Cyprus has applied changes to its permanent residency through the investment program. One of the major changes is the removal of the deposit amount in a Cyprus bank requirement, a Major advantage has been added to the program with this removal.
The program also now offers new and diverse streams of investment to obtain permanent residence, in addition to the original stream of investing in new residential properties, investors can now invest in commercial properties as well, including offices, shops, and hotels. These properties can be either new or resale. Investors can as well invest in the share capital of a Cyprus company and be eligible under the permanent residency program of Cyprus.
For more details, please contact Reach Immigration