
Cyprus and Malta are the top European competitors with regard to Citizenship by Investment (CBI) programs.
The Cyprus investment program is designed to provide citizenship and passport to High Net Worth Individuals. It requires a large investment in the real estate sector in order for the investor to obtain the EU country’s passport.
Cyprus and Malta are the top European competitors with regard to Citizenship by Investment (CBI) programs.
Cyprus is one of the countries in Europe that have the Citizen by Investment (CBI) program.
The ability to obtain more than one citizenship is growing in popularity as more and more appealing citizenship by investment programs are created.
For the select few who can obtain it, a second passport can take a person’s life to the next level, opening doors to many areas in life. Among the many sought after passports, a European passport stands out among the rest due to the abundance of long-lasting benefits and the strength an EU passport can provide.
An EU passport provides many benefits including travel, education, safety, business, and healthcare to name a few. For either personal or business reasons some people need to acquire an EU passport.
Over recent years there continues to be an increase in dual citizenship, this is due to high net worth individuals recognising the many benefits of obtaining two passports and setting a new trend of dual citizenship.
Now a popular privilege in life, those who can afford it often acquire a second passport and citizenship in another country either for business, personal reasons or both.
The opportunities that international property investments bring are endless. From dual citizenship's, healthcare and education to tax incentives it is no wonder why so many high net worth individuals invest internationally. However, with so many options of investment, many people ask where should I invest? For those that do invest, it is important to keep the following in mind while on the journey of international property investment: Research the culture and way of life of the country you invest in, Gauge the tax impact, Invest with a team, Allow for unexpected costs.
The Cyprus Citizenship Program currently one of the most reputable schemes, and has set stricter criteria and will become even more beneficial to individuals that invest in it.
In recent years Cyprus has flourished with a strong economy, growing business sector and developing real estate sector. This was not always the case in Cyprus, as in 2011 the island suffered from a financial downturn, despite this, Cyprus has gone from strength to strength at a much quicker rate than experts predicted.