CYPRUS’ GOLDEN VISA PROGRAM RAISES 4 BILLION EURO Sun, 4 Jun 2017
CYPRUS’ GOLDEN Visa Program that gives foreigners residency permit or citizenship in exchange of investment in real estate has fetched €4 billion in revenue to Cyprus in the past one year.
According to Cyprus Finance Minister Harris Georgiades, more than 2,000 Cypriot passports have been obtained by foreign nationals from non-European countries though this program, making it one of the most successful citizenship programs within the European Union and the world.
There are many reasons that make the Cypriot Citizenship very attractive that include but are not limited to: 1) whilst other destinations are making it harder and more demanding to obtain citizenship through an economic investment Cyprus has made its citizenship program more streamlined and simplified, and 2) obtaining a Cypriot Citizenship results into an EU citizenship, opening the doors to a first class life style and a secure future for a non-EU citizens whole family, and 3) in most cases the whole process is completed within 60-70-days making it the fastest Citizenship program in the world.
Based on the revised Cypriot regulations an individual investor can either invest in residential real estate properties €1.5 million and/or commercial real estate property €2 million. Additionally, to the above, the investor will have to acquire a Permanent Privately- owned Residential Property in the Republic of Cyprus, which must be of a minimum value of €500,000 + vat.
Investments in real estate it can generates excellent returns. The real estate Investment component can be sold after 3 years should the investor wishes to, without losing his new citizenship, with the exception of the Permanent Privately owned/Residential Property which needs to be maintained as is, or replaced with a different residence of equal or higher purchase value.
A&R Cyprus-Greece Fine Properties and several of its affiliates including but not limited to Pythagorean Capital specialize in helping overseas investors obtain their EU Citizenship through a real estate investment in prime residential and commercial real estate properties in Cyprus. With our local construction as well as real estate investment and management teams, we are positioned to help non-EU citizens obtain their European Citizenship or Residency through income producing real estate investments in either Cyprus or Greece.
We look forward in working with individuals or firms that are in the field of real estate, finance, marketing, immigration and education industries. We work with Asset Managers, Investment Managers and Private Equity Real Estate Firms with third party Marketing or referral Agreements. Send us an email with your contact info and we will try our best to get back to you as soon as possible.
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Cyprus property prices point to an accelerating growth, according to the THIRTIETH edition of the RICS (Cyprus) Property Price Index.
Sun, 3 Sep 2017