Global residency and citizenship, are an increasingly important aspect of the private and professional life of this new trend of global citizens.
Diversification of both business and personal affairs through multiple residences or citizenships can deliver an increased quality of life, mobility, security, educational options, and improved tax and estate planning capabilities.
For individuals, having the flexibility of choosing where to live, providing a better quality of life for their families, access to better education, and a safe haven in times of political instability is one of the main reasons to consider this type of solutions.
The typical investor profile, looking for suitable solutions on Residence Permits and Citizenship, are wealthy individuals who are expats, or business owners, currently living in the Middle East, Asia or Africa.
These investors are able to secure the future of their next generations normally through a Real Estate Investment in countries that provide them with this Golden Cards or even Passports.
Not rarely, we have investors that spent all their life in a country working hard and making investments, and when they reach their retirement age they are requested to pack their bags and Leave!
Cyprus has long established itself as one of the most attractive funds jurisdictions due to its excellent infrastructure, favourable tax regime and stable and well-regulated business environment.
It is, therefore, one of the most competitive access points into the European markets and a primary relocation destination for high net worth individuals.
The predominant Investment option is the individual investment in the residential real estate, where the applicant must have made an investment of at least 2 million for the purchase or construction of buildings or the construction of other development projects (residential or commercial developments, developments in the tourism sector or other infrastructure projects).
The procedure is simple, straightforward and time efficient, while it provides full protection of the investment.
Source: Albawa Business