Search results
Results from the WOW.Com Content Network
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]
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 ...
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 in Turkey for a period of 3 years. Upon investing as above and submitting citizenship application duly, a Turkish passport is granted typically within 6 months.
The country of Vanuatu first started their citizenship by investment program in 2021, ... Cyprus. Cyprus is a small Mediterranean island east of Greece with low cost of living, no inheritance tax ...
Before Cyprus closed their economic citizenship program, it was possible to obtain citizenship in as little as 90 days. To qualify for citizenship in Canada, an applicant has to be physically present for an aggregate of three years in a five-year period. [7] The level of investment required also varies between countries and programs.
Non-resident investors who held deposits prior to 15 March 2013 when the plan to impose losses on savers was first formulated, and who lost at least €3,000,000, would be eligible to apply for Cypriot citizenship. Cyprus's existing "citizenship by investment" program would be revised to reduce the required amount from €10,000,000 to € ...
Commonwealth citizenship is acquired by virtue of being a citizen of a Commonwealth member state [17] or, in the United Kingdom, a country listed in Schedule 3 of the British Nationality Act 1981. This list closely follows the composition of the organisation, but is not always the same. [ 18 ]
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.