Cyprus has been functioning one of the very most desirable citizenship-by-investment plans in the world since 2013. Which could soon be approaching to a finish.
Often called a “golden passport” program, the scheme grants foreign investors who spend €2 million ($2.34 million) a passport from the tiny Mediterranean island country. It requires 3 months. The passport allows shareholders to live a life and work in virtually any EU country, do business in a country with the reduced corporate duty rate of 12.5%, and enjoy more than 300 times of sunshine yearly.
Two million Euro is a high price, even for most rich people. The primary feature of the program is its velocity. “There’s no other country that offers EU passport in that quick turnaround time,”, the handling director of the investment immigration consultancy organization Step Global. Other “fantastic passport” programs round the world take longer.
Running a second passport includes a great deal of benefits and although the procedure of acquiring the passport might become lengthy and tiring, it is really worth it, considering the advantages you will acquire.
Thanks to one of the better legislations organizations in Cyprus, Evagoras Anastasiou and Associates LLC, finding a passport by investment may become a easier process. Before you take the big step and opt to invest into a country with regard to gaining a passport, consider all the actual benefits which come additionally investment.
To start with, owning a second Cyprus passport by investment will enable you to travel around Europe with out a visa, which is vital for businessmen and entrepreneurs who often visit locations highly relevant to their businesses. Besides visa-free travel, other benefits include lower taxes rates, meaning your overall expenses will be significantly decreased, as well as a increased reach and an possibility to find clients for your business. Alternatively, another passport will help you avoid financial or cultural instability in your country, as well as start various business and investment opportunities that are not designed for foreigners in a certain area.