The Cyprus investment immigration program has helped a small island country facing ruin switch to a healthy economy with a thriving real estate market in five years.<\/p>\n
During 2013, Cyprus was hit hard as its banks lost \u20ac4.5 billion in value and were forced to suspend withdrawals. Fast-forward half a decade and the story is very different, helped by the foreign investment drawn through the Cyprus citizenship and residency programs.<\/p>\n
With 340 days of sunshine a year, pristine beaches, skiing in the mountains, a rich history, delicious cuisine and a stable legal system, there are some obvious advantages of a second home in Cyprus. Add it the access to the European Union, and a picture of the popularity of the Cyprus program begins to emerge.<\/p>\n
The investment immigration program introduced by Cyprus originally offered direct citizenship to applicants investing at least \u20ac2.5 million. This was later reduced to \u20ac2 million. The country also introduced a permanent residence-by-investment program<\/a>, although its citizenship-by-investment program<\/a> is more popular.<\/p>\n For an ambitious business person or an astute investor, assured access to developed markets like the USA and Canada, Australia, the UK, and the European continent can prove to be a significant competitive advantage.\u00a0<\/span><\/p>\n By virtue of its EU membership, the Cypriot passport offers visa-free access to virtually all European countries along with most other developed nations.<\/p>\n Another significant advantage is the attractive tax environment in the country. This makes Cyprus a top destination for wealthy residents of Russia, the Middle East, China and India.<\/p>\nWhat Are the Benefits of Cypriot Citizenship?<\/h3>\n
\nWhat Are Cyprus Citizenship Investment Requirements?<\/h3>\n