Advantages of Cyrus Investment Residency program
Cyprus is a beautiful Mediterranean country that is recognised as the eye-catching jurisdiction for livelihood, doing study and business. However, the nation has some benefits like multicultural environment, high standard of living, favourable weather and many more. Cyprus is a member of European Union since 2004 and makes certain flexibility and expediency in setting up business and life in general. The government takes up a decision for offering foreign investors to buy property under the Cyprus Investment residency program on 19 marches 2014. Under this program, every foreign citizen can get Cypriot citizenship through Cyprus Investment program by investing in one or more types.
Cyprus investment program is one of the simplest and quickest ways to obtain Cypriot citizenship. This helps the country government to manoeuvre their nation out of economic crisis and support investments into the country economy. Cypriot citizenship is given to the member of the program, other spouse and children having age up to 28 years who are financially dependent on the applicant. It is approved automatically to all future generations of the investor.
However, the investor does not need to live permanently on the territory of Cyprus. There is no requirement to pass any language or history exams for applying for citizenship. Moreover, they will also get a visa-free regime for 157 countries including the United Kingdom. You have permission to get dual citizenship legally. According to the program, A Cypriot passport may be achieved within a comparatively short period (6 months), which comprises three months before the authorisation of the investor’s application and three subsequent months before acquiring the passport. The cost for real estate in Cyprus are affordable and reasonable, so you can easily buy the property in the nation as compared to other European countries.
Prospective investors are offered a fast, cost-effective and beneficial Cyprus investment residency program to get a European Union member state citizenship. It gives the holder the absolute right to work, live, study and travel within the EU without any tension. The simple method, need for minimum requirements and the possibility to move the entire family makes Cyprus Investment program to a certain extent unique and extraordinary.