Eligible Investments for Cypriot Citizenship — Real Estate
Investors can’t deny Cyprus is one of the best places to invest. The recent discovery of large oil and natural gas will transform the nation over the next decade.
Since the end of the global recession, Cypriot properties are extremely low priced and makes this the ideal opportunity for investors to buy exceptional properties at post recession prices.
Foreign investors are finding this the ideal time to invest in Cyprus. The island nation allows 100-percent foreign ownership in many cases as many restrictions on foreign direct investment have been eliminated.
Applicants are required to provide for an investment of at least 2 million EUR in the purchase of construction of buildings, development projects (residential or commercial) or infrastructure projects.
Eligible investments include: Real Estate, Land Development and Infrastructure
The purchase of residential property for the use of the primary applicant can be included in the EUR 2 million investment requirement provided the property is at least EUR 500,000 plus VAT. Amendments to the law in September 2016 permit the primary applicants’ parents to be included in the same application provided an additional investment in real estate is provided.
If the primary application proceeds with the real estate option for investing, primary residential property may be included in the EUR 2 million investment requirement.
Bukh and Associates can also provide assistance in finding long-term residential property. Be sure to stay clear of unlicensed agents in Cyprus. These businesses don’t offer legal protection for rental tenants or potential property purchases.
Luxury Real Estate
High net worth persons are looking to Cyprus as the destination of choice for immigration. Centrally located and an exceptional hub for business, Cyprus residents, enjoy flexible travel and the liberty to reside, work and study in any of the EU member nations.
Cyprus, the third largest island in the Mediterranean, is just west of Lebanon and is the ideal business location for investors. Located centrally, access to Europe, Asia, and Africa is simple, making Cyprus an ideal spot for any import or export requirements.
Cyprus’ appealing luxury real estate market has over 20 luxurious developments and investment opportunities where foreign nationals may invest. Cyprus boasts a well-educated and multilingual workforce.
Citizenship in Cyprus is a fast track process. With the purchase of your luxury home, valued at 2 million Euros, you have citizenship within 90 days. Bukh Global Associates boasts a wealth of international expertise and demonstrated success rate.