Owning a second passport comes with a great deal of benefits and, even though the process of obtaining the passport might become lengthy and tiring, it is well worth it, considering the advantages you will receive. Thanks to one of the best law firms in Cyprus, Evagoras Anastasiou and Associates LLC, obtaining a passport by investment can become a much simpler process. Before you take the big step and decide to invest into a country for the sake of gaining a passport, consider all the potential benefits that come along with this investment.
First and foremost, owning a second passport will enable you to travel around European countries without a visa, which is very important for businessmen and entrepreneurs who often visit locations relevant to their businesses. Besides visa-free travel, other benefits include lower tax rates, meaning your overall expenses will be significantly lowered, as well as a greater reach and an opportunity to find new customers for your business. On the other hand, a second passport can help you avoid financial or social instability in your country, as well as open up various business and investment opportunities that are not available for foreigners in a certain area.
All it takes for a non-Cypriot citizen to apply for a Cyprus passport is to meet a certain set of criteria, which includes specific economic requirements. As stated by the Cyprus Investment Programme, if you meet this set of criteria, you can easily file an application with the Minister of Interior in order to obtain the Cypriot citizenship
A recent decision made by the Cyprus Ministry of Interior has brought changes to the standard rules. Namely, as of July 31 2018, the applications for the Cyprus Investment Programme must be submitted by legal persons who are registered with the Registry of Service Providers (Registry) of the Cyprus Investment Programme. As a member of this registry, our law firm can assist you with this matter.
Overall, obtaining a Cyprus passport by investment will bring significant benefits in many different fields. If you are ready to take this important step, contact Evagoras Anastasiou and Associates LLC and one of their representatives will get in touch with you quickly to further explain the legal processes and how the firm can help you achieve a Cyprus passport by investment.