Benefits of Getting a Citizenship by Investment

The concept of dual citizenship has been on the rise in the past few years. With globalization on the rise, people are having ambitions of becoming international citizens. One region that has always been a magnet for international citizens has been the European Union. The EU is known for its high quality of life and the strong industrial base. In this article, we will look at the concept of citizenship by investment and why you should consider it.

What is citizenship by investment?

There are various ways in which you can become a citizen of another country. You can apply for an asylum if you are facing persecution in your home country. You can apply for citizenship from the government. However, many governments are not open for the idea of granting citizenship to people. This is simply because they have their own population to worry about. To solve this problem, a number of countries have embarked on a program that allows people to ‘buy’ citizenship. This is a process through which people get citizenship by investing in the country. In this case, both sides benefits. The person gets his citizenship and the government gets its investments.

Cyprus passport by investments

Cyprus is one of those country that has started offering the passport. The country does this because it does not have vast natural resources. Therefore, by welcoming international citizens, the country is able to get the funds it needs to develop. Over the years, the country has received more than $4.4 billion using these programs. This is a lot of money especially for a country whose population is less than 1 million people.

The benefits of the citizenship by investment in Cyprus is the access to the European Union. Another advantage is that your family too will become citizens of Cyprus without losing citizens of your home country. Also, as a citizen, you get to do business in one of the best-rated countries for doing business in the world. You also get to live in a historic location that has some of the best beaches in the world. 

Why You Need a Lawyer for Cyprus Company Formation

Incorporating a company in Cyprus is one of the best decisions you can make. This is partly the reason why many companies are rushing to the small country in the Mediterannean. This is because of several reasons. Most importantly, the country is a well-known tax haven, which ensures that companies are able to keep most of their earnings. Also, the country is a member of the European Union, which is one of the largest market in the world. Further, the country is strategically located near to Europe, Africa, and Asia. It has great harbours and world class airports. This means that your company can access these markets. Therefore, there are several reasons why you need to have a lawyer during Cyprus Company Formation.

To Write and Help You Sign Documents

There are several reasons why you need a lawyer in Cyprus company formation. For example, you need a document like memorandum of association. To get such a document, you need to have a lawyer who understands the law of Cyprus to do it. Other documents that you need to be verified by a lawyer are your identity card, transport documents, and the company office.

To Help You With Immigration

If you are a foreign investor, it is important to ensure that your travel documents are signed well. Also, if you want to be a permanent resident or a citizen of Cyprus, the lawyer will help you with Cyprus passport by investment. This is a process whereby you are able to become a citizen by making a large investment. This investment is usually about $2 million. If you are lucky to have the investment, you will become a citizen and be able to travel and do business in all EU countries.

Patent Registration

If you have a patent or any other trade secret, you need to ensure that it is recognized by the country. This will prevent copycats. As such, it is important that you use a lawyer to register your patent. The lawyer will also help to defend the patent if other companies infringe on the patent.

Benefits of Getting a Cyprus Passport by Investment

The European Union is the second-biggest economy in the world after the United States. The country has a GDP of more than $17 trillion and more than 500 million people. The region is know for its people, who are increasingly wealthy. While the region has a lot of regulations, it is a good place for companies to set their base. If you are an international citizen and want to live and do business in the region, we recommend that you use the concept of Cyprus passport by investment. 

What is Cyprus Passport by Investment?

This is a service offered by the Cyprus government. The passport allows any person who has the resources to get a Cypriot passport. With this passport, the people are able do business and live in any European country. The government decided to use this strategy to help it increase the resources that it uses to fund projects. This is partly because Cyprus is not know for its vast natural resources.

Over the years, thousands of people have rushed to acquire the passport. Most of the people applying for the Cyprus passport by investment are from Russia and other Asian countries. In total, the Cypriot government has received billions of dollars in investments from these countries. 

How to Get the Cyprus passport by investment

To get the Cyprus passport by investment, you just need to meet the requirements. First, you need to be from a country that is required. For example, people from countries like North Korea are not eligible for the passport. Second, you need to have at least $2 million. You will use these funds to invest in Cyprus. Third, you must have no criminal record. For this reason, the law firm that you use should investigate your source of wealth. Fourth, you need to ensure that you have been living in the country for some time.

There are several benefits for getting the Cyprus passport by investment. For example, you can do business in Cyprus and in the EU. Your family members too can access this lucrative market. They can also attend schools from the region.