What Requirements You Need to Fulfill to Acquire Citizenship by Investment in Cyprus
Cyprus is a country which is a part of the European Union and therefore is one of the major countries that has been receiving applications to get citizenships. This is mainly because the passport of Cyrus is one of the most powerful passports in the world. The reason for this is that the Cyprus passport entitles the holder to visa free accesses to over 159 countries. It will also give the person the privilege to enter any of the European countries. So the application for citizenship in Cyprus is very strict and thorough.
The easiest method to apply for citizenship in Cyprus is the method where the applicant invests in the economy of Cyprus. This is the easiest and fast track processes that will get you the citizenship in Cyprus. However, there are a few basic requirements that the applicant must fulfill in order to get the citizenship in Cyprus. The initial and basic is that the applicant should have a clean criminal record and this point will be checked thoroughly by the government of Cyprus. In the investment option the applicant should invest in a business which is basically 2 million euros. This is one of the most important criteria in order to get the citizenship.
There are many investment option that the applicant can apply for within Cyprus. There are investment options that will require the presence of a physical business in Cyprus or you can apply thorough a property that is worth more than 500,000 euros. The most common investment option available in Cyprus is real estate, land development and infrastructure projects. This is because there are many ongoing projects in the country for infrastructure development and it is one of the main areas that needs funding. Then there is the option of investment in alternative investment funds (AIFs), financial assets or organization license in Cyprus. It is also possible to take part in Cyprus businesses or companies that are popular for buying and selling where you are able to take part in an existing business, create a new one or purchase and existing business that is in Cyprus. It is also possible for you to invest in a combination of businesses in Cyprus which will create a total of 2 million euros in order to apply for the citizenship of the country. These are the basic criteria that the applicant needs to fulfil in order to apply for Cyprus citizenship by investment.