Cyprus is one of the best countries in the world. So many things make this country to stand out from any other country in Europe. Aside from being at intersection of three continents, Cyprus also gives unique opportunity for investment. The country was formerly a British Colony and gained independence in 1960. The country has also become a notable tourist spot for several years, making it one of the best places to settle down and also have fun while you are here. Its status as a tourist spot has made the country very popular over the years and one of the most popular countries in the entire Europe. You can even become a citizen of the country by obtaining the eb3 visa. Everyone can benefit from it provided the individual is ready to comply with laid down criteria. How can you become a permanent citizen of Cyprus? Continue reading to learn about how you can benefit from this unique opportunity.
The Cyprus citizenship program is one of the many ways to get into Cyprus as a citizen. The program is open to anyone ready to invest up to 2,500,000 EUR in the Cyprus economy for a minimum of five years. The individual should also be ready to invest up to 75,000 EUR to the Cyprus Land Development Corporation. It may also interest you to know that even your kids and wife can have the same citizenship benefit like you in Cyprus. However, your children must not be older than 28 years of age before they can enjoy this citizenship opportunity. Even your grandchildren are not left out of the opportunity. A Cyprus citizenship will undoubtedly boost your public image a great deal.
Cyprus permanent residence program
One other method to gain entrance into Cyprus as a paramagnet resident and get the eb3 visa is via the Cyprus permanent residence program. For you to participate in this program, you are expected to buy one or two new real estate properties in the country and the total cost of the real estate investment must amount to a minimum of300,000 euro excluding VAT.
Furthermore, you are required to have a steady and secure annual income regularly transferred from your home country or any other country to any of the banks operating in Cyprus. The said income is expected to come from a source different from any job you may have in Cyprus. The above criteria will make the process of obtaining the eb3 visa very easy and straightforward.
The funds that you transfer from an oversea income source into any bank in Cyprus must be saved in a fixed bank account for a minimum of three years. Once you are ready to meet up with the criteria described above, then the rest is easy. The entire processing period for the Cyprus Permanent Residence application and the issuance of the eb3 visa will come within 2 to 3 months after you begin the application process. The earlier you participate in the program the better so that you too can become a permanent resident of Cyprus.