Everything you should know about Cyprus Citizenship requirements
Are you looking to intend to live in Europe? Do you wish to get Cyprus Citizenship fixed with many tax advantages and incentives? Cyprus immigration is potentially the best decision to invest as they do not have so many hard rules. It has a good reputation and well known safe, developing and business-friendly space and hence stimulates growth, achievement and investor confidence. The best approach to get Cyprus citizenship by investment either in real estate, local companies or Government bonds. Through this guide, I will discuss with you Cyprus Citizenship requirements that investors need to complete so that they can enjoy the beautiful landscape and view of Mediterranean.
Cyprus Citizenship by investment gives the quickest and most guaranteed way to achieve the European passport through investment in real estate. Investors need to invest at least € 2 million for the buy or construction of buildings or other land development projects (residential or commercial, tourism sector or other infrastructure projects). However, no European Golden Visa program offers definite results and giving a European Second passport within six months.
Furthermore, the investor must have loyal to the investment before applying for the visa. Your funds must be placed in Cyprus before application, and they can be unconfined by some payment plan contracted for the property, principally in the case of off-plan progress. The process for gaining the Cyprus passport will then be finished within six months. A complete repayment can be presented for certain real estate investments if there is case refusal of the citizenship application.
If you want to apply for Cyprus citizenship, you must have a clean criminal record. Your name should not involve on the list of individuals whose property is intended to be frozen around the boundaries of the EU. However, there is no particular language requirement, interview and medical test. Investors do not need to stay in the country after investing and getting Cyprus Citizenship.
The application process is prompt and straightforward and with an elevated approval rate. It has a proper family configuration as it allows your children up to age 28 to be eligible and all future age group. Cyprus Citizenship has requirements of original documentation, and there is no residency condition. The citizenship investment program in Cyprus is perfect for High Net worth persons looking for a fast and resourceful path to a European passport.