{"id":17254,"date":"2017-10-11T23:48:24","date_gmt":"2017-10-12T03:48:24","guid":{"rendered":"http:\/\/www.escapeartist.com\/?p=17254"},"modified":"2020-08-01T12:13:16","modified_gmt":"2020-08-01T16:13:16","slug":"investing-abroad-cyprus","status":"publish","type":"post","link":"https:\/\/www.escapeartist.com\/blog\/investing-abroad-cyprus\/","title":{"rendered":"Investing Abroad in Cyprus"},"content":{"rendered":"

Investing Abroad in Cyprus.<\/strong><\/h2>\n

If you are a high net worth foreign investor looking to diversify your portfolio overseas, while also receiving some incredibly beneficial residency perks, Cyprus may be the answer you\u2019re looking for. \u00a0The tiny Mediterranean island has implemented programs that allow for one of the most affordable and quickest paths to permanent residency, a second passport, and EU citizenship.<\/span><\/p>\n

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Permanent Residency by Investment<\/b><\/h2>\n

This form of \u201cGolden Visa\u201d allows for foreigners to invest abroad in Cyprus and receive permanent residency for themselves and their family. <\/span><\/p>\n

In order to qualify, a \u20ac300,000 investment must be made into a new property (or a maximum of two properties equaling \u20ac300,000) in Cyprus. The investment can be purchased through a company, so long as the beneficial owners of the company are the applicant, or the applicant and their spouse. What\u2019s so remarkable about this residency through investment abroad in Cyprus is that the permanent residence status is granted in two months and covers the applicant\u2019s family. This means the parents of the applicant, the parents of the applicant\u2019s spouse, and any child dependents up to 25 years of age will also receive permanent residency abroad in Cyprus. <\/span><\/p>\n

The only requirement to maintain this permanent residency through investment is to keep your property (or invest \u20ac300,000 into a new property if you plan to sell the original) and make sure that all family members taking advantage of the permit visit Cyprus at least once every two years. Of all the \u201cGolden Visa\u201d residency through investment abroad options in Europe, Cyprus\u2019 can\u2019t be beaten for ease of maintaining and quickness of receiving residency. <\/span><\/p>\n

After three years of this permanent residency, foreign investors in Cyprus can attain <\/span>citizenship through naturalization <\/span><\/i>for an investment of only \u20ac500,000, instead of the \u20ac2 million minimum for immediate citizenship.<\/span><\/p>\n

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Citizenship by Investment in Cyprus<\/b><\/h2>\n

For high net worth individuals who don\u2019t want to wait the three years of investment residency for a second passport in Cyprus, citizenship can be purchased immediately for a \u20ac2 million purchase of real estate property in the country. This number was reduced from \u20ac2.5 million in 2016.<\/span><\/p>\n

This form of immediate citizenship through investment gives foreign investors in Cyprus an instant second passport with the right to vote within the country and the ability to freely live, work, study, and travel in all 28 EU member states. Parents of the applicant can be added to the citizenship program for an additional \u20ac500,000 (plus VAT), invested in a private residence in Cyprus.<\/span><\/p>\n

Known by the name \u201cGolden Visa\u201d to categorize this process with other citizenship through investment options around the world, applicants must fall under one of four main variants in order to achieve this <\/span>citizenship through naturalization by exception<\/span><\/i>:<\/span><\/p>\n