What you need to know about the Investor Immigration Program in Cyprus

Cyprus is a popular destination for Mediterranean cuisine, world-renowned beaches and weather. What many may not know is that the Cyprus Investor Immigration Permit (also known as the CBI program or golden visa) has made it possible for many non-EU nationals to become legal residents of Cyprus and even acquire citizenship.

About the Investor Immigration Program

The Cypriot government is looking to attract more investment in order for it to grow economically. They’ve recently changed their immigration laws. The new Regulation 6(2) of the aliens and Immigration Regulations allows foreign investors to make qualified purchases or investments there. Residence Permits will be given out as well.

With the Cyprus economy struggling in the past, it is time for investors. The island has had an excellent investor program since its inception many years ago. Now it offers more attractive criteria and process in order to attract prospective candidates!

There are many option across the World when it comes to citizenship by investment programs. The country of Cyprus offers a unique combination of attractive benefits making it one of the best investment schemes to consider.

Why Cyprus?

With all these benefits, Cyprus is a great place to invest your money and enjoy living standards. The low cost of living ensures that you’ll be able to afford quality healthcare with tax-friendly initiatives too!

There’s no better time than now if you want an international career opportunity or just retiring on the island where almost everyone speaks English.

Citizenship by investment programs are a great way for people looking to become citizens of other countries. The island nation of Cyprus offers an attractive package. It includes many benefits, making it one such program worth considering!

3 different Investment Routes to consider

There are some citizenship by investment routes that you can take to become a citizen of the country.

Purchase a home on the Island

The investor must acquire a property valued at least €300,000 for the purpose of living in it. (excluding VAT). The first 200 thousand plus Vat must be invested before applying. To secure the property, you must prove that funds from abroad have been transferred to Cyprus and any money borrowed within our country won’t work.

Invest in a business property

You can invest in property through a Cyprus Land Development company. You must buy the commercial development, such as an office building or shop with value of € 300K (incl VAT) and it’s sold afterward if you wish.

Share ownership of a Cyprus firm with operations and employees in Cyprus

Another option to receiving your golden visa is investing in a Cyprus Collective Investment Organization. This guarantees that the funds are regulated by professional fund managers and have been tested for growth potential. Particularly with respect to start-ups or medium-sized projects which show great promise during their early stages of development.

In addition, there exist investment vehicles tailored specifically towards certain industry sectors such as energy production & distribution, technology, Industry, and real estate developers.

Most Popular Way to obtain the European Passport

When it comes to getting a European passport, investing in real estate is the most popular option in Cyprus. This has many reasons but one major reason why people want their citizenship. That’s because of how dynamic Cyprus’s market can be with high-quality properties selling at reasonable prices and getting your money back in rental income.

With high rental outputs and a developing tourism industry, this destination is a great option for investors. If you select this pathway to residency (through property), make sure that your chosen Land Development Company is based in Cyprus. They will help with all aspects of development for their clients’ properties!

Criteria for qualifying for a Cyprus investment

Anyone outside the European Union may apply for the program, however several conditions must first be fulfilled:

·         The applicant has an income of at least of €30,000 outside Cyprus. Including wages, pensions, dividends, deposits, rental earnings, and so on.

·         Every two years, visit Cyprus and bring proof of your personal presence.

·         Applicants with clean criminal records who pose no threat to public security or order.

·         Complete declaration of intention not to work in Cyprus (with one exception: being a Director in a company).

Benefits of the Investor Immigration Program

The perfect lifestyle for your future family. Cyprus is the place to be with its low cost of living, free healthcare and long slow paced life!

●       The dividends from a company option can make for an interesting and potentially lucrative investment. Cyprus is known to be a popular tax haven in Europe. It has no inheritance or immovable property taxes, and capital gains on qualified securities enjoy 100% exempt status. This means you can avoid paying double taxation by being resident of the country while also enjoys treaty benefits with many other countries!

●       Having a Cyprus passport means that you can travel to over 170+ countries without visas and live, work or study anywhere in Europe!

●       Your family members are eligible for residency including the spouse, parents, parents-in law and children. To apply, dependent youngsters must show they are enrolled in a tertiary education institution abroad or are financially reliant on you.

The 5 Main Steps to apply

1. Make the initial investment

2. Submit the Application documents (Wait 2 Months)

3. Attend a biometric collection session

4. Receive your residence permit (Within a week)

5. Apply for citizenship in Cyprus in year seven

Conclusion: A lot of Benefits!

You can acquire residency in Cyprus and enjoy the perks that come with it. Residing there is also beneficial, as you are covered by its new national healthcare system, which provides free care! Acquiring this status could help make your life easier by giving access to visa-free travel all over Europe.