Cyprus is a beautiful island country located in the Mediterranean. With its pleasant climate and excellent living conditions, Cyprus is often recognized as one of the most livable countries in the world. As Cyprus is a European Union member state, its passport holders are entitled to the same benefits and rights enjoyed by citizens from other EU states. For instance, they enjoy visa-free entry to more than 100 countries, including the Eurozone, New Zealand, Canada and many other countries around the globe. and can live, travel, work and study freely. Within the European Union, holding a Cypriot passport additionally allows for work and study privileges.
If you are interested in investment immigration programs, you may want to consider Cyprus and its Golden Visa Immigration Program. The program is very popular as applicants are only required to invest a minimum of 2 million Euros in real estate to be granted the chance to obtain citizenship in Cyprus. Additionally, the applicant’s immediate family can also obtain citizenship once the Golden Visa application is successful.
The Cyprus Golden Visa Immigration Program does not have any specific education or business experience requirements; it also allows applicants to hold dual nationality, providing a convenient and efficient option for those who want to immigrate to Cyprus, but still retain their native passport.
To apply for the Golden Visa, applicants are required to invest a minimum of 2 million Euro in real estate in the country and to hold the relevant investments for at least 3 years. If the property is sold after 3 years, the applicant is required to maintain a minimum worth of 500,000 Euro in real estate in Cyprus to be able to retain the citizenship and passport.
The applicant must be 18 years old or older and has to provide a copy of his/her passport, birth certificate, marriage certificate (if applicable) and proof of no criminal record for the application.
If the Golden Visa application is successful and the applicant is granted citizenship in Cyprus, his/her immediate family, including spouse, parents and any children who are 27 years old or younger, can also apply for Cypriot citizenship and passport. Conveniently, the Cyprus Golden Visa program does not require applicants to reside in the country, as long as they can fulfil the other application requirements.
If you are interested in Cyprus immigration and are considering to apply for the Golden Visa Immigration Program, you can first visit Cyprus and learn more about the investment projects that are recognized and approved by the local government. Once you have selected an investment project, applicants are required to sign a purchase agreement contract and transfer the funds to Cyprus. Afterwards, you can start preparing to submit the required documents for the immigration program. Once your application is verified and approved by the authority, you can submit the application for your immediate family and assist them in obtaining citizenship in Cyprus.
Our team of professional immigration consultants at Simard & Associates have extensive experience in immigration consulting and immigration law; we have helped thousands of clients succeed in immigrating to their desired destination and starting a new chapter in life. If you are interested in the Cyprus Golden Visa Immigration Program or have questions about any immigration programs in Canada, USA, or the other countries, do not hesitate to get in touch with our immigration consultants.