In the past few years, thousands of people have moved to Cyprus. These people have established their businesses in the country and even moved their families there. Part of the reason for this is the citizenship by investment opportunity that is offered by the Cypriot government. In this article, we will look at citizenship by investment and why you need to consider it.
What is citizenship by investment?
This is an opportunity offered by international residents that helps them move and live in the country. To do this, Cyprus requires that they invest at least $2 million in the country. They are also required to pay some money to fund research. After making this investment, you can become a citizen. Your family members too can become citizens as well. You become a citizen while not losing your original citizenship.
How to Get the citizenship by investment
You first need to live in the country for a while. This will help you know whether it is a good place to live after all. We recommend that you use the traditional visas to stay in the country. This will also help you create new friends in the country.
If you believe that Cyprus is the place for you, I recommend that you get a lawyer who will help you to get started. The law states that you must use a lawyer who belongs to the Cyprus Bar Association to help you. The lawyer will conduct a background check for you. This will tell the Cyprus government about your sources of funds and what you do in life.
Third, the lawyer will go to the immigration services and start the application. You too will be needed to submit your fingerprints. As you do this, we recommend that you take time to find a good investment opportunity. This can be a real estate or any other investment. You should use a real estate agent or a professional who has a good understanding of the Cyprus market. Finally, you should complete your application and move to the country. It will take about 6 months to have an application approved.