What should you Know About Cyprus Citizenship by Investment?

What Should You Know About Cyprus Citizenship by Investment? ******************************************** The country known as the 'Jewel of the Mediterranean' is today popular amongst investors and businessmen for getting citizenship by investment. Cyprus is the third-most populous island in the Mediterranean. Citizens of the county enjoy a modern, free-market, and service-based economy. The country has a warm and stable environment.

Cyprus is considered an attractive place for citizenship as well as a residence by Indian investors. You can either go for the Cyprus investment residency program or citizenship by investment.

Many inventors from India are looking to invest in Cyprus and achieve citizenship. What could be the reason? To answer this, we have listed down the benefits of Cyprus citizenship.

Benefits of Cyprus Citizenship Here are the benefits of Cyprus citizenship: ●

With Cyprus citizenship, you can travel visa-free to over 173 countries. You do not require a visa for all EU member states, Canada and Australia.

●

● ● ● ● ●

You get access to the Cyprus and EU education system along with Cyprus citizenship. It is known for its high quality and standards. You can also apply for EU grants as an EU citizen in European Universities.

You can also achieve dual citizenship under Cypriot Citizenship law. However, dual citizenship also depends upon India’s citizenship law.

You get a highly qualified English-speaking workforce.

You get to enjoy a reliable legislative and regulatory framework and a stable taxation system. Cyprus has one of the lowest corporate tax rates in Europe.

You can also include your family in the application.

You do not need to give any language test to obtain citizenship by investment.

You must have now gotten why investors have an eye on Cyprus citizenship. Do you also want to invest and gain citizenship in Cyprus? Let’s explore the Cyprus citizenship by investment program.

Cyprus Citizenship by Investment Program The program lets eligible applicants achieve Cyprus citizenship through real estate investment. This program is the only way to get a direct citizenship program in Europe without residency requirements. After getting citizenship through this program, you and your family can leverage all the benefits we discussed. Thus, let's move further to the eligibility criteria and the investment requirements of the program.

Eligibility Criteria for Cyprus Citizenship by Investment Read these eligibility criteria and check whether you are eligible for the program. ● ●

● ●

You must have completed 18 years before you apply for the program.

You and your entire family, including your spouse, and children under 18 years, are eligible to apply for citizenship. Also, adult financially dependent children or university students up to 28 years of age are eligible to apply.

Your parents are also entitled to apply for citizenship. However, you need to invest 500,000 Euros in a Cyprus real estate property apart from the minimum investment requirements.

You must have a clean police criminal record.

You can also consult an immigration lawyer in India for further guidance.

Investment Requirements for Cyprus Citizenship Here are the investment requirements you must fulfill before applying for the program. ●

You are required to purchase a real estate property worth at least 2 million Euros. You can invest it in a single property or several properties that are jointly worth 2 million Euros.

● ● ● ● ● ●

You can also include your or spouse’s parents by adding 500,000 Euros into your real estate investment.

You must make a donation worth 100,000 Euros to the Cypriot Government Research and Development Fund.

You must also donate another 100,000 Euros to the Cypriot Land Development Organization.

You must invest money that came from a reputable source.

You should collect all the required documents, such as property purchase documents, police records, proof of availability, legal funds, and so on.

You should be a registered resident of Cyprus before you apply for citizenship. It does not mean you actually need to stay in the country.

You can contact the best immigration consultants for more in-depth information and guidance. Additionally, you will get help in the application process, which is the next step after fulfilling all the requirements.

In final words, just like any other citizenship program, you must be eligible and fulfill all the requirements before applying for citizenship. You need to make initial efforts, and the returns will follow your way.

Source: https://indianimmigrationlawyer.wordpress.com/2022/07/12/what-should-you-know-about-cypruscitizenship-by-investment/