyprus citizenship available. There are a wide range of investment options available. You can choose from property investment which includes small residential properties, commercial property and luxury villas. Or if this is not to your liking, other investment vehicles are available for you as well.
There are several benefits of becoming a citizen of Cyprus. These are listed below.
As mentioned above, investing in real estate and other investments is the fast track to Cyprus citizenship. Once you have signed a contract of sale and submitted the bio metrics required, it is simply a wait of 180 days until you receive your passport.
With this you have many freedoms. You may travel to 173 countries including the United Kingdom and anywhere in Europe without visa applications or restrictions. Your entire family can be included in your EU status, including adult children up to 28 years old and parents as well.
You may also live anywhere in the EU, or anywhere else you choose. This investment route only requires a single visit to Cyprus. Keeping your current citizenship is also achievable as you can carry dual citizenship. It is valid for life and even transferable to descendants.
Giving your children access to EU education is also another benefit of the Cyprus citizenship by investment program. Gaining access to the top EU universities with lower EU tuition fees is a major benefit. Especially when thinking about the future education of your children.
There are also zero taxes for individuals not residing in Cyprus. This means you will pay no dividend taxes or inheritance taxes.
If living in the United Kingdom is something you desire, then gaining Cyprus citizenship can provide you with an easy three step system. Once you have your EU identity, you simply prove UK residency and show a clean criminal record.
What is the minimum investment required?
So, as you can see there are many benefits to the Cyprus citizenship by investment program. The investments start from 2,150,000 Euro and are for a minimum period of just 5 years, when investors can reduce their investment to 500,00 Euro indefinitely.
Either option does involve a non -refundable government donation. If you would like more information on how you could benefit from the Cyprus citizenship by investment program, then feel free to reach out. We will be happy to answer any questions you may have and be able to guide you in the right direction.