Cyprus offers golden visa programs through real estate investment.
Posted by shalini on February 1st, 2019
The Cyprus investment schemes are fast and efficient at granting a second passport and residency permit.
Cyprus is a full member of the European Union and here, English is widely spoken language.
Cyprus offer golden visa to attract foreigners for the investments, it introduced to issue visas and residency permits for investors from outside of the European Union.
Cyprus is an exciting country to study, live, work and to do business with best living standards in Europe. One that holds a Golden Visa can travel freely through the countries of the Schengen Area.
An real estate investment of €2,000,000(INR 16,21,34,000.00) is required to invest in cyprus.
Cyprus is unique as it offer the citizenship within 6 months of an investment.
It will provide a Cypriot passport and citizenship of an European Union country, allowing the freedom to travel, study, work and live anywhere within the EU. It also includes countries such as Germany, France and the UK.
The investment can be reduced down after 3 years to just €500,000 (INR 4,05,33,500.00).
In Golden Visa Program of Cyprus, Following requirements are need to be fulfilled:
Investor must not have entered or stayed in Cyprus illegally including the condition that investor must be a non-EU citizen.
He/she must be above 18 years of age.
There should be no criminal record against the investor from the last 5 years in Cyprus and in the countries in which he/she have resided.
FOR PERMANENT RESIDENCY:
Applicants can secure permanent residency in Cyprus through investment in real estate of just €300,000(INR 2,43,20,100.00). The residency visa is granted within 60 days.
It also, covers the whole family. It includes parents of both the main applicant and spouse also the dependent children up to the age of 25. It is valid for life and can be passed down to spouse and dependents.
The investment can also be made by a company for which the applicant and spouse are beneficial owners.
NOTE: The properties purchased by investor must be brand new.
BENEFITS OF CYPRUS GOLDEN VISA:
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