How the Cyprus Investment Residency program changes your life?
Cyprus is a European Union member, and it gives its citizens a high standard of living. It also exists as a significant centre where intercontinental deals are accepted out on a large scale. Cyprus has beaches that are just amazing, and hence make it an absolute appealing place. However, if you have a residence permit of Cyprus, then you can enjoy the benefits of impeccable healthcare scheme, a wide-range of education opportunity, taking into account that Cyprus has high-quality private English schools & universities. Therefore if you want to enjoy the vacations and wants to enjoy stress-free life, you may look for the Cyprus Investment residency program. Your application will take around a period of two months to get complete. It will help your family members to qualify in their applications. Moreover, it will also offer a high level of mobility throughout the European Union.
Advantages of gaining Cyprus Investment program.
Right to vote and stand for parliament elections.
No need for renouncing the previous nationality because of dual citizenship is permitted.
Travel visa-free to over 171 countries involving Canada and Europe.
Common Law jurisdiction.
defense by diplomatic or consular powers.
Cyprus Residence permit gets issue around five days from the submission of a combined
application for residency.
Your partner, children up to age 25 year and parent, will also be eligible for permanent residency.
Permanent residency for a lifetime, i.e. no need to renew it.
Eligibility for Cyprus Investment residency program
The applicant should have no criminal record from the country.
Investor name must not engage in the history of individuals whose property is ordered to be frozen.
Age should be 18 or more.
You need to trip to Cyprus for biometrics and get Permanent residence (PR)
However, the investor may also include the spouse or offspring’s and parents in the same citizenship application. Children can involve the age of 18 to 27 if they are financially dependent on the primary applicant.
The investor needs to invest the amount of €500.000 plus VAT and must be paid entirely.
You can make the investments in the following-
Financial resources of Cypriot organizations or companies; Real estate, infrastructure projects and land development; A combination of investments, with the decision of purchasing up to €500,000 in Cyprus Government bonds, which must be maintained for a 3 year period; Alternative Investment Funds or financial assets of Cypriot companies certified by the Cyprus Securities and Exchange Commission (CySec)
So I should tell advise prospective investors to consult professionals who can guide you through the Cyprus investment residency program and instruction on the most proper investment and property preference before making any decisions.