Cyprus is a fast-growing country located at the intersection of Europe, Asia, and Africa. The country has managed to transform itself to a leading country in the region. A few years ago, the country started implementing a golden passport program. The goal is to help people from around the world to become citizens after making an investment. In this article, we will look at the main benefits of Cyprus passport by investment.
First, it helps you become a member of the European Union. EU is the second biggest economy in the world. It has a population of more than 500 million people. These are wealthy people from 28 countries. After you get the passport, you can do business and travel to any of these countries without security checks. This is a great market for any type of business.
Second, the Cyprus passport by investment allows you and your family to move in and live in the country with your family. If you are from a country that is unstable, you can have an opportunity to live in one of the safest countries in the world. You can live in this country without having to give up the citizenship of your original country.
Third, Cyprus is a well-known tax haven. In fact, companies there pay the smallest amount of corporate tax. The tax rate is about 12%. This is below the EU average of 20%. Therefore, if you run a business, you can be sure that you will save a lot of money in taxes. This is the main reason why you will find many companies registered in the country.
Fourth, Cyprus is good place for retirees. You have worked hard for many years and accumulated some money. As such, you want to live in a country that is affordable and of the best quality. Cyprus is one of those countries. It has great beaches, affordable products, and it is also one of the safest countries in the world. Many studies have shown that Cyprus is one of the best places for retirees. All these make Cyprus passport by investment a great product.