Cyprus Business Investment Immigration Programby XIPHIAS IMMIGRATION migration executive
Cyprus, the beautiful island country located to the south of Turkey invites all those high net-worth individuals to invest in the country. Cyprus provides two different immigration pathways through Cyprus Business Investment Immigration Program for the investors. Cyprus is otherwise known as the Republic of Cyprus. Tourism is the back bone of the economy of Cyprus. Investing in the real estate of Cyprus brings in the right kind of returns that an investor would dream about.
Cyprus to improve the real estate market and for get funding for their internal business invites high net worth individuals to invest in the country. Cyprus is part of the European Union since 2004. Although the country is located a little away from the main land of Europe, it is well connected with most of the European countries. Cyprus offers two separate pathways for investors to invest in the country.
Cyprus CIB Program requires the investor to invest a minimum of Euro 2,500,000 in the country’s real estate. This investment will invariably bring back the investor, his returns. The investor, his/her spouse and dependent children upto the age of 28 years can obtain their Citizenship through this investment. This investment should be maintained for a period of 5 years. After which, the property can be sold or given to others for the same purpose. The investor need not live in Cyprus for even a single day and yet maintain the dual citizenship. With the second passport the investor gets to travel to 100+ countries visa free and thus spread his/her wings of business. Apart from the above value of investment, the Government of Cyprus, expects the investor to contribute Euro 75,000 to the research and innovation foundation and a mandatory contribution of Euro 75,000 should be made to the Cyprus Land Development Corporation.
Cyprus provides its Cyprus Permanent Residency program for all those high net-worth individuals who can purchase Cyprus Real Estate for a minimum cost of euro 300,000. This program is easier with less documentation and less risk. However, under this program, the investor can invest in only 2 properties of Cyprus. The investor will have to open a bank account in Cyprus and should transfer a minimum agreed amount into the bank annually. Such deposits should be derived from a legal source of either employment or business outside of Cyprus. The investor will receive his/her PR Visa within 3 months’ time period. The investor and his/her immediate family can avail this visa. To enter Cyprus, the investors need not obtain any other visa.
The investor, irrespective of the pathway chosen, will need to provide documents proving his/her personal net-worth and the source of income. They will have to provide medical certificate to prove their personal health both physical and mental. They will have to provide a background check certificate proving their clean records, both socially and in business areas. Any other document which can prove their worth and make their file stronger can be provided.
Benefits of Cyprus Investment Immigration Programs
1. Cyprus is a country known for low crime rate. The country is safe and believes that the residents be regarded with utmost care and love
2. The country is a tourist destination and thus one gets to meet a number of people from across the world and from different ethnicity
3. The residents get to enjoy the best infrastructure possible for livelihood.
4. The residents get an access to free state sponsored education
5. The country has good, stable education system
6. Its tax regime is very beneficial for new residents and citizens of the country
7. It centrally located to 3 continents – Asia, Africa and Europe
8. With just the Cyprus PR Visa, one can travel across European Union without the need of any other visa
9. With Cyprus passport the investor can travel to more than 160 countries across the globe
10. Cyprus has a good pool of educated skilled professionals who can be valuable asset for the development of any kind of business
XIPHIAS Immigration provides the best possible business investment immigration visa solutions. We offer the investor the right possible investment options in Cyprus. We are tied up with multiple real estate houses there and hence are at our client’s behest to help them with any kind investment in Cyprus. We are a team of certified international immigration experts.
Created on May 23rd 2020 04:35. Viewed 297 times.