Looking for New Business Opportunities? Check out the Cyprus Citizenship by Investment Program

Elias Hubbard
February 17, 2020

CIP stands for Cyprus Investment Program, which allows obtaining a second passport and great business benefits from investing some money in the developed Cypriot economy. It is one of the top ten best programs exciting in the world today.

CIP stands for Cyprus Investment Program, which allows obtaining a second passport and great business benefits from investing some money in the developed Cypriot economy. It is one of the top ten best programs exciting in the world today. Those who are interested in finding out the most detailed info about this program can go here. In this article, you will find some helpful information regarding the perspectives of the CIP for businesses. 

 

Brief Info about Cyprus Citizenship by Investment Program 

The program was launched in 2013 by the Cypriot government in order to attract the attention of investors and boost economic growth. The last changes to the program took place in 2018 and 2019. Today, to become a citizen of this country, you only need to have a good reputation and enough money for investment. 

There are several investment options you can choose from, depending on your financial capacities and preferences. Usually, it takes about six months to obtain a second passport, which makes it a pretty quick procedure. It is possible to take members of your family with you, but this may cost you additional money. 

 

 How a Cyprus Passport Can Help You Do Business

Cyprus Citizenship by Investment program is particularly interesting for businessmen. Cyprus is one of the five best-ranked countries based on core business indicators. 

The most significant benefits for establishing a business in this country include the following:

·       Amazing business opportunities. You will be able to do business with any country-member of the EU much easier. Also, the location of the country significantly facilitates cooperation with Africa and Asia;

·       Stable political environment. It is one of the core factors considered by investors, and Cyprus is known for a favorable environment for doing business;

·       Fantastic taxation conditions. In fact, Cyrus has the most attractive taxation system in the EU.

The most popular investment industries that you can consider for conducting business in Cyprus are as follows:

·       Financial services and banking sector;

·       Import and export activities;

·       Tourism sector.

 

Why You Should Consider Cyprus Immigration 

You do not have to actually live in the country to obtain a Cypriot passport; however, this is one of the most popular reasons why people prefer to opt for the CIP program. The country is ranked fifth among the best countries for immigration. 

The following are some reasons why Cyprus immigration is so popular:

·       Favorable personal taxation system;

·       Visa-free traveling to more than 25 countries;

·       High standards of living.

 

How to Get a Cypriot Passport 

The following are the investment options available for you to get a Cyprus passport: 

·       Property (residential or commercial);

·       Securities of local companies;

·       A combination of options. 

If you wish to invest in residential property, it will cost you €2,000,000. You can also choose to invest in commercial property, which requires €2,000,000 plus €500,000 of investment in residential property. Investing in local companies’ securities and a combination of options will also cost you €2,000,000 plus €500,000 of investment in residential property. 

The country has a well-developed tourism industry, which means that investing in property is a pretty profitable business. This is how you can get a second passport and also earn good money. 

Investment in securities of the local companies is also a good choice as the country shows stable economic growth. You can consider investing your money in one of the most popular industries mentioned above or other sectors. 

If you prefer diversification to lower any possible risks, then you can consider investing in a combination of options available. For instance, some share of your money can go on the property, and the remaining money can be invested in securities.

 

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