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The minimum investment was 2 million euros and citizenship was extended to the family of the investor as well. [3] In 2013, the required minimum investment for citizenship was lowered from 25 million in 2007 to 2,5 million. [4] Applicants did not need to physically stay in Cyprus or pass a langugage test to acquire citizenship. [4]
Turkey offers Turkish Citizenship by Investment (TCBI). Investors are required to purchase real estate worth at least US$400,000 and hold it for 3 years, or deposit US$500,000 in a bank, etc. in Turkey for a period of 3 years. Upon investing as above and submitting citizenship application duly, a Turkish passport is granted, typically within a ...
The following is a list of Cypriot billionaires, based on an annual assessment of wealth and assets published by Forbes every April. [2] The vast majority of Cypriot billionaires are not native Cypriots, but are foreign billionaires who acquired Cypriot citizenship (either through the now-defunct Cyprus Investment Program or otherwise) to take advantage of the country's tax laws.
There are a few investment opportunities, but if you're doing so through a real estate purchase, the minimum cost requirement varies by region: Buying a property in the north or northeast of the ...
The Cyprus Papers was a leak of government documents related to the Cyprus Investment Program (CIP) obtained by Al Jazeera and released in August 2020. [1] The CIP allows non-citizens to apply and obtain a Cypriot passport by investing at least 2 million Euros in Cyprus. The passports obtained through the CIP are nicknamed "Golden Passports".
In 2013, a citizenship by investment pathway was created to attract foreign investment into the country. [38] Through the Cyprus Investment Programme, a foreigner could acquire Cypriot citizenship after investing €2 million in real estate, infrastructure projects, local businesses, or domestic financial assets and maintaining that sum within ...
Renouncing U.S. citizenship can reduce the administrative burden for Americans living abroad—at a cost. (Diy13) In 2014, Fabien Lehagre was 29 when he received a letter from his bank that left ...
This time, the victim was Cyprus: a tiny Mediterranean island. Getty Images Just when we all thought it was safe to stop worrying about the eurozone, another country's banking system blew up and ...