The Cyprus investment program is largely for investors, entrepreneurs and small businessmen in the country and beyond who come together and invest in the country for their benefits. Lately, the country has risen to many heights and has become the fifth-best relocation location in the world as suggested by the Knight Frank World Wealth Report.
It is one of the best countries for immigrants and especially for investment-based immigration. The rise of investment opportunities has also raised the question of how to invest in the country and what are how you can benefit from it. To learn more, click here to find out how to invest in Cyprus.
There are various programs through which you can be a part of the Cyprus investment program or CIP. You can use the means of real estate to invest about 2 million euros by buying a residential property and then holding it for an indefinite period until you can earn sufficient benefits from it.
The investment must be retained for a minimum period of 5 years. It also involves a donation of a hundred and fifty hundred euros, bifurcated as seventy-five thousand euros to the Cyprus land development corporation and the rest to the Research and innovation foundation unless you’re doing so to the certified innovative enterprise.
Similarly, you can also invest- through real estate or other options of investment- of 2.5 million euros and making a consequent donation of a hundred and fifty hundred euros. The basic necessity of this investment is that your criminal record must be clean.
They shouldn’t have a property frozen by the European government or be rejected a visa by a European government in the past. In addition to this, he should have a valid Schengen visa while applying for a CIP. Also, the applicant is required to be above 18 years of age. There are certain basic rules and regulations for a person to be eligible to file for the investment program.
It is a very lucrative program because of the ease in the paperwork and that there is no conduction of a medical test. It is not required for the applicant to live in the island before the investment but has to live there for at least 6 months. It is easy since it only takes a matter of 6 months for the entire thing to process and be actualized.