Thinking of a career change? Feeling bored of your current working environment? Then look no further.
Before you think about citizenship, why would you choose Cyprus in the first place?
It turns out to be a pretty perfect location for both property investment and experience.
It is an area with great history, with multiculturalism at its heart but more importantly it provides great opportunities for business growth and development.
The tax system is stable which may help secure your investments.
The area itself is an attractive location, typically for investors and tourists. It has a range of different properties, including residential and commercial.
So, this makes your decision to pursue an investment citizenship much more convincing.
I will discuss this in more detail but overall you won’t be limited to few options when investing.
What do I need to know?
Before you jump on that plane, you have to think very carefully about your investment strategy.
Before you come up with your plan, talk to experience professionals. When securing a deal, trust is one of the most important assets that you will have.
The experienced professional needs to understand your needs and know how they can give you a plan that is secure and tailored to you.
Luckily, Cyprus has seen 10 years of investment experience, so it’s not a bad place to start from.
After discussing with a professional, you may be recommended an investment plan. However, it’s important to know all of your options.
These options include:
- residential property,
- commercial property,
- participation in Cyprus businesses,
- financial assets of Cyprus companies
- Government bonds
- investment in commercial property.
Wow, what a list.
After considering your options, what kind are you? If you are more interested in the business side of things then options 3 and 4 may work wonders.
With option 4, you have to understand the company’s financing objective and make sure your investment is in the right tune.
If you come from a real estate background, then options 1,2 and 6 may be your best options. Be sure to do your research. Some of these properties will still be under development.
This is where location will be really important when investing.
It’s important to note that you shouldnt be limited to fixed options, your skills and interests can still be applied to all of these, but it does take careful consideration.
As typically the required amount of investment is not cheap. Other than the pricing side of things, you will need to check each of the investment requirements. This should be available on their website.
However, it has been said that the most financially efficient investment property is the residential option.
You have to think in the long run, once you invest in any of these properties, your investment is kept for a minimum of 5 years.
What are the other benefits of investing?
The citizenship will not only grant you access to Cyprus but to 157 countries worldwide, that’s a lot of countries, which means there will be more chances of rich experience.
If you are a parent who has recently invested, then your children can also become citizens.
However, the best part is that you don’t have to take any formal exam to become a citizen, the barriers of entry is only the investment process.
So, you can forget your revision notes and forget learning Greek and its critical history on its culture, what a relief.
Final recommendation
There are a few final points to reiterate.
- Understand what you are looking for and talk to a professional
- Once you have your plan, do your research
- Make sure you have enough savings
- Most importantly, make a decision for the long run.
You’re good to go.