Being ranked among the 'top ten in the world' by global immigration experts, the Cyprus Investment Programme is a highly sought after route. Besides an attractive tax regime, the Cyprus Investment Programme offers enhanced mobility rights to over 171 countries. The Programme does not require the applicant to reside in Cyprus, and the process lasts 6 months.
The Cyprus Programme Requirements
The investment requirement for the Cyprus Investment Programme can be as low as ?1.5 million in real estate or ?2 million in other investment options, the investment options are varied, and include; investment in real estate, land development and infrastructure projects, investment in financial assets of Cypriot companies or Cypriot organization, as well as investment in Cyprus Alternative Investment Funds or financial assets of Cypriot companies licensed by the Cyprus Securities and Exchange Commission - which investment may take the form of bonds, bills or securities. Applicants may also opt for a combination of the mentioned options.
Besides the financial investment, an applicant must also purchase real estate amounting to ?500,000. Should the applicant own such property in Cyprus prior to applying for the Cyprus Programme, then this residence may be used to satisfy the residence requirement of the Programme. Other conditions include a clean criminal record and age qualifications.
Investors acquiring a second passport usually have their children in mind when taking such a step - and in this respect, the Cyprus Investment Programme is considered to be a solid investment - all its benefits being transferable to children, as well as future generations.
The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.