Cyprus Citizenship by Investment Program 2020 | SmartMove Immigration

1. Cyprus Citizenship by Investment Program 2020 | SmartMove Immigration The best part about Cyprus Citizenship is that it enjoys visa-free travel to allof Europe, it is not actually a part of Europe’s borderless Schengen Area. You can obtain Cyprus citizenship with an investment of €2 million in real estate, government bonds, a bank deposit in a Cyprus bank, or investment in a new company. Cyprus citizenship was always costlier than other options – at one point costing well into the eightfigures – but unlike most other programs, you can invest rather than donate, making it agreat business come immigration strategy. If return of capital is important for you, Cyprus may be the most attractive citizenship by Investment Option for you. There is a slight added requirement step, though: you must own a €500,000 home in Cyprus. And this house must be owned by you indefinitely. This requirement is likely a response to government demands for investors to maintain a “real presence” in the country rather than simply ‘buying’ a Cypriot passport. On a positive investment note, as of late, several Cypriot cities have become hot destinations for developments in trade, finance and other industried. Limassol, affectively referred to as the “Moscow” of the Mediterranean”, showcases more skyscrapers than almost any other European seaside city as a result of passportinvestment. Additional information to consider about Cyprus Investment byCitizenship: Your home purchases are subject to VAT (Value Added Tax), meaning you will end up paying “sunk costs” even though your qualification is technically an investment. Whether you can recoup that 5% to 19% later will be determined by the market. But the good news is, the market ispromising. Smart Move ImmigrationVerdict:

2. Cyprus offers EU citizenship, but isn’t part of Schengen. If you were planning to start a low-tax company or buy a luxury sea-side villa, the Cyprus Investment by Citizenship is your thing. And if investment in Cypriot Citizenship is yourchosen course of action, then we’re the guys you can count on. Smart Move Immigration is a legal firm with extensive expertise on every legal aspect of InvestmentImmigration, which include Citizenships byInvestment. Fill in the form below and our associates will be happy to set up an appointment for you to get started working with us. If you have any questions and queries on Citizenships by Investment, Investor Visas or Legal Immigration advice of any type, shoot us an email at email us atinfo@smartmove2uk.com