Cyprus has become an even more attractive business base for non-European entrepreneurs and investors, who are now eligible for Cypriot citizenship in light of the recently revised Cypriot Citizenship Scheme. The revised scheme will further boost the island’s economy, with foreign investments set to continue to rise. Notably, the scheme offers a fast track procedure, with the same rights given to the investor as any European Citizen.
Important changes and benefits:
- Abolition of collective investment of €12 million, now replaced by an individual investment of €2 million and the purchase of a residence worth at least €500,000.
- Investments only need to be kept for three years. At least five Cypriot nationals must be employed in the company where the investment is being made
- Maximum bond amount set at €0.5 million.
- The citizenship program also applies to the immediate family of the investor, while parents of the investor are also allowed to apply for citizenship.
- Cyprus citizenship allows for travel to 160 countries without a VISA.
- Very attractive tax regime.
- Free movement of capital, services and goods.
- No requirement to physically reside in Cyprus.
Buy Home has more than 20 years experience in property and investment. Our team of highly experienced agents are here to help you throughout the whole investment process. Contact us today for more information on how to get your EU Citizenship.