A new global industry has been booming in recent years, as countries offer people the chance to acquire citizenship or residency.
Economic programmes are allowing foreigners to legitimately purchase citizenship or a residency permit in return for a substantial investment.
This trend is rapidly growing as a consequence of the current geopolitical climate in which people are looking for “political and economic safe havens”. There are also estate and tax planning considerations.
As a member of the European Union (EU) and its monetary system, Cyprus offers to foreign investors one of the most attractive citizenship and residency programmes worldwide with a FAST, EASY and LOW cost procedure.