Benefits of Cyprus Golden Visa
Dual citizenship is a common practice in the world of investors. In this way wealthy entrepreneurs receive many advantages. For this purpose, the government creates special programs for obtaining a second passport. The funds received through the program are used for the development of the country and infrastructure. But the offer is beneficial not only to the host state, but also to entrepreneurs. They receive several Greece golden visa benefits:
- - provision of tax benefits on income from legal sources;
- - access to the best health care and education system;
- - high speed of processing applications by foreign investors.
Citizenship status is beneficial for the two parties that make a deal. Cyprus Permanent Residence means seamless use of benefits and privileges for citizens of the Republic. If you're not sure if the program is really worth the effort, check out the full list of benefits.
Advantage № 1: Easy travel
Cyprus has signed agreements with the countries of the European Union and Schengen Area for the seamless movement of its citizens. Visiting any country that is a member of the listed international organizations, does not require the collection of documents for a visa as a Greece golden visa advantages.
However, there are some exceptions. The legal system of several countries allows people to move their borders visa free, but the visa will have to be issued upon arrival at the destination. Electronic travel authorization for other countries will also now not have to be requested.
Advantage № 2: Continued operations
The taxation system for foreign investors is simple. This is yet another Greece golden visa advantage. Residents from other countries are required to make contributions at a flat rate. The total amount of the tax depends on the amount of profit that was earned during the business activities.
There are several investment options for entrepreneurs who are interested in establishing new businesses in Cyprus:
- - the purchase of real estate with the subsequent possibility of renting;
- - the development of the tourism industry, including the organization and conduct of tours;
- - investment in the share capital in any of the companies.
According to the expert of the company Immigrant Invest Elena Ruda, return on investment is quite high. At the end of the stipulated period of ownership of the property (5 years) you can easily sell it and return part of the investment for the development of other activities.
Advantage № 3: Permanent residency
The country created comfortable conditions and protected rights for all citizens, including foreigners. Sound infrastructure, quality medical care, provision of health insurance and the opportunity to start (continue) studies at the best universities are available to applicants who have invested their money.
Processing the application for a second citizenship takes 2 months, at the end of which the passport holder will be able to verify the existence of the benefits of Greece residency and the proper quality of life.
Requirements for investors: how to apply
Any entrepreneur who is of legal age and knows how to get Cyprus Golden VIsa can participate in the investment program. There are a number of other requirements for the applicant, including:
- - The minimum level of income is 30 thousand euros outside the territory of Cyprus;
- - No open and closed criminal cases in the home country or abroad;
- - A visit to the territories every two years as proof of physical presence.
To receive a Golden Visa you must invest at least 200 thousand euros in real estate, share capital or direct the funds to the development of one of the commercial enterprises registered in Cyprus. In order to get Greece residence permit benefits you need to complete the procedure. Confirmation will allow two months to obtain dual citizenship.
